The Law of Partnerships: Scott Osborne The applicable law: Partnership Act 1892 (NSW) The relevant law is contained in the Partnership Act (PA) of each of the jurisdictions. All are based on the PA (1890) UK Act. The contractual nature of Partnerships Partnerships are essentially contractual. Defining a Partnership [s.1 PA 1892 NSW] The PA defines a partnership as “the relation which exists between persons carrying on a business in common with a view of profit” Partnerships
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of a joint-stock company is often synonymous with incorporation (i.e. possession of legal personality separate from shareholders) and limited liability (meaning that the shareholders are only liable for the company’s debts to the value of the money they invested in the company). And as a consequence joint-stock companies are commonly known as corporations or limited companies. Different Ways of the Winding up of the Joint Stock Company: Winding Up of A Company: The company is created by law‚ when
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------------------------------------------------- Parle-G From Wikipedia‚ the free encyclopedia Parle-G biscuit Parle-G or Parle Glucose is a brand of biscuits manufactured by Parle Products in India. As of 2011‚ it is the largest selling brand of biscuits in the world according to Nielsen.[1] Contents [hide] * 1 History * 2 Marketing * 3 References * 4 External links ------------------------------------------------- History[edit source | editbeta] Parle Products was
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Introduction: Square Pharmaceuticals Ltd. (SPL) has been the trendsetter in Bangladesh Pharmaceutical Market since its inception in 1958. Over the last decade SPL actually rose to a new standard moving beyond manufacturing quality medicines to win mindshare of patients‚ physicians‚ shareholders‚ business partners‚ and communities where we work and live. Our dedication to add more value to the common wealth of the society compounded by innovative strategies for
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CHOOSING A LEGAL FORM OF BUSINESS Choosing a Legal Form of Business Dannie L Holmes CHOOSING A LEGAL FORM OF BUSINESS Abstract Many of us probably have the thought of becoming an entrepreneur. With this thought comes many questions and you must have a plan. Let us say that you have an idea for a new kind of home appliance. You are convinced that this new technology idea would be applicable in a wide range of other products. With this idea in mind you have a few
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legal documents; 5. Open membership: The membership is open to any person in any part of a country. It means anybody can become a shareholder of the company by purchasing the required number of shares of the company; 6. Limited liability: The liability of shareholders is limited to the nominal value of the shares held by the shareholders; 7. Free transferability of shares: The shareholders have liberty to transfer or sell their shares to any person and this transfer or sale has to be effected as
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Tours and Travel Limited UNIT: Systems Dynamics and Corporate Strategy UNIT CODE: HCB 3221 LECTURER: Dr: Fred Mugambi Mwirigi PRESENTED BY: COLLINS KIPRONO REGISTRATION NUMBER: 0539/2010 Term paper submitted to the School of Human Resource Development in partial fulfillment of the Degree of Masters of Business Administration in the Jomo Kenyatta University of Agriculture and Technology. November‚ 2011 Introduction Safari Tours and Travel Limited is a medium sized
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BUSINESS Literally‚ the word “business” means the state of being busy. Generally‚ the term business includes all human activities concerned with earning money. In other words‚ business is an activity in which various persons regularly produce or exchange goods and services for mutual gain or profit. The goods and services produced or purchased for personal use are not included in “business”. Business is an economic activity‚ which is related with continuous and regular production and distribution
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vehicle tyres are manufactured annually.The industry is ominated by 4 players-MRF‚ APOLLO‚ J.K and CEAT. Ranking of Indian tyre companies on the basis of production 1. MRF Tyres Limited 2. Apollo Tyres Limited 3. JK Tyres Limited 4. CEAT Tyres Limited 5. Birla Tyres Limited 6. Good Year India Limited 7. Vikrant Tyres Limited Indian tyre manufacturing companies are re-engineering their business and looking at strategic tie-ups world wide. The future is expected to see many strategic alliances among
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with the intent to make a profit‚ they are more often than not professional bodies such as lawyers etc. Private Limited Companies – More structured than a partnership and must have 2 or more shareholders. It is a corporate association therefore the company has its own legal identity separate from the people who own it. Public Limited Companies – These are larger than private limited companies mainly due to their ability to sell shares to the general public on the stock market‚ which generates greater
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