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Explain the following concept:

Ultra Vires act

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1 Answers

  • The word Ultra means beyond and the word Vires means the powers. 
  • Thus Ultra-Vires means beyond the powers of Memorandum. 
  • The doctrine of ultra-vires states that any activity done by a company that is beyond the powers of the company will be null and void. 
  • The purpose of the Doctrine of UltraVires is to protect all the stakeholders. 
  • The stakeholders have the right to see that the company uses their money for the objects mentioned in Memorandum.

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