Origin Of The Doctrine Of Indoor Management

Riya Adhikari, UPES, Dehradun

ABSTRACT

Corporations are a group of persons united or regarded as united in one body. The law governing corporations is the Companies Act of 2013. To a nation’s economy and financial management, a corporation holds significant value. A corporation has its own set of rules and regulations for its governance. It is also important at the same time to have some protection for the corporation from outsiders and vice versa. As a result, the doctrine of constructive notice and the doctrine of indoor management emerged with time. This paper aims to dug deeper into the origin of the doctrine of indoor management which conversely strikes at the doctrine of constructive notice. The paper provides a basic overview of the origin of the doctrine including the famous turquand’s rule and the basic idea of the doctrine of constructive notice.

Keywords: constructive notice, corporation, turquand rule, indoor management, outsider.