What is Ultra Vires? The term Ultra Vires is derived from the Latin word ‘Ultra’ means beyond, and ‘vires’ means powers or authority. So we can say that anything which is beyond the authority or power is called ultra-vires. In…
Act done beyond MOA In case the act goes beyond the powers of MOA, then such a act is treated as ultra-vires and void-ab-initio. Nobody can alter that and make changes in their favor then. For example- if it is…
Memorandum of Association and Articles of Association are the two major documents that every company is required to keep. They help the owners to run the company with ease and helps in streamlining the business. Memorandum Of Association acts as the…
What is Articles of Association (AOA)? Articles of Association (AOA) is an important document of Company. It contains the rules and regulations or bye-laws of the company. They are related to the internal working or management of the company. It…
What is Memorandum of Association? MOA Full Form is a Memorandum of Association (MOA). Memorandum of Association is the main document of a company which defines its objects. It lays down the fundamental conditions upon which alone the company is allowed to…
Introduction A private limited company is a company established by a few individuals privately having a separate legal entity. The liability arrangement in these is that of a limited partnership, wherein the liability of a shareholder extends only up to…
What is a unicorn Startup? – Meaning Unicorn is a popular term used in the venture capital industry to refer to a privately held startup company that has reached a valuation of $1 billion. The term was introduced by venture…
What is a Partnership Deed? A Partnership Deed is is a written legal document that consists of an agreement between two or more individuals who would like to manage and operate a business together in order to make a profit. It is a…
Meaning of Partnership Firm: A partnership firm is created when two or more persons unite together and pool resources to establish a business. According to Indian Partnership Act, 1932, Section 4 defines Partnership as – “An agreement between persons who…
Meaning of Partnership Firm: A partnership firm is created when two or more persons unite together and pool resources to establish a business. The name under which their business is carried on is referred to as the “Firm Name.” Individual…