Question 1 Once the company is successfully registered‚ it becomes a separate legal entity which is different from its directors‚ owners‚ and shareholders. The company could have its own right and asset‚ and also property. Meanwhile‚ the money and resources of the company could only be used for business purpose. Even the directors can’t use the company’s asset for private uses. (Guides to obligations of proprietary limited companies 2012). According to the case‚ the four people want to establish
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Partnership Law So many of you mentioned‚ in your introduction‚ wanting to or having your own business. The question not only becomes what do you want to do in your business‚ but what kind of business are you going to develop? What kind of business you own will affect: Taxes Employment issues Liability issues How the business can be sold Involvement with the state Knowledge needed of local and state laws Need for an accountant and/or attorney Make sure you review Chapter 37 in
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which the law will enforce‚ a contract is a part of common law‚ common law is also called custom law‚ it is made by the judge to protect the community against the crimes‚ when an issue goes to court and there is no statue law that covers it‚ a judge will hear the case and issue a verdict. the record of this verdict becomes a precedent so that when similar cases arise‚ other judges may take into account the penalty previously issues. previous judgements therefore form the basis for common law. it is
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Constitutional Law Notes What is a Constitution? • Constitutional government is a government that as a Constitution which limits the powers of political authorities and is not susceptible to easy modification or abrogation • Constitution as Paramount Law o A law overriding all other laws (laws must comply with the Constitution or will be deemed invalid) Will not be able to be amended through an ordinary statute o Determines the power of each area of government (separation of powers) o
Free Separation of powers Law Supreme Court of the United States
GRADUATE SCHOOL OF BUSINESS STANFORD UNIVERSITY S HR-3 FEBRUARY 1997 HUMAN RESOURCES AT THE AES CORPORATION: THE CASE OF THE MISSING DEPARTMENT Dennis Bakke‚ the CEO of AES‚ a company that develops‚ builds and operates electric power plants‚ sat in his office late in 1996 and thought about the question that was perennially posed to him: could AES‚ soon to have some 25‚000 people located literally all over the world following a recent purchase of power plants in Kazakhstan‚ continue to operate
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CORPORATE LAW AND SECRETARIAL PRACTICES | April 8 2013 | SUBMITTED BY: | INCORPORATION OF GALLANT 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
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Monism and dualism in international law From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search The terms monism and dualism are used to describe two different theories of the relationship between international law and national law. Contents[hide] * 1 Monism * 2 Dualism * 3 Examples * 4 A matter of national legal tradition * 5 The problem of “lex posterior” * 6 References | [edit] Monism Monists assume that the internal and international legal systems form a unity. Both
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Chapter 4 – Constituting Companies (Mini summary relevant for Chapter 22 – Transacting by Companies 1) Legal effect of the internal governance rules s140 states that: “a company’s constitution (if any) and any replaceable rules that apply to the company have effect as a contract: a) Between the company and each member b) Between the company and each director and company secretary c) Between a member and each other member Under which each person agrees to observe and perform ... the rules so
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bankruptcy of a member. The persons mentioned in (iii)‚ (iv) and (v) above do not actually become members until their names are entered in the Register of Members. (Sect.26 (2). Capacity The question of capacity is governed by the general law of contract‚ and anyone who has the capacity to make a contract may become a member of a company. Certain special cases must be considered Minors A minor may be a member of a company unless the articles otherwise provide. Registration of a minor
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Joline Godfrey and the Polaroid Corporation (A) Executive Summary The critical problems Polaroid faced in the “Joline Godfrey and the Polaroid Corporation (A)” case are the lack of structures to support innovations and the absence of mechanisms to develop talents. Polaroid’s business revolved around a single product category‚ which had been under the threat of emerging technologies. The company had retrenched to a narrow focus on profit through cost-cutting and short-term sales promotions
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