THE DOCTRINE OF ULTRA VIRES IN COMPANY LAW Under Section 8 (9) of - TopicsExpress

THE DOCTRINE OF ULTRA VIRES IN COMPANY LAW Under Section 8 (9) of the Companies Act Cap 486 if no application is made to the court, within 30 days the alteration cannot subsequently be challenged. The effect of this provision is that as long as an alteration is supported by more than 85% of the shareholders or so long as no one applies to the court within 30 days of the resolution, companies have complete freedom to alter their objects. ow.ly/GYFHa

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