MCQ on Doctrine//MCQs on Company Law

 

 Doctrine

1. A contract which is ultra vires the articles can be ratified by the company and if it ultra vires the MOA 

a) It can be ratified by the shareholders 

b) It can be ratified by the shareholders and the directors 

c) It can be ratified only by the whole body of shareholders and directors 

d) It can never be ratified. 

2. The MOA and the AOA once registered with the ROC becomes a public document u/s 399 and every person dealing must have the knowledge of the articles but need not know about the memorandum. 

a) This statement is true 

b) This statement is false 

3. The doctrine of indoor management provides that the outsider need not know about the internal management and hence can claim relief. On the grounds of this doctrine the director of the company claimed relief for a contract which did not fulfil the requirements of the articles 

a) He can claim relief 

b) He cannot claim relief on the grounds that he had knowledge of irregularity. 

4. For contracts which are ultra vires the company who shall be laible? 

a) The members shall be laible 

b) The directors shall be liable 

c) The members and the shareholders shal be liable 

d) The third party cannot hold anyone liable