Incorporated Entities Through incorporation‚ a business entity will becomes a separate legal body. Being a legal body‚ it has its own share of legal rights and obligations‚ the rights and obligation of a company is not equivalent of that to its members. This is to say‚ if the founder of a company retired or leave the corporation‚ it will still continue to exist. Traditionally‚ the law only recognizes nature persons in the position of enjoying rights and owing obligations. However by the process of
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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 Outcomes: Upon completing this course students will be able to: 1. Explain the basic theories about the company‚ its objectives and its role in commerce and society. 2. Explain the nature of companies in legal and economic terms. 3. Explain how companies are formed‚ how they make
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Case Description/Introduction The Tanglewood Company is concerned with companies like Target and Kohl’s creating more direct competition for their company. With that‚ Tanglewood must ensure they set themselves apart from their competitors by hiring the most qualified staff who will deliver memorable experiences to their customers. This exceptional service will guarantee their store will stand apart from their competitors. Identification of Business Strategy/Goals Tanglewood is committed to
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Business Ethics Provisions in company act 2013 with respect to CSR and Corporate Governance Provisions in company act 2013 with respect to CSR and Corporate Governance The long-awaited Companies Bill 2013 got its assent in the Lok Sabha on 18 December 2012 and in the Rajya Sabha on 8 August 2013. After having obtained the assent of the President of India on 29 August 2013‚ it has now become the much awaited Companies Act‚ 2013 (2013 Act). An attempt has been made to
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What’s the Honest Company ? The Honest Company (sometimes Honest) is a consumer goods company‚ co-founded by Jessica Alba‚ that emphasizes non-toxic household products to supply the marketplace for ethical consumerism. The company is projected to do $150 million in 2014 sales and had an anticipated valuation of $1 billion as of November 2014. The company has raised multiple rounds of venture capital and anticipates an initial public offering in the near future. Honest serves the United States and
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AC208 Company Law Assignment Name : Wong Kai Jun Tutorial Group : T14 Tutor : Assoc/P Gan Lay Hong‚ Pauline Company Law Assignment The law requires that directors not take corporate opportunities without the permission of the company. The first part of the essay will touch on the ambit of this duty‚ and then I will go on to discuss whether the law imposes too harsh a burden on directors in this regard. First of all‚ "corporate opportunity" refers to a business opportunity
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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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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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CIMA’S Official Study System Revised edition relevant for 2005/2006 Computer based assessment Certificate Level Business Mathematics Sandra Peers AMSTERDAM BOSTON HEIDELBERG PARIS SAN DIEGO SAN FRANCISCO LONDON NEW YORK SINGAPORE SYDNEY OXFORD TOKYO CIMA Publishing An imprint of Elsevier Linacre House‚ Jordan Hill‚ Oxford OX2 8DP 30 Corporate Drive‚ Burlington‚ MA 01803 First published 2005 Copyright # 2005‚ Elsevier Ltd. All rights reserved No part of this publication
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marginal tax rate that is lower than the company tax rate will pay no tax on a fully franked dividend received‚ and the excess credit can be applied against other assessable income. a. True b. False 7. A company’s liquidity‚ that is‚ its ability to meet its short-term financial obligations‚ may be measured using the current ratio and the liquid ratio. Of the two ratios‚ the latter is the more stringent measure. a. True b. False 8. It can be safely inferred that a company with a low current ratio is a riskier
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