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 of the four directors in this
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Trading blocs are agreements between governments of countries where they agree to reduce or abolish tariffs and taxes on inter-country trading. While this might seem like a good idea on the surface‚ there are some significant disadvantages for countries joining trading blocs‚ which are also sometimes known as Free Trade Agreements. It�s been long believed by economists and some scholars that the disadvantages of trading blocs outweigh the advantages. Perhaps the main disadvantage of a trading
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STUDENTS CERTIFICATE Certified that this report is prepared based on the term paper project undertaken by me on the topic Liquidation Of A Company‚ under the able guidance of Ms Rashmi Tirpathi in partial fulfillment of the requirement for award of degree of B.Com(H) from Amity University‚ Uttar Pradesh. Date -------------------- --------------- ----------------- ----------------- Ankit Sinha Ms.Rashmi Tirpathi Prof. V.
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Company Law – An Introduction Unit Code: DE5H 35 Outcome 1 Melissa Mackenna-500006315 Context Within this report you will find: 1.1. Introduction 1.2. Terms of Reference 1.3. Sole Traders 1.4. Partnerships 1.5. Corporate Bodies 1.5.1. Private Limited Companies 1.5.2. Public Limited Companies 1.6. Conclusion 1.7. Recommendations 1.8. Appendix 1.1. Introduction The aim of this report is to: Describe the differences in legal personalities and responsibilities between
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To expand the production‚ Furniture Trading Sdn Bhd (FTSB) bought a piece of industrial land with an existing factory building. The cost to buy the land is RM 5 million. FTSB and Oneoff Business Sdn Bhd which is the vendor of the land are carry out a Sales & Purchase Agreement‚ identified as Title No. 1370‚ Lot No. 2469‚ Mukim of Batu‚ Muar‚ Johor. FTSB is financing the RM 4 million which is 80% of the RM 5 million with the Export Bank. Export Bank has take the industrial land with property as a
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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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In Malaysia‚ the Companies Act 1965 (CA1965) is the main legislation leading the formation and operation of businesses. This Act permits to a group of people to form several types of corporate organization called as registered companies. Furthermore‚ this Act also offers services for the incorporation of companies such as regulation‚ formation of relationship between members and creditors‚ management and closing down of the company. Registrar of Companies (ROC) executes and manages control of the
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Marissa Linn 4 November 2014 Period 9 DBQ Essay Merchants and traders have been extremely influential carriers of culture all throughout history. Whether or not they approved of it‚ both Christianity and Islam have been influenced by trade‚ helping the religions expand and gain more followers and power. Without trade‚ it is rather likely that the religions would not be as widespread as they are today‚ possibly never flourishing at all. Despite these facts
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TATA GROUP OF COMPANIES The Tata Group (Marathi: टाटा समूह) (Hindi: टाटा समूह) is a multinational conglomerate company headquartered in Mumbai‚ India. In terms of market capitalization and revenues‚ Tata Group is the largest private corporate group in India. It has interests in steel‚ automobiles‚ information technology‚ communication‚ power‚ tea and hospitality. The Tata Group has operations in more than 85 countries across six continents and its companies export products and services to 80 nations
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