BT20403/Company Law Business Entities: Company Law Topics covered: Types of Company Formation of a company; • Promoters Pre-Incorporation Contract • Memorandum and Articles of Association Inconsistency between the object and the company’s activities Upon incorporation: • Company is an artificial legal person • Separate legal entity Lifting the corporate veil scs&ismk/company law CONT. 2 The Effect of Incorporation • Memorandum of Association & Articles of Directors’
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CHEMICALS | INCORPORATION OF GALLANT CHEMICALS: MEMORANDUM OF ASSOSIATION: THE COMPANIES ORDINANCE‚ 1984 (PRIVATE COMPANY LIMITED BY SHARES) MEMORANDUM OF ASSOCIATION OF GALLANT CHEMICALS PRIVATE LIMITED 1) The name of the Company is "GALLANT CHEMICALS PRIVATE LIMITED." 2) The Registered Office of the Company will be situated in the province of BALOCHISTAN. 3) The objects for which the Company is established are: * To carry on the business of manufacturers‚ producers
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P1: OTA c01 JWBK501-Kettell May 30‚ 2011 12:46 Printer: Yet to come 1 Case Study 1: Ijara Contract 1.1 LEARNING OUTCOMES After working through Case Study 1 you should be able to do the following: PY R IG HT ED MA TE RI AL r Define the Ijara contract. r Define the Ijara wa Iqtina contract. r Distinguish a conventional loan from Ijara. r Describe the elements of an Ijara transaction. r Contrast Ijara with the other modes of Islamic finance. r Identify
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Ferociously‚ the wind tears at the great dunes with its vicissitudinous talons‚ raising beige apparitions from the earth. A tyrannical ball of fire rises from beyond the horizon and the thin‚ misty clouds‚ melting away the last vestiges of the darkness from before and showering its radiant blankets upon everything underneath. From below the uppermost layer of sand pokes the skeleton of a dead thing‚ long sapped of its life force‚ doomed to remain an eerie relic of what once was. Across the golden
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VERONA- A few nights ago‚ a party was organized by the Capulet family. We are not sure exactly why but we have learnt from Lord Capulet it is something they celebrate every year. As we are all aware‚ the two families are well known because of their huge grudge against each other that has been going on for years. So of course‚ the Montagues were excluded from this event. The Capulet’s were high in hope that Juliet will fall in love with Paris. Servants rushed around preparing the evening‚ lighting
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AWARENESS ON SECOND HAND SMOKE AND HOW IT AFFECTS HEALTH By: Manabat‚ Leandro Mari Monteverde‚ Angelo Seigfreid Paglinawan‚ Al Mayo Sandino Pedero‚ Miguel John Pile‚ Kevin Timothy 3LM1 Submitted to: Prof. Jefferson Aquino Faculty of Arts and Letters University of Santo Tomas Oct. 5‚ 2011 Abstract The purpose of this study is to know whether or not the students of the University of Santo Tomas are aware of second hand smoking and how it affects
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The concept of fiduciary obligations or duty is one of the most important areas in Australian law. In this project‚ I will try to illustrate and explain the duties in three kinds of relationships including the relationship between a director and a company‚ the relationship between the promoters and the corporation and the relationship between business partners. In each relationship‚ what kinds of the fiduciary duties should be performed is elaborated in details. The aim of the project is to help the
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usually do not look behind ‘the veil’ to inquire why the company was formed or who really controls it. However‚ in some situations the veil is pierced so as to render officers criminally liable for their company’s breaches of the Act. Explain clearly statutory exceptions where the court would lift the veil of incorporation. The required characteristic of a company is that it exists as a separate legal entity from its members of the company. The separate legal entity was authoritatively established
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the low administration requirements compare to form a company. Disadvantages The first major disadvantage is for partnership there are unlimited liability for Andy and Zara. The second major disadvantage is there is no separation between Andy and Zara to manage and control the business. ii) Advantages: The first major advantage is the company has limited liability for shareholders. The second major advantage is the share of the company allow for transfer and expansion. Disadvantages: The
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Limited(the directors are same in both of the companies according to the article of Y Limited) with the breach of pre-incorporation. After the incorporation of association company comes in existence‚ and starts its business after that. Before incorporation company have no legal existence‚ and if enters into an agreement in the name of company before incorporation‚ the agreement would not be valid. The corporate personality with separate legal identity of company confirms about the limited liability of
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