The Joint Stock Companies Act 1844‚ which enabled companies to be formed by "deed of settlement" and the Limited Liability Act 1855‚ established a general incorporation procedure which offered limited liability to shareholders and gave recognition to the company as a separate legal persona. By the Joint Stock Companies Act 1856‚ the deed was replaced with today’s style of constitution‚ namely the registration of the Memorandum of Association and the Articles of Association. The contents of these
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employee for better (or worse) treatment than the others. A poor supervisor has favorites. Sometimes she’ll even use her favorites to spy on other employees. She expects them to tell her what the others are saying about her. This can cause a lot of bad feelings among employees. A good supervisor gives clear and understandable directions‚ She doesn’t constantly change her mind about what she wants employees to do. She also doesn’t get angry with an employee who is confused and needs her to explain
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What is MNC’s: A corporation that has its facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralized head office where they co-ordinate global management. Very large multinationals have budgets that exceed those of many small countries. Sometimes referred to as a "transnational corporation" A multinational corporation (MNC) or multinational enterprise (MNE) is a corporation
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successful. It’s tempting to avoid restating the basics‚ but the truth is‚ we all forget them from time to time. Dating is about two people coming together to get to know one another and find out whether they are compatible‚ then enjoying each other’s company and eventually forming a close bond. During this process‚ there are some important guidelines you should remember: • Dating should always be fun‚ and it’s as much your responsibility as it is your partner’s to ensure that it is. When you’re dating
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company2.1 Reservation of company name | 44 | 3.0 | Documents required to be lodged to form a company3.1 Memorandum of Association3.2 Article of Association | 555 | 4.0 | Company’s promoters | 6 | 5.0 | Natures of the company5.1 Company as a body corporate5.2 Can sue and being sued5.3 Perpetual succession5.4 Ability to own property5.5 Limited liability for its members | 8910101112 | 6.0 | Types of company6.1 Company limited by shares6.2 Company limited by guarantee6.3 Company limited by both shares
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Joint Stock Company Company A company is an artificial person created by law‚ having a separate legal entity‚ with a perpetual succession and a common seal. It is an association of individuals for the purpose of earning profit. It has a capital divided into a number of shares‚ of which each member possesses one or more shares and which are transferable by its owners. Joint Stock Company has been defined by many eminent authors‚ jurists and institutions. Some of these definitions are
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Insurance Companies in Pakistan I. Public sector 1. National Insurance Corporation http://www.nicl.com.pk/ 2. Pakistan Reinsurance Company Ltd. 3. Postal Life Insurance 4. State Life Insurance Corporation Ltd. II. Private sector a) Incorporated in Pakistan 1. Adamjee Insurance Company Ltd. 2. Agro General Insurance Company Ltd. 3. Allianz EFU Health Insurance Company Ltd. 4. Alpha Insurance Company Ltd. 5. Amercian Life Insurance Company Ltd. 6. Asia Insurance Company Ltd. 7
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DEFUNCT COMPANY UNDER SECTION 308(1) OF THE COMPANIES ACT 1965 DURING MORATORIUM PERIOD (3 MARCH – 30 JUNE 2011) This guideline serves to inform the procedures and requirements for the application to strike off names of defunct companies under section 308(1) of the Companies Act 1965 (CA 1965) during moratorium period. BACKGROUND 2. The Companies Commission of Malaysia (SSM) has on 11 January 2007 issued a set of guidelines for the application to strike off the name of a company pursuant
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will be able to: 1. Explain the concept of the corporation 2. Outline the development of company law in England and Australia 3. List the various types of corporation 4. Describe the Corporations Law scheme. 5. Outline the recent reform of company law in Australia 6. Explain the need for the introduction of the Corporations Act 2001 Chapter 1 Historical Development of Company Law Chapter Summary 1 THE CONCEPT OF THE CORPORATION A corporation is a body created by
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Winding up of Company: Winding up of a company is the process whereby its life is ended and its property administered for the benefit of its creditors and members. An administrator called a liquidator‚ is appointed and he takes control of the company‚ collects its debts and finally distributes any surplus among the members in accordance with their rights. Kind of Companies can be wound up: Only a limited company can be wound-up. The term "winding-up" (or "wound-up") bears a similar meaning of
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