Ms. Sneha Srivastava, Amity University, Lucknow
ABSTRACT
This research paper encompasses a detailed analysis of the doctrine of indoor management, its exceptions and its relation to the case of Royal British Bank V. Turquand. This study entails to highlight the key concepts of the doctrine of indoor management and the founding blocks of the profound “Turquand’s rule.” This study further aims to understand how the concept of the doctrine of indoor management has evolved over the years and contributed to the change in the modern-day dynamics of corporate law. It aims to elucidate how the scope of company laws have spanned from solely protecting the companies from outside harm to giving remedial measures to outsiders who seek protection from the acts of the companies they have contracted with. It also throws light on how the doctrine of indoor management came into existence as a response to the doctrine of constructive notice. This study also illustrates how the law-making bodies, or the judicial system, have set a tab on the extent to which this doctrine may be applied by imposing certain limitations on it in the form of exceptions. This study incorporates various case laws and illustrations to give a better understanding of the concept. The precise and inclusive correlation of the case Royal British Bank V. Turquand with the doctrine of Indoor Management gives the reader a better understanding about the need, outcome and application of this doctrine. This study aims to understand the extent of liability of a company in case of any internal irregularities.
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