Detailed Study Notes for Unit II
Unit-II: Promoters, Memorandum of Association, Articles of Association, Ultra Vires, Indoor Management & Prospectus 1. Promoters and Pre-Incorporation Contracts A. Who is a Promoter? (Section 2(69)) B. Pre-Incorporation Contracts 2. Charter Documents: Memorandum of Association (MoA) A. Meaning and Significance B. Compulsory Clauses in MoA (Section 4) 3. Doctrine of Ultra Vires A. Meaning and…