Supposing a company does something not stated in MOA should that be accounted in the books.
Is it Ultra vires the MOA
What is the impact of the same with reference to Companies Act
Menu
Companies Act Query
Replies (1)
Any thing done beyond what is stated in MOA is ultra vires. The ultra vires act is void and unenforceable by company. Directors are personally liable for the ultra vires act to the third party.
Recent Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
