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