CA Inter Law Practice Questions - CA Intermediate Paper 2 Corporate And Other Laws Exam

Under the doctrine of indoor management (Royal British Bank v. Turquand), an outsider dealing with a company is:

Liable for any internal procedural default of the company Required to inspect the company's minute books before contracting Bound to inquire into internal compliance and irregularities Entitled to assume that internal procedures have been duly complied with

Correct Answer:

Entitled to assume that internal procedures have been duly complied with

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