Articles by Guneet

In this blog post, I will write about the doctrine of ultra vires according to Indian companies law 2013 with references to case law and relevant sections and explain the legal terms and concepts. The doctrine of ultra vires is a Latin term that means "beyond powers". It is a fundamental rule of company law that limits the powers of a company to the objects specified in its memorandum of association (MOA), which is the basic charter of the company.

In this blog post, I will explain the doctrine of indoor management according to the Indian Companies Act, 2013 with references to case law and relevant sections. I will also explain the legal terms related to this doctrine. The doctrine of indoor management is a legal principle that protects outsiders who deal with a company from the internal irregularities of the company. It is also known as the Turquand rule, after the landmark case of Royal British Bank v Turquand (1856) 6 E&B 327. According to this doctrine, an outsider who enters into a contract with a company can assume that all the internal formalities and procedures have been duly complied with by the company, as long as the contract is within the scope of the company's memorandum and articles of association. The outsider does not need to inquire into the internal affairs of the company or verify whether the directors or other officers have acted within their authority.

The doctrine of corporate veil is a legal principle that recognizes the separate legal personality of a company from its members. It means that the company is an independent entity that can own property, enter into contracts, sue and be sued in its own name, and is not liable for the debts or obligations of its members.

The doctrine of corporate veil is a legal principle that recognizes the separate legal personality of a company from its members. It means that the company is an independent entity that can own property, enter into contracts, sue and be sued in its own name, and is not liable for the debts or obligations of its members. However, there are certain circumstances where the courts may lift or pierce the corporate veil and look behind the facade of the company to identify the real persons who are in control or responsible for its actions. This is done to prevent fraud, abuse, evasion or injustice that may arise from the misuse of the corporate personality by its members.

In this blog post, I will discuss some of the key features and implications of the Indian Companies Act 2013, which replaced the Indian Companies Act 1956. I will also refer to some of the relevant case law and sections of the Act to illustrate the points.