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Corporate & Other Laws
In case If ultra vire act .... Moa And Aoa Are Public documents .. Assume lender lends Money ultra vire to the company ...( Directors are liable )Â But but .. what about MoA ....because borrowing power of director is clearly mentioned in this document So how can a lender lends ultra vire loan ... 2.Company will say it is ultra vire so we can, t ratify it .. Director, s will say that it is lender, s fault who doesnot Read The Aoa...as Well as Moa... 3.if comapany can, t ratify it even with unanimous vote then how in exceptions it can by altering articles
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