வணிகம் மற்றும் பொருளாதார இதழ்

The Abrogation of Ultra Vires Doctrine of Company Law by the English Courts

Abstract

Farqaleet Khokhar

The company has a limited legal capacity for the performance of any transaction and an attempt to perform any act beyond its legal capacity is ultra vires. The paper discourses the development of ultra vires doctrine in English company law. With this purpose, this piece unearths the canon of English courts judgments to pinpoint how and why the doctrine has been abrogated with time. The article demonstrates how the abrogation and modification of the objects clause have ended the doctrine of ultra vires in company law.