banner_ad

Doctrine of indoor management

Others 401 views 1 replies
please explain in simple language doctrine of indoor management? exception? basis?
Replies (1)
Outsiders( Banks and Financial Institutions) or any other party through which company enters into transaction, Will not obliged to see anything which is not in public domain, and on the basis of it, their txn can't be considered as void, Example like when BOD authorise Mr. A (Director) to sign on behalf of Company, he submits CTC Of board resolution to Other party, Now in actual No board meeting happens neither He was authorised ,which was exposed later, Then Other party who relying on the authorisation & on CTC ,his contract can't be repudiated on the basis that ,Mr. A signs without authority of board, Because it's an internal matter.....

Contarction of the above rules is "Doctrine of Constructive Notice "


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details