... of any provision of company law or of its act". It contains the objects for which the company is formed and therefore identifies the possible scope of its operation beyond which its action cannot go. Ultra Vires Any transaction, which is outside the scope of the powers specified in the objects clause and are not reasonable incidentally or necessary to the attainment of objects is ultra-vires the company and therefore void. No rights and liabilities on the part of the company arise out of such transactions and it is a nullity even if every member agrees to it. Section 13(1)(d) of the companies ACT 1956 requires the company to divide its objectives into two parts: I. Main objects and objects incidental or ancillary thereto; and II. Other objects Any act beyond the objects stated in the memorandum is ultra vires the company and thus is void. Articles of Association According to section ...

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