Articles under Doctrine Of Indoor Management

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.