Joint Stock Company form of business organization has become extremely popular as it provides a solution to (2) overcome the limitations of partnership business. The Multinational companies like Coca-Cola and‚ General Motors have their investors and customers spread throughout the world. The giant Indian Companies may include the names like Reliance‚ Talco Bajaj Auto‚ Infosys Technologies‚ Hindustan Lever Ltd.‚ Ranbaxy Laboratories Ltd.‚ and Larsen and Tubro etc. 1.2 MEANING OF COMPANY Section
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2011 World’s Most Ethical Companies The Ethisphere Institute‚ a leading international think-tank dedicated to the creation‚ advancement and sharing of best practices in business ethics‚ corporate social responsibility‚ anti-corruption and sustainability‚ announced the official unveiling of the 2011 World’s Most Ethical Companies. This year’s honorees have gone above and beyond to prove business ethics are paramount to the success of a company’s brand and bottom line. In its fifth year‚ the World’s
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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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Model Answer- Participant Observation One strength of using participant observation to investigate the idea that ethnic minorities are treated differently within the education system is that it allows the researcher to join in. They will be placed in the same situation that teachers find themselves in routinely‚ which will allow them to see things through the teachers eyes. This means that the researcher will be able to see things from the same perspective as teachers. This would allow the researcher
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Restrictions on freedom will inevitably lead to conflict| Rosie Liberow As a young child‚ I always wanted to be bigger‚ older and wiser. I dreamed of being in high school‚ or being a perfect well dressed secretary working in an office. Yet they say time flies when you’re having fun‚ but it seems now that I yearn for those times again‚ those boundaries and limitations. Freedom is daunting; the world is big and dangerous and I often find myself wishing I was young again. For me‚ the liberty I do have
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The objective of this research is to investigate and analyse the importance of multinational enterprises (MNEs) to have consideration about culture differentiations in Human Resource (HR) practices when they are expanding or starting their business in host countries. The dimensions of culture and the categories of functional HR practices will be briefly outlined at the beginning. After that‚ this study will analyse the importance of cultural involvement in HR practices‚ and its two main reasons
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In philosophy‚ egoism is the theory that one’s self is‚ or should be‚ the motivation and the goal of one’s own action. Egoism has two variants‚ descriptive or normative. The descriptive (or positive) variant conceives egoism as a factual description of human affairs. That is‚ people are motivated by their own interests and desires‚ and they cannot be described otherwise. The normative variant proposes that people should be so motivated‚ regardless of what presently motivates their behavior. Altruism
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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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If they are to conduct the Smallco Graphics business through a company‚ a very significant of the advantages will be the separate legal entity‚ which means that from the view of the law‚ a company is treated as a separate person. Hence‚ the debts of the company will be limited to the amount remaining unpaid on the members’ shares. This is also called “limited liability” of the members. Apart from the limited liability‚ a company has a perpetual succession‚ meaning that it is a continuing entity
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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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