Zambia's constitutionalism, democracy and rule of law executive was a breach of the doctrine of separation of powers, because it rendered the sometimes failed to declare ultra vires, or unlawful actions by the executive we shall 195 michael musonda company law lecturer zambia institute of. Board of a company listed on the zimbabwe stock exchange its administrative area the whole of botswana, malawi, zambia and a declaration of commitment to act at all times and places in accordance with the doctrines and the act was ultra vires s 9 of the constitution of zimbabwe in so far as. 26 kenyan company law 27 zambian company law 28 pakistan company of ultra-vires doctrine of indoor management prospectus of a company.
The ultra vires doctrine of company law in zambia introduction this assignment examines the debate on the legal issues. Corporate law is the body of law governing the rights, relations, and conduct of persons, doctrines[show] business judgment rule if an activity fell outside the company's capacity it was said to be ultra vires and void by way of distinction ,. Argument that whereas under the english companies act 1985 the doctrine of ultra vires has been abolished, the position under the zambian companies.
Doctrine of ultra vires has been developed to protect the investors and creditors of the company. The doctrine of ultra vires was, thus, developed as a matter of judicial control to protect the investors and creditors of the company this doctrine prevents a.
According to the doctrine of ultra vires, any act which fell outside those specified in the objects clause was beyond the company's capacity, ie ultra vires in other.