Reviewed case brief
Cotton Corporation of India Ltd v United Industrial Bank Ltd
AIR 1983 SC 1272
The Supreme Court of India affirmed that acts beyond the objects clause of a company's memorandum are ultra vires and void. Third parties dealing with a company are deemed to have constructive notice of the contents of its memorandum and articles.
- Court
- Supreme Court of India
- Year
- 1983
- Subjects
- Company Law
- Reviewed
- 2026-06-30
Rule established
Ultra vires acts of a company are void and the doctrine of constructive notice applies to the memorandum of association
Facts
Issues
Held
Ratio decidendi
How to use it in an exam
Editorial source
AIR
Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.