Analysis of Turquand Rule and its exceptions

FCS Deepak Pratap Singh | Last updated: 08 November 2022

Save Share

Quick Summary

The Turquand Rule, also known as the Indoor Management Rule, protects individuals or entities dealing with a company in good faith. It presumes that a company's internal procedures have been correctly followed, relieving outsiders from the burden of verifying internal compliance. This rule, established in the case of Royal British Bank v. Turquand, is crucial for facilitating smooth business transactions.

As you are aware that a person (outsider) dealing with a corporate entity of a company must look incorporation documents such as MOA AOA of the company and he need not to enquire about internal management of the company. He need not to check before dealing that the entity has followed all legal req

Daily Limit Reached

You have reached your daily limit of 2 Free Articles

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Community
Daily E-Newsletter
Unlimited Articles Access
Profile Visitors
Link Social Profiles
Featured Job Posts
Pro Badge
Expert GST Guidance
Unlimited Forum Replies
Download Content in PDF

BEST VALUE

2 YEAR PLAN

3,499

(Excl. of GST ₹629)

1 YEAR PLAN

1,999

(Excl. of GST ₹359)

3 MONTHS PLAN

999

(Excl of GST ₹179)

View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

26018 Views Comment Share Corporate Law Report

About the Author

FCS Deepak Pratap Singh

Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.)

Dear Friends, MyselfFCSDeepak P. Singh ( B.Sc.. LLB, FCS. FIII, CIAFP, CRMP, ID) , A Fellow Member of ICSI, Law Graduate ,Fellow Member of Insurance Institute of India, Certified Independent Director ,Certified Insurance Anti Fraud Professional , Certified Risk Governance Professional ( ICSI-III) and cleared Limited I ... Read more

View Articles

Comments :