Memorandum, ultra vires and indoor management

Statute sections

Landmark cases

Previous-year questions

Mapped 6 / 10 / 15-mark questions on this topic. Frequency is how many papers repeat the question.

• 6 Doctrine of ultra vires. · 6×
• 10 A private company has only two shareholders who are also the directors, with equal rights of management and voting power. The company has made huge profits, but there is a complete deadlock in the management of the company. One of the shareholders applied for the winding up of the company. Decide. · 2×
• 6 Indoor management. · 1×
• 10 'X' company purchases a property without the power given in its Memorandum of Association. What is the legal position of the company with regard to the company? · 1×
• 10 A company altered the objects clause of its memorandum of association by passing a special resolution. A copy of the resolution was filed with the Registrar four months after the passing of the resolution. Can the registrar register the alteration? · 1×
• 10 'A' had subscribed to the memorandum of a company for 100 shares. The company was duly registered but ultimately he took only 10 shares. The company was wound up. What is the extent of 'A's liability? Explain. · 1×
• 15 What is a Memorandum of Association? · 1×
• 15 Explain the contents of Memorandum of Association and Articles of Association. Describe the relationship between the Memorandum of Association and Articles of Association. · 1×
• 15 "As the memorandum of association drafted, the doctrine of ultra vires is an illusory protection to the shareholders and a pitfall for third parties." Discuss the doctrine of ultra vires in light of the above observation. · 1×
• 15 "The memorandum of association is the fundamental law or a charter defining the objects and limiting the powers of a company." Explain. · 1×
• 15 Explain the importance of the Memorandum of Association in the company's management. · 1×