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Ratification of ultra vires action

(Querist) 17 November 2011 This query is : Resolved 
Dear Sir,

Can an ultra vires action be ratified. If so, what is the procedure. In a particular case after altering the MoA to make the action valid, can the shareholders ratify the action previously done? Your valuable suggestions are most welcome.
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Sailesh Kumar Shah (Expert) 20 November 2011
please ask specifically.

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