Facts: Mick‚ Keith‚ Charlie‚ Bill and Brian were directors and equal shareholder of Big Lips Music Pty Ltd. Brian resigned his directorship as a result of differences with Mick‚ Keith‚ Bill and Charlie. The others wanted to get rid of Brian as a shareholder. However‚ Brian told them that he would never sell his shares in Big Lips Music. A general meeting of Big Lips Music’s shareholders is called at which there is a motion to insert a new clause in the company’s constitution that gives Mick
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Title Corporate Governance Assignment Topic Governance at the St. Lucia Electricity Services Limited Executive Summary This report was written to the Chairman of the St. Lucia Electricity Services Limited – Mr. Trevor A. Byer. St. Lucia Electricity Services Ltd principal activities consist of the generation‚ transmission and distribution of electricity. This The Company has been the sole commercial supplier of electrical energy in Saint
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Hong Kong Institute of Vocational Education Corporate Law and Practice (ACC4106) 2014-2015 Continuous Assessment Assignment Task: Company Law in Practice Understanding a listed company in Hong Kong Class: BA124001/2B Name: Chan Choi Nog (130257408) Chan Yin Ting () Chu Tsz Ting (130153619) Lai Ka Fai () Siu Lok Man (130240174) Q2 (a) Firstly‚ GLL can issue share to raise fund. The company can have private placing to issue share. It can negotiate with individuals who have prior approval
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Faculty of Law COURSE OUTLINE Unit Code: LAW 2302 Unit Title: Law of Business Associations II Academic Year: 2013/2014 Semester: September 2013 Lecturer: Dr. L. M. Musikali Email: lmusikali@gmail.com Purpose of the Course: The purpose of this course is to introduce students to the main features of the company law of Kenya and to enable students to understand and critically analyse the ways in which company law balances the interests of different groups represented within the company. Learning
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1 Sources of Company Law 1.1 W HAT IS COMPANY LAW? For the last century and a half a complex body of legislation called the Companies Acts has declared that if anyone presents to Companies House the documents required to form a ‘company’‚ the Registrar of Companies will issue a Certificate of Incorporation stating‚ like a birth certificate‚ that a new person‚ a ‘limited company’‚ has that day come into being. This robotic person‚ ‘owned’ by its shareholders‚ has no arms or legs‚ nor even
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Did the New Deal Lead to the Road to Recovery? Approximately 75 years ago‚ President Franklin D. Roosevelt created and implemented the “New Deal” in an effort to jump-start the economic recovery after the devastating effects of the Great Depression. Major public works projects were designed to remove people from the unemployment rolls‚ and social programs were started that supported the elderly and the poor. In spite of the apparent improvements that resulted‚ the New Deal did not end the depression
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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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COMPANY LAW – EXAM NOTES Incorporation and Its Effects S117 - All companies must register with ASIC S118 – All companies must have a Number S119 – Once the company is registered with ASIC‚ the company has a separate legal existence. Separate Legal Entity The separate legal entity notion is shown in Salomon v Salomon where a company shareholder is limited to the amount of share capital they have contributed and they can not be held personally liable for the dealings of the company. This notion of
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COMPLAINTS Units Covered: SCH34 – 2.3 3.1‚ 3.2 Where is the information stored in the workplace? Has the policy/information been reviewed? Yes Has there been any identified changes? NoWhat? Summarise your current Legislation/Guidelines/Procedures: Include: What issues could cause conflict? How would you respond and what action would you take? Who would you contact for support and advice? Example of potential conflict or dilemma: A child wants to go outside and play‚ but it is raining and
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| Commercial applications of company law CONTENTS 1. INTRODUCTION ................................................................................ 2 2. ISSUES ………………………….................................................... 2 3. ARGUMENTS OF THE DIRECTORS FOR THEIR DEFENCE.................... 2‚ 3 4. ARGUMENTS PUT BY ASIC AND THE COMPANY............................ 3‚4 5. BREACH OF DUTIES...........
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