https://www.taxtmi.com/caselaws?id=96748 A shareholder may sue in his own name to challenge an act alleged to be ultra vires, because such an act is beyond the company's powers and cannot be ratified by the majority; prior consultation with the company is unnecessary where that course would be futile. A special resolution must satisfy the statutory majority requirement, and a Chairman's declaration does not validate a resolution where the recorded vote itself shows non-compliance. On the stated figures, the three-fourths majority was not achieved, so the alteration of the articles was not binding. en-us Mon, 07 Jun 1937 00:00:00 +0530 Tue, 10 Jan 2012 17:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96748 A shareholder may sue in his own name to challenge an act alleged to be ultra vires, because such an act is beyond the company's powers and cannot be ratified by the majority; prior consultation with the company is unnecessary where that course would be futile. A special resolution must satisfy the statutory majority requirement, and a Chairman's declaration does not validate a resolution where the recorded vote itself shows non-compliance. On the stated figures, the three-fourths majority was not achieved, so the alteration of the articles was not binding. Case-Laws Companies Law Mon, 07 Jun 1937 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96748