Comment on the following: Acts going beyond the memorandum of association are ultra vires.

The Memorandum of the company should state the objects for which the company is proposed to be incorporated and any matter considered necessary in furtherance thereof; The objectives of the company may be categorized as the main objects to be pursued by the company on its incorporation; subjects incidental and ancillary to the attainment of the main objects; and other objects not included in (i) and (ii) above. An act beyond the objects mentioned in the memorandum is ultra vires and void and cannot be ratified even by all members of the company. There is no restriction on objects except it should be legal and lawful.