Disadvantages of incorporation Lifting the corporate veil Lesson 2: memorandum of association Meaning and importance The purposes of memorandum The contents of memorandum The alteration of the memorandum Doctrine of ultra vires Lesson 3: articles of association Meaning of articles of association The contents of articles of association Alteration of articles of association The constructive notice of memorandum and articles 2 The doctrine of indoor management The rule royal
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historical source for the requirement of writing is the English STATUTE OF FRAUDS 1677‚ which found its way into the law of most common law jurisdictions -No action should be brought on contracts of particular types unless the agreement or some memorandum or not the agreement was in writing and signed -Designed to prevent fraudulent claims being made on the basis of false evidence (Was created at a time where a party could pay a witness to provide a false testimony of a verbal agreement between
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namely the registration of the Memorandum of Association and the Articles of Association. The contents of these are now regulated under the Companies Act 1985‚ and form the "constitution" of the company. It is from the original 1844 Act that the wording was adopted for s.14 of the Companies Act 1985 which makes reference to the contractual nature of the memorandum and articles between the company and its shareholders. "Subject to the provisions of this Act‚ the memorandum and articles‚ when registered
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Memorandum to Team Committee DIGIFAST CORPORATION MEMORANDUM TO: Project Committee Team Members FROM: Jeannette Razzo‚ Project Manager DATE: July 4‚ 2008 SUBJECT: Why Digifast needs a childcare center Lately I have heard people talking about issues that they are having with working late and not having enough time or energy to spend with their children. I have also hear of talking that mothers are having a hard time being away from their children.
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company Types of Company Companies by liability S. 14(2) Companies Act 1965 provides 4 types of companies by liability:a. A company limited by shares; └ S4 company formed on the principle of having the liability of its members limited by the memorandum to the amount (if any) unpaid on the shares respectively held by them └ Liability of a member of this company will depend on whether his shares are fully paid or not └ If holds fully paid shares‚ has no further liability to the company. (If
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Tax & Federal Excise) The post of Superintendent‚ Customs & Federal Excise (under the Federal Government) was placed in National Pay Scale No.16 of Rs.400-35-750/50-1000 introduced vide Government of Pakistan‚ Ministry of Finance’s Office Memorandum No.F.1(36)GAZ-IMP.1/73 dated 18.08.1973 read with Annexure thereto. Since then it is existed in the same scale of pay whereas the same post existed in Pakistan Rangers in placed in BS-18. Similarly the post of Superintendent of Police in Islamabad
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guarantee and not having a share capital‚ every provision in the memorandum or articles or in any resolution of the company purporting to give any person a right to participate in the divisible profits of the company otherwise than as a member shall be void. (2) For the purpose of the provisions of this Ordinance relating to the memorandum of a company limited by guarantee and of sub-section (1) every provision in the memorandum or articles‚ or in any resolution‚ of a company limited by guarantee
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Resource for Employment Law Compliance Plan of Bollman Hotels Crystal G. Perez HRM 531 April 26‚ 2015 Lisa Stalford Employment Law Compliance Plan of Bollman Hotels Crystal G. Perez HRM/531- Human Capital Management 04/30/2015 Lisa Stalford Memorandum To: Mr. Galvan‚ Manager From: Crystal G. Perez Date: April 30‚ 2015 Subject: Employment Law Compliance Plan – Bollman Hotels Introduction I have prepared an employment law compliance for the human resource representative for Bollman Hotels for
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MEMORANDUM OF AGREEMENT This Memorandum of agreement for Distributor Modern Trade is made at Bangalore on this Fifth day of April Two Thousand Thirteen [05-04-2013] by & between AND Shanmurequires be deemed to include its successors‚ assigns‚ heirs other directors‚ representatives etc.‚) WHEREAS ADVAITH BIO REMEDIES 1. Is the owner of some Trade Marks and Brands relating to Ayurvedic Medicines and Therapeutic
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processing of food. And since Olympic Foods will soon celebrate its 25th birthday‚ we can expect that our long experience will enable us to minimize costs and thus maximize profits.” Discuss how well reasoned . . . etc. The following appeared in a memorandum from the business department of the Apogee Company: “When the Apogee Company had all its operations in one location‚ it was more profitable than it is today. Therefore‚ the Apogee Company should close down its field offices and conduct all its operations
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