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    <title>1946 (3) TMI 15 - IN THE HOUSE OF LORDS</title>
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    <description>Section 143 of the Companies Act 1929 and article 88 of Table A validate defects or irregularities in appointment or qualification, but not a complete absence of appointment. They cannot be stretched to legitimise a usurpation of office by a person who was never duly appointed, and acts done in such circumstances remain unvalidated. The rule in Turquand&#039;s case protects outsiders dealing in good faith with a company on the assumption that internal requirements have been complied with, but it is unavailable to a director or de facto director who himself participates in the unauthorised transaction. A director cannot rely on the indoor management rule to validate his own unauthorised act.</description>
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    <pubDate>Fri, 22 Mar 1946 00:00:00 +0530</pubDate>
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      <title>1946 (3) TMI 15 - IN THE HOUSE OF LORDS</title>
      <link>https://www.taxtmi.com/caselaws?id=96933</link>
      <description>Section 143 of the Companies Act 1929 and article 88 of Table A validate defects or irregularities in appointment or qualification, but not a complete absence of appointment. They cannot be stretched to legitimise a usurpation of office by a person who was never duly appointed, and acts done in such circumstances remain unvalidated. The rule in Turquand&#039;s case protects outsiders dealing in good faith with a company on the assumption that internal requirements have been complied with, but it is unavailable to a director or de facto director who himself participates in the unauthorised transaction. A director cannot rely on the indoor management rule to validate his own unauthorised act.</description>
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      <pubDate>Fri, 22 Mar 1946 00:00:00 +0530</pubDate>
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