INTRODUCTION In common usage‚ ‘Company’ means an association of persons associated for some common purpose. The common object may be business‚ charity‚ research etc. The persons are united for achieving a common objective‚ normally‚ for earning profits‚ which are shared by the investors. Definition of Company: Section 3 (1) (i) of the Companies Act‚ 1956 defines a company as: “A company registered and formed under this Act or an existing company.” The above definition does not give clear
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Ltd suffered from financial crisis in the mid-2009‚ while during this time‚ the board of directors makes a decision for declaring a dividend to members‚ and‚ consequently‚ the company went into bankrupt shortly afterwards the dividend is paid. The legal issue that needs to be identified is whether the directors of the company have breached the relevant law in relation insolvent trading. Afterwards‚ it is significant to ascertain whether there are any defences which are available to them‚ because all
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Charter Company 1. Calculate the following ratios for each year during the period 1980-1983. Comment on the trend indicated by each ratio with respect to the financial performance and condition of the Charter Company. A) Profitability: ROTA = EBIT/total assets 1980 = 145485/[(1728694+1746260)/2]= 8.37% 1981 = 155673/[(1541326+1746260/2] = 6.45% 1982 = 108180/[(1628046+1541326)/2] =6.83% 1983 = 133896/[(1813199+1628046)/2]=7.78% B) Turnover: Accounts Receivables turnover ratio = Net
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Nestle is the world’s leading food company‚ with a 140-years history and functions in every country in the world. Nestle is a global organization of many cultural groups‚ religious working together in one single unifying corporate culture. The company’s 96% is focus on food and drink. It stated aim to be number one in all its product lines‚ which contain infant nutrition‚ chocolate milk‚ coffee‚ confectionery and dairy‚ bottled water‚ pet foods and ice cream. Nestle’s strongest corporate
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sort of companies inside each industry. Starting from the growth industry I chose Yogen Fruz witch is an uprising company‚ that right now is expanding inside Puerto Rico opening new stores all over the metropolitan area. Yogen Fruz have their star product witch is obviously the yogurt‚ a no fat no sugary option for dessert‚ that attracts all kind of people that want to keep in shape but still enjoy sweets‚ specially people with diabetes and hypoglycemia. The major threats for this company can be the
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operational excellence in every corner of the Company and meet or exceed our commitments to the many constituencies we serve. All of our long-term strategies and short-term actions will be molded by a set of core values that are shared by each and every associate. American Financial Group‚ INC Great American Financial Resources‚ Inc. 250 East Fifth Street Cincinnati‚ OH 45202 Description American Financial Group‚ Inc.‚ also known as AFG‚ is an insurance company that deals primarily in property and
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COMPANY ACT 1965 It was mention in paragraph one that both Encik Zayed and Puan Hashimah does not familiar with provision of company act 1965 and the duties their roles and duties as Company Directors. According to section 122 (1) every company shall have at least two directors‚ who each has his principal or only place of residence within Malaysia. So they follow the provision of section 122(1) which is mention about at least 2 directors and both of them are the directors of the company. For their
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[Name]: Yong Yee Luenn [Student ID]: TP 022725 [Intake number]: UC2F1210AF [FI] [Module code]: BM054-3.5-3-CL [Subject code]: Company Law [Lecture’s name]: Nadiah Suki [Assignment title]: Individual assignment [Submit date]: 15th January 2014 Table of Content Title Page Case Reference 3 Question 1 4-6 Question 2 7-8 Question 3 9-10 Reference 11 Case Reference 1) Salomon v. Salomon & Co. Ltd 2) Symington v. Symington’s Quarries Ltd 3) Daimler Co Ltd
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Company Law 1) Explain the background to the case Salomon vs. Salomon. Mr. Salomon was a leather merchant in a large establishment. Solomon converted his business into a limited company as Solomon and Company limited with his wife and five children becoming members. Each member took one £1 share each. The company bought the business for £39‚000. Mr. Salomon subscribed for 20‚000 further shares. The company also gave Salomon £10‚000 in debentures (i.e. Salomon gave the company a £10‚000 loan
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Policy XYZ Company is committed to a work environment in which all individuals are treated with respect and dignity. Each individual has the right to work in a professional atmosphere that promotes equal employment opportunities and prohibits unlawful discriminatory practices‚ including harassment. Therefore‚ XYZ Company expects that all relationships among persons in the office will be business-like and free of bias‚ prejudice and harassment. It is the policy of XYZ Company to ensure equal
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