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Navigating Corporate Limits: A Comprehensive Analysis Of The Doctrine Of Ultra Vires




Aaditya Kumar, ICFAI Law School, Hyderabad


ABSTRACT


Companies are not permitted to operate in a manner that exceeds the authority granted to them in their memorandum of association, according to the doctrine of ultra vires. It is based on corporate law and serves to protect stakeholders as well as the company's integrity. Actions taken for the benefit of the corporation, shareholder approval, and activities within apparent authority are examples of exceptions. The doctrine emphasizes how crucial it is to follow the law and corporate goals. The application of corporate law can be influenced by statutory provisions and legal developments, highlighting the dynamic character of this field. The essential ideas, exclusions, and function of the doctrine in upholding corporate governance and legality are succinctly summarized in this abstract.

Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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ISSN: 2582-8878

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Website: www.ijllr.com

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Accessibility: Open Access

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License: Creative Commons 4.0

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Submit Manuscript: Click here

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Licensing: ​

 

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

Disclaimer:

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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