Author name: KnowGro

The term “Alter Ego” is a Latin word which means the “Other I”. It is an accepted fact that a company is a distinct legal entity separate from its shareholders and directors. By virtue of this common law principle, shareholders and directors are shielded from debts, civil and criminal liability against the company. However, the notion of alter ego allows for a legal exception to this presumption. The Doctrine of Alter Ego forbids the company shareholders and directors from seeking protection under the doctrine of a separate legal entity. The Doctrine of Alter Ego can be used to lift the corporate veil between the directors/shareholders and the company to treat both as one entity.

Two fundamental doctrines that often come into play are the Doctrine of Constructive Notice and the Doctrine of Indoor Management. These doctrines serve as pillars of corporate governance, ensuring a balance between transparency and practicality. In this comprehensive guide, we will explore the differences, implications, and relevance of these two doctrines in the modern business world.

In the complex world of corporate law and governance, the Doctrine of Ultra Vires holds a significant place. Latin for “beyond the powers,” this doctrine deals with actions taken by a corporation that exceed its legal authority or powers as defined in its charter or articles of incorporation. In this comprehensive guide, we will delve into the intricacies of the Doctrine of Ultra Vires, its historical context, and its implications in modern corporate law.