1) The document discusses the doctrine of indoor management. This doctrine assumes that outsiders dealing with a company are aware of the company's public documents and contents and can assume transactions are consistent with these. 2) The doctrine protects outsiders by not requiring them to ensure a company's internal proceedings are properly carried out. It also protects the company from outsiders by assuming resolutions necessary for transactions were passed, even if they were not. 3) There are exceptions if the outsider has actual knowledge of irregularities, if minimal inquiry could have discovered irregularities, or if documents turn out to be forged.

1. Topic Date.3tDECAI PageNo.1
1) DATE AND TIME OE
EXAMINATION a4-DEC-21 at 14i30
a) EXAM ROLL NO 19345310389
3) NAME OF THE PROUIRAM 8.COM
(U) SEMESIER
15) UNIQUEPAPER CODE 5.2414303
6) TITLE OF THE PAPER COMPANY LAW
(SUBJECT)
C) SOL ROLL NO 19-1-02- 0151o1

2. pupes Code 5414303
EXam Roll No- 19345310389
PageNo. 2
Date...
Topic.
uestion
inS DoCTRINEOF INDOOR MANAUIEMENT
while pessonsclealing with_a Company ae pesumed to
hase sead the Upublic documents and yndeStoo
theix Lontents and ascextain that the txansachon
ISho Pntonsistent theoeLoith they are entitled
to asume thaut thepaovisionç of the artieles
bave been obsered by the officeas of the Company
T isno paItof the duty of an ouufsider toSee
hoLw the Lompany Caies out itk own internal
pnceedings ox
aSSume that al is being done equlasly
indoo managemen_He Can
The dactaine of indoos monement thus impose
an impontant estrietiohs on the Scope ot doctine
of consrurive notie Lwhile the docine ot
Cpnsueive notice" Seeksto profec the Company
againsthe oufsiders, the painciple of indoos
manage ment openates to paDec the oUsLaess agatn.sf
thepmpany
Thisdoctaine is silver lining o doctaine at
Constoucave notice_
Royal British_Banky. unguand
the dixectors ofa banking company were Cuthoazed
by theaticlec to boxtoud on bonds Such Sums
lot
mAne a_Should faom ime to time b

3. Exam Roll No 19345310389 pape ode 5414303
Topic. Date Page No..
*************
Desolution of the Compan În genesameetinf
authaxized to basaou0 Thedirector gave_abond to
rquand without theauthasity otany Such xesolu-tton
The Sha.xeholdexS claimned tha there had been no Such
be
Desolution authazizing the loan and these-foxe 1
was a ken without theixauthoity Once ituas
found that the directors Could boouo Subyecf toa
esolution T4x9u@nd hael the ight to (onlude
that the necessqry gesalution musE haye been assed.
TEuwas held"thaf Tuxqugnd Could &ee Suethe
Companyon the bond as he was entitled to-
CSSomn thu the hecessary esolution hus been
passed
to
EXCEPHons: The docfoine otindoo manafeme is
Subiect to the follouing exceptions o limitatons
u kbnouwledgeof inoegu lad-Hyin (ase this 'autsider'hac
acua knowledge of iegulaty ithin the tompany
the beretit uhde the uleof indoo manageHent
wouLd no onger be aYailab|eTn fatt he/ohe may
Aelbe Considexed paat of the imegulaniky
chema
(2Negligente TL wh a minimum of eftortthe
inedasi-ties wIthin a Company
the benetit of the ule of indoox mamagemen
Loouldnot pPy The potection of the ule
s alS not availableuhere the cixcumstances
Company does hot make poper inguiay-
Could be disco vesed

4. Exum Ro No 193453/0389 papes (ode52414303
Topic. PageNo.A
ate.... *
(3) Fonqery he xule does nof apply uhexe apensop-
Telesupon a documen tha Lums 0u to be
foxgedSince hothing cun Yalidute tongexyA
(
Company Can nerer be held bound fo fosgea)e
Commied by its officess