A Critical Analysis of the Doctrine of Indoor Management Rule under Company.
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Date
2023-09
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Kampala International University, Masters of Arts in Law
Abstract
The study was focused on “a critical analysis of the doctrine of indoor management rule under company law” which analyzed the doctrine of indoor management rule under company law in Uganda. According to this doctrine, persons dealing with the company need not inquire whether internal proceedings relating to the contract are followed correctly, once they are satisfied that the transaction is in accordance with the memorandum and articles of association. The doctrines of constructive notice and indoor management are essentially rules of prudence which facilitate business transactions between a company and an outsider. The indoor management rule is a doctrine under the company law which is globally accepted as it’s an exception to the doctrine of constructive notice and somewhat reducing its harshness. In companies law the doctrine of constructive notice is a doctrine where all persons dealing with a company are deemed (or construed) to have knowledge of the company’s Articles of Association and Memorandum of Association. Therefore, it protects the company from the actions of outsiders while the doctrine of indoor management protects the outsider person from the illegal actions of the company. However the following are the objectives of the study analyzed: To examine the doctrine of indoor management under company law in Uganda, to examine the exceptions to the doctrine of indoor management prescribed in The Companies Act and to assess the application of the doctrine of indoor management Uganda.
Description
A Research Project Submitted to the School of Law in Partial Fulfillment of the Requirements for the Award of Masters of Laws of Kampala International University