Explain the following concept: The doctrine of Indoor Management
Explain the following concept:
The doctrine of Indoor Management
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- The doctrine of Indoor Management states that persons entering into a contract with the company need not inquire whether the company or its officers have properly followed the internal proceedings.
- It is assumed that the company acts as per its Memorandum and Articles of Association.
- The doctrine of Indoor Management protects the interest of outsiders when they act based on the Memorandum of Association and Articles of Association.
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