IndigoLearn

Punishment for violating MoA

The act done beyond MoA is void. Does the law penalise a company for violating its MoA. eg: If IndigoLearn starts stock brokerage business (not mentioned in object clause) along with selling courses, that businesss will not be valid. Will the Law penalise IndigoLearn Pvt Ltd?


Aman Mahajan

Aman Mahajan

CA Inter

18K+

15-Jan-21 13:16

16

Answers (2)

Best Answer

Some one has to complain - No one in MCA / ROC is searching for such violations. The directors of the company who permitted such a act will be liable.


Sriram Somayajula

Sriram Somayajula

Admin

15-Jan-21 13:24

Any specific reason for pasting the same query again?


Deepak Gupta

Deepak Gupta

CA Inter

760

15-Jan-21 13:25