Exceptions to the Doctrine of Indoor Management:
The doctrine of Indoor Management states that a person dealing with a company is deemed to have read and understood its constitutional documents, and is entitled to assume that the internal requirements of the company have been duly complied with. However, there are certain exceptions to this doctrine, which are as follows:

1. Knowledge of Irregularity:
If a person dealing with a company has knowledge of any irregularity or breach of the company's internal regulations, they cannot claim the benefit of the doctrine of Indoor Management. In such cases, the person is expected to make further inquiries and ensure that the transaction is valid.

2. Forgery or Fraud:
The doctrine does not protect a person who has obtained documents from the company by forgery or fraud. If the person is aware or should have been aware of the forgery or fraud, they will not be able to rely on the doctrine to validate the transaction.

3. Public Documents:
The doctrine does not apply to the documents that are available for public inspection. This includes the company's memorandum of association, articles of association, and any other documents that are required to be filed with the Registrar of Companies. Any person dealing with the company is expected to have knowledge of these public documents.

Limitations of the Doctrine of Indoor Management:
While the doctrine of Indoor Management provides certain protections to persons dealing with companies, it also has its limitations. These limitations are as follows:

1. Burden of Proof:
The burden of proving that a person had knowledge of irregularities or forgery lies on the company. It is not sufficient for the company to simply allege that the person had knowledge, they must provide evidence to support their claim.

2. Reliance on Agents:
The doctrine does not protect a person who relies on an agent of the company, knowing that the agent does not have the authority to act on behalf of the company. If the agent exceeds their authority, the person dealing with the company cannot claim the benefit of the doctrine.

3. Ultra Vires Acts:
The doctrine does not validate acts that are beyond the scope of the company's objects as stated in its memorandum of association. If a person deals with the company in a transaction that is ultra vires (beyond the powers) of the company, the doctrine will not protect them.

In conclusion, the doctrine of Indoor Management has exceptions when there is knowledge of irregularity or fraud, and does not apply to public documents. Its limitations include the burden of proof, reliance on agents, and acts beyond the company's objects. Understanding these exceptions and limitations is crucial for both companies and individuals dealing with them.