IndigoLearn

MoA

In case If ultra vire act .... Moa And Aoa Are Public documents .. Assume lender lends Money ultra vire to the company ...( Directors are liable )  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


Zeeyan Koka

Zeeyan Koka

CA Foundation

360

18-Nov-20 09:36

14

Answers (1)

Shareholders can ratify by amending articles if they wish to.


Suraj Lakhotia

Suraj Lakhotia

Admin

18-Nov-20 17:05