The company was established in 1937 by the Deutsche Arbeitsfront‚ the Nazi Trades union organization (Bowler‚ 2015). The company was named Volkswagenwerk‚ or “The People’s Car Company.” because Adolf Hitler has a vision to produce cars for people of the Reich. Hitler proposed that the car should carry 5 people‚ able to run at 62mph (100km/h)‚ and cost only 1000 Reich Marks (around $160) which supposedly affordable for every Reich family (Knorr‚ 1998). His vision made reality by an Australian automotive
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which the Court can order that a company be wound up compulsorily. B.H McPherson defines winding-up as a process whereby the assets of a company are collected and realised‚ the resulting proceeds are applied in discharging all its debts and liabilities‚ and any balance which remained after paying the cost and expense of winding-up is distributed among the members according to their rights and interests or otherwise dealt with as the constitution of the company directs. S213 of the 1963 Act sections
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MISSION STATEMENT: Our goal as a company is to offer not only a wide variety of vehicles to our customers but also to make them the best in their class by exceeding our competitor’s image. We have three different customer groups we try to satisfy: young single adults (18-34)‚ families‚ and adults with retirees (50+). Along with exceeding our expectations from our customers‚ we want to build a stronger company for our future and better our stockholders investment. We will produce our vehicles
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The Companies Act‚ 1956 Sec 1 Short title‚ and commencement (1) This Act may be called the Companies (Amendment) Act‚ 2000. (2) The provisions of this Act‚ other than sections 7 and 75‚ shall come into force at once and sections 7 and 75 shall come into force on such date as the Central Government may‚ by notification in the Official Gazette‚ appoint. Sec 2 Definitions In this Act‚ unless the context otherwise requires‚ (1) "abridged prospectus" means a memorandum containing such salient features
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Available online at www.sciencedirect.com International Journal of Heat and Mass Transfer 51 (2008) 3066–3081 www.elsevier.com/locate/ijhmt Numerical study of film cooled rotor leading edge with tip clearance in 1-1/2 turbine stage Huitao Yang a‚ Hamn-Ching Chen a‚ Je-Chin Han a‚*‚ Hee-Koo Moon b b a Texas A&M University‚ College Station‚ TX 77843‚ United States Solar Turbines Incorporated‚ 2200 Pacific Highway‚ San Diego‚ CA 92101‚ United States Received 28 September 2006 Available
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Case Study: The Last Straw for Aero Engine Firing an employee is the most burdensome task a manager will ever have to face. No matter the reason for the discharge‚ an employee may become angry or defensive and look for someone to blame. If the termination is not handled correctly‚ the company could be exposed to allegations of wrongful termination which could lead to a costly lawsuit. Case Overview This case recounts the story of an employee at Aero Engine who was fired after a supervisor caught
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prefer to work for a large company. Others prefer to work for a small company. Which would you prefer? Use specific reasons and examples to support your choice. The issue whether working for a large company is better than working for a small company is a controversial one. From my everyday experience and observation I think that every option has its advantages and disadvantages. I base my opinion on the following points. From the one side working for a large company brings many benefits. First
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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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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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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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