• The Rule in Turquand's Case
    The doctrine of Indoor management, popularly known as the Turquand's rule initially arose some 150 years ago in the context of the doctrine of constructive notice. The doctrine of constructive notice of a company's public documents was, of course, abolished prospectively. The rule was partly dictated...
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  • Indoor Management
    Doctrine of indoor management Memorandum of Association and articles of association are two most important documents needed for the incorporation of a company. The memorandum of a company is the constitution of that company. It sets out the (a) object clause, (b) name clause, (c) registered office clause...
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  • article of association
    previous companies laws or of the present Act, i.e. the Act of 1956. They may be described as the internal regulation of the company governing its management and embodying the powers of the directors and officers of the company as well as the powers of the shareholders. They lay down the mode and the manner...
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  • Legal Business
    leading cases and Turquand rule. Doctrine of 'Indoor Management' The doctrine of Indoor management, popularly known as the Turquand’s rule initially arose some 150 years ago in the context of the doctrine of constructive notice. The rule of Doctrine of Indoor Management is conflicting to that of the principle...
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  • Turquands Rule
    The “Indoor Management Rule” apparently developed as a means of mitigating the harshness and burdens of the doctrine of constructive notice in relation to outsiders dealing with companies; the doctrine of constructive notice states that persons dealing with a company are deemed to have notice of the...
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  • Doctor Who
    situation, she can finalize the contract with her superiors indicating that she has the authority to make the contract. In addition, we can use the doctrine of apparent authority where an agent is given the impression by the company to act on behalf of the principal. Apparent authority arises when an agent...
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  • Corporations Law Assignment
    are whether they can rely on constructive notice, whether or not Jennifer has authority to enter into contracts on the company’s behalf, and whether she satisfied her duties as an agent. Common Law: At common law, contracting parties are assumed to have constructive notice of publically available documents...
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  • Companies Act 1956
    (Chapter 37) 3) Contents of Memorandum & Articles of association, distinction between the two and mode of alteration. Doctrine of Ultra vires/ Constructive notice/Indoor management (Chapters 38 & 39) 4) Definition, types, contents in Prospectus. Liabilities for misstatements (Chapter 40) 5) Share...
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  • Law Questionnaire
    of a Company be altered? What are the limitations of such an alteration? 6. Explain ‘Doctrine of Constructive Notice’ and ‘Doctrine of Indoor Management’. Enumerate the exceptions to ‘Doctrine of Indoor Management’ 7.Explain the concept of ‘Corporate Veil’ and state the circumstances when it can...
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  • Mba and Its Case Studies
    the company has the necessary authority to act on behalf of the company. The common law rule mitigated the perceived harshness of the doctrine of constructive notice with respect to the "public documents" of a company (including its Memorandum of Association and Articles of Association). Facts: Mr...
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  • Company Law Essay - Cavendish University Law Lecturers Notes
    * Articles of Association This document regulates the internal activities of the members and the directors. It contains information on, management, who will be the directors of the company, who will be the managing director, secretary, appointment of the board of directors, qualifications of...
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  • Company Law Exam with Answers
    of company’s membership g. Take over bids h. Fraudulent trading b. Discuss the doctrine of ultra vires with regard to the objects of a company and state the effect of an ultra vires transaction. (5mks) - The doctrine of ultra vires is a legal rule that was articulated by the house of Lords in the case...
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  • The Companies Act
    :- a. The other Company controls the majority composition of the Board Of Directors [BOD] with the sole intention of having control over the management. b. Where the other Company holds a majority of its shares. c. The Holding Company’s Subsidiary has its own Subsidiary. e)...
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  • Corporation
    incorporation and document issued by government is called certificate of incorporation. Powers are limited to those specified under the act. Doctrine of constructive notice: Presumption at law that everyone has knowledge of the content of all statutes (related to corporation). For example, third party may not...
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  • Case Laws for Commercial Laws
    Salomon v A Salomon & Co Ltd [1897] AC 22 is a landmark UK company law case. The effect of the Lords' unanimous ruling was to uphold firmly the doctrine of corporate personality, as set out in the Companies Act 1862, so that creditors of an insolvent company could not sue the company's shareholders...
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  • Business Law
    on business is twofold - (1) Shortage of money and (2) Shortage of management skills. Thus, when a company is formed it enjoys many rights like an individual. Further, huge amount of money is invested and people at different management skills are employed, for its smooth functioning. The object to form...
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  • Cmpany Law
    signed by each such director to take and pay for their qualification shares, if any. Ordinarily, both the private and public companies will file the notice of their addresses of the Registered office; When the necessary stamp duty and the registration fee have been paid and the Registrar is satisfied...
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  • Project
    memorandum  Doctrine of ultra vires Lesson 3: articles of association  Meaning of articles of association  The contents of articles of association  Alteration of articles of association  The constructive notice of memorandum and articles 2    The doctrine of indoor management The rule royal...
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  • Essay on Company Law
    the purposes of a rule, usually statutory, the special rules of attribution can override the principles of company law 11 Meridian Global Funds Management Asia Ltd v Securities Commission [1995] 2 A.C. 500. 12 Recognition of the board of directors and the shareholders acting through the meeting...
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  • Company Contracts and Doctrine of Ultra Vires, a Comparison of Uk and Pakistani Company Lawa
    exercise an administrative discretion e.g., acting at the behest of another or unlawfully applying a government policy[13].” 1.4 Explanation: “The doctrine of ultra vires wears at first sight an aspect of technicality, but closer examination shows it to be eminently rational, and a necessary complement...
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