Which one of the following statements is correct ........

Companies Act-Phase (I & II) Board-powersandMeetings

Which one of the following statements is correct?

A company can never have unrestricted objects.

Where a director acts without authority from the Board of Directors, all transactions entered into with third parties will be void.

Where a director acts outside or beyond the powers given to him by the company, all transactions entered into with third parties acting in good faith will be voidable by the company.

Where a director acts outside or beyond the powers given to him by the company, all transactions entered into with third parties acting in good faith are deemed to be free of any limitations under the company's constitution.

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Explanation:

Protection for third parties acting in good faith is given by the Companies Act 2006 s40. All transactions with third parties acting in good faith are deemed to be free of any limitations under the company's constitution. If the transaction is with a connected person then the transaction is voidable by the company.