Can a company be wound up on the grounds that it has acted ultra vires its object clause?

Find out more about the legal requirement below. What is the B Corp Legal Requirement? The B Corp Legal Requirement formalises your company's ... - Ultra vires- where company didn't act in accordance with its objects/doesn't observe ... Objects clause (page 117): A company's constitution may contain an ... An objects clause is a paragraph in a company's Memorandum of Association that specifies the goal and scope of its activities. The object clause's ... THE OBJECTS CLAUSE AND THE DOCTRINE OF ULTRA VIRES. Prior to the amendments made to the Companies Act in 2004, the contractual capacity of a company was defined ... The discussion within this article is limited to the ultra vires doctrine as it relates to the objects clause and not to the general breach of directors duties ... A clause which forms part of a company's memorandum of association. It sets out the purposes the company was formed for. company), what its capital is and whether the liability of its members is unlimited or limited by shares or guarantee. An 'objects' clause is not required. Apr 14, 2020 ... Steps for Alteration in object Clause of Memorandum of Association · Certified True Copies of the Special Resolutions along with explanatory ... Mar 5, 2024 ... This is a clause that sets out a company's purpose and the scope of its activities. Essentially, it restricts what a company can do. The principal objects of the COMPANY shall be to manufacture, develop, market, distribute and sell the Products in Japan with the license granted under a ...