STUDY LECTURES LAW
Borrowing Powers of Company and it's Director || Unauthorised Borrowing and it's consequences
We will discuss Borrowing power of a company and Unauthorised Borrowing and it's effect, liability and remedies to other party.
Content
What is Borrowing Power
It's validity
Unauthorised Borrowing
Legal effect of unauthorised Borrowing
Kinds of Unauthorised Borrowing
Ultra vires debt
Legal remedies
Consequences
Liability of company
Liability of directors
and many more things
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