Ultra vires
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2013
what is ultra vires?
can anyone tell me in simple words?
can anyone tell me in simple words?
23 March 2013
‘Ultra’ means beyond, and ‘vires’ means powers. Memorandum of Association of a company defines the powers of a company. Any act done contrary to or in excess of the scope of the activity of the company as laid down by its memorandum of association is ultra-vires the company, i.e., beyond the legal powers and authority of the company, and shall be wholly void and not binding on the company.
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