Page 68 - DCOM106_COMPANY_LAW

Unit 5: Memorandum of Association

Self Assessment Notes

6. Match List-I with List-II and select the correct answer using the codes given below in the
lists:
List-I (Company Issue) List-II (Company Documents)

A. Affirmation of compliance with 1. Certificate of incorporation
the registration formalities
B. Classes of shares into which 2. Statutory declaration
shake capital is divided
C. Rules for forfeiture of shares 3. Memorandum of Association
D. Name and address of 4. Articles of association
the company auditor
5. Prospectus
Codes:

A B C D
(a) 1 4 3 5
(b) 5 4 3 1

(c) 2 3 4 5
(d) 4 1 5 2
7. Which of the following statements are correct?
(i) Minutes are not required to be read at a sub general meeting.
(ii) Confirmation of Minutes is not an item of agenda in general meeting.

(iii) The chairman may disallow any matter which in his opinion is detrimental to the
interests of the company from being included in the minutes.
(iv) Members cannot obtain copies of minutes through they can inspect them during
business hours.
Select the correct answer using the codes given below:
(a) (ii) and (iii) (b) (i), (ii) and (iii)

(c) (i), (iii) and (iv) (d) (ii) and (iv)

5.4 Doctrine of Ultra Vires

Ultra vires means beyond powers, i.e., any act done by the company beyond its legal powers and
authority.
It has been observed that the company has an Independent legal existence and is a separate body
corporate distinct from its members. The company can, therefore, perform acts on its own. The
acts which the company performs are authorized by:
Objects specified in the Memorandum of Association of the company with which it is
registered. Objects include incidental objects also, and
The Companies Act.

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