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regarding statutory interpretation and company law

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › regarding statutory interpretation and company law

  • This topic has 1 reply, 2 voices, and was last updated 14 years ago by MikeLittle.
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  • December 9, 2011 at 3:31 pm #51008
    rimx
    Participant
    • Topics: 31
    • Replies: 36
    • ☆☆

    In your notes there are 3 statutory interpretation rules, purposive rule is also a part of statutory rules ?

    constitution of a company consists of, articles, resolutions to alter those articles and any agreements to alter articles, where the object of the company is stated ? is it stated when the form of registration is given to the registrar ?

    December 10, 2011 at 3:07 pm #91678
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23362
    • ☆☆☆☆☆

    Yes, purposive approach IS part of statutory interpretation

    Objects of the company ARE in the documents sent to the Registrar with the application for registration.

    But “Objects” is really a redundant concept – any third party acting in good faith can always rely on the ability of the company to enter validly into a transaction ( even though the company itself is not able to enforce such an ultra vires transaction )

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