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If the objects clause in a company’s Memorandum of Association is exceeded, what is the effect under the Companies Act, 2013?
The act remains strictly ultra vires from the very beginning
The transaction can be retroactively ratified by shareholders
The act becomes automatically valid after one complete year
The act automatically binds the company and its directors
The act remains strictly ultra vires from the very beginning
Practice and solve "If the objects clause in a company’s Memorandum of Association is exceeded, what is the effect under..." for Subject Knowledge - CCIManagement Trainee Accounts 01 Sep 2026 Shift 2. The correct answer is Option A: The act remains strictly ultra vires from the very beginning. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "If the objects clause in a company’s Memorandum of Association is exceeded, what is the effect under..." for Subject Knowledge - CCIManagement Trainee Accounts 01 Sep 2026 Shift 2. The correct answer is Option A: The act remains strictly ultra vires from the very beginning. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.