ultra vires


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Related to ultra vires: Ultra Vires Act

Ultra Vires Activities

Activities in which a publicly-traded company engages that are outside the powers delegated to it in its charter and/or bylaws. Every publicly-traded company has a charter and bylaws, which both outline the powers of executives and the board of directors and actions they are allowed to take. While both the charter and the bylaws can be amended by shareholders, companies sometimes take actions outside the scope of their charters without first receiving permission to do so. If shareholders deem ultra vires activities to be harmful to them or to have the potential of harm, they may sue the company for damages.

ultra vires

(of an action by a JOINT-STOCK COMPANY) exceeding its powers as defined in its MEMORANDUM OF ASSOCIATION. For example, if a company's memorandum authorizes it to trade in the motorcar business, and its directors then set up an ice-cream business, then they may be regarded as trading ultra vires and the company's CONTRACTS with ice-cream suppliers and customers may be regarded as void. To avoid falling foul of the ultra vires doctrine, companies now tend to draw up very wide-ranging business powers in the MEMORANDUM OF ASSOCIATION.
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He argues that this has been exacerbated by restrictive readings of the ultra vires rule:
trouble ahead Sturgeon and May " Ultra vires means outside the competence of a body - basically something illegal.
Government notification completely banning liquor in the state ( Bihar) is ultra vires to the Constitution.
procedural ultra vires, ie doing something in the wrong way; and
This was a clear violation of the principle of ultra vires. The prosecutors do not get to issue a decision.
The petitioner requested the PHC to declare the move ultra vires of the constitution.
Holding that each Order was ultra vires of Section 1 of the 1946 Act, the judge quashed them and their directions as unlawful.
The petition asserts the "ultra vires actions" of the Legislature, in diverting $80 million in court "user fees" for non-court-related functions in the 2008 session, is "unconstitutional conduct capable of immediate repetition" in the current legislative session.
This being established, it continues, there is no reason to pass verdict on the accusations of action ultra vires and/or misuse of powers.
If the official acted outside of or beyond the parameters set out by the statutory provision, then the act is considered ultra vires. This means the act was outside his or her jurisdiction or without lawful authority.
``We would seek to have the councillors who vote through this application removed from office on the grounds that they would be acting ultra vires (beyond their powers).''