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To what extent does the ultra vires doctrine apply in Zimbabwe?
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∙ 9y ago
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What is ultra-vires doctrine?
beyond one's power A+
Advantages of doctrine of Ultra vires in organisation?
The phrase means beyond powers
What do you think whats doctrine of Ultra Vires?
Doctrine of the ultra-vires Any transaction which is outside the scope of the powers specified in the objects clause of the MA and are not reasonable incidentally or necessary to the attainment of objects is ultra-vires the company and therefore void. No rights and liabilities on the part of the company arise out of such transactions and it is a nullity even if every member agrees to it. Consequences of an ultra-vires transaction: -1. The company cannot sue any person for enforcement of any of its rights. 2. No person can sue the company for enforcement of its rights. 3. The directors of the company may be held personally liable to outsiders for an ultra vires. However, the doctrine of ultra-vires does not apply in the following cases: - 1. If an act is ultra-vires of powers the directors but intra-vires of company, the company is liable. 2. If an act is ultra-vires the articles of the company but it is intra-vires of the memorandum, the articles can be altered to rectify the error. 3. If an act is within the powers of the company but is irregularly done, consent of the shareholders will validate it. 4. Where there is ultra-vires borrowing by the company or it obtains deliver of the property under an ultra-vires contract, then the third party has no claim against the company on the basis of the loan but he has right to follow his money or property if it exist as it is and obtain an injunction from the Court restraining the company from parting with it provided that he intervenes before is money spent on or the identity of the property is lost. 5. The lender of the money to a company under the ultra-vires contract has a right to make director personally liable.
How easy is it to apply the Max Factor Pan-Stik Ultra Creamy Makeup 101 ?
The Max Factor Pan-Stik Ultra Creamy Makeup goes on smooth and is easy to apply.
Effects of the ultra vires doctrine of company law?
Some common effects of Ultra Vires doctrine of company law include the fear to act promptly because of administration fears such as bottlenecks and retribution by senior stuff. As a result, most people want to contact a senior before making simple decisions.
What are the medical applications of ultra sonic waves?
You can use ultra sonic waves to image heart valves, to apply therapeutic heat, and the break up kidney stones, to name just three uses.
What is Doctrine of Ultra Vires?
That there are certain actions a corporation has no power to perform or do, and an act of this type performed by a corporation is prohibited. For example, a corporation which is not authorized to issue stock is ultra vires to the issuance of corporate stock, or "without power" Generally unless a provision is explicitly stated in the law or the corporation's charter there is almost nothing that is considered ultra vires for a corporation.
Is Zimbabwe an Independent country?
yes but it was colonised again and i don't know by who
What are words that start with 'ultra-'?
ultrasound, ultramodern, ultravioletUltramarine, ultramontane, and several hyphenated words such as ultra-violet, ultra-vires, ultra-sonic and ultra-microscope
Which is better dawn or ultra?
ultra
What ultra is a medical diagnostic?
ultra sound
How do you get an ultra violent on madworld?
no such thing as "ultra"
