What is the role of the object clause in determining the scope of a director's fiduciary duties?

Sep 6, 2018 ... The objects clause represented the activities which a company could do (i.e. the capacity of the company). If the company entered into a ... Nov 18, 2020 ... The objects clause of the Memorandum enumerates the objects of the company, so any act which is beyond the objects clause is ultra vires the ... In company law it means something beyond the object clause of its memorandum of association. A company is an artificial or legal person and, unlike a natural. a part of a company's memorandum of association (= a legal document describing a new company) that states the aims of the company and the powers of the company ... A clause which forms part of a company's memorandum of association. It sets out the purposes the company was formed for. concentrates on the lack of statutory obligation in the Companies Act 1994 for companies to have an objects clause. Underscoring the views expressed, the. Apr 14, 2020 ... Steps for Alteration in object Clause of Memorandum of Association · Certified True Copies of the Special Resolutions along with explanatory ... - 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 ... Aug 13, 2019 ... The main object in company law is to list such ideas in legal language. It will cover details concerning the business activities which the ... Aug 15, 2017 ... The provision states that unless the articles of company specifically restrict the objects of a company, its objects are unrestricted. A similar ...