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6. If a company does
something in
contravention of the
Articles, it is​

User Mauzel
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1 Answer

5 votes

Answer:

only irregular, which can be confirmed by shareholders and ratified.

Step-by-step explanation:

An Article can be defined as rules, regulations and bye-laws that are binding on a corporation and generally used for internal management.

Corporation is considered to be one of the most complicated and expensive type of organization. Thus, it is considered to be a body that comprises of a group of people such as directors, shareholders etc. who act as a single entity and it's perpetual in nature. It can be sold through stocks or shares, as a public eentity.

If a company does something in contravention of the Articles, it is only irregular, which can be confirmed by shareholders and ratified.

This ultimately implies that, when a company's Act (Articles) is contravened, it is just an irregularity and as such can always be confirmed by the shareholders and ratified or rectified accordingly.

User Ulli
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