What is the doctrine of Ultra Vires Ultra vires is a Latin phrase which means ‘beyond the powers of’. The doctrine of ultra vires means that a Company cannot act beyond the powers which are conferred to it. The Memorandum of Association states the objects which can be undertaken by a Company. The Articles of...Read More

What is a Limited Liability Partnership A Limited Liability Partnership (LLP) is a type of a legal entity in India which has the characteristics of both a partnership firm and company. It is a body corporate having perpetual succession and a separate legal entity distinct from its partners. The liability of each partner is limited....Read More