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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An Ethical Analysis of Kardell Paper Company Decision Executive Summery The Board of directors of Kardell Paper Company should accept the installation of the new processing technology witch protects the environment by refining the company’s waste water .Implementing this new technology will increase the company’s long- term profitability and reputation by providing enough power and ability to compete and operate efficiently in the future market. This ethical solution is offered‚ after analyzing
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CLIMATE CHANGE AND CARBON TRADING: NEW AVENUES FOR ACTUARIES (Submitted By: Anupam Sharma‚ Deepa Gupta‚ Subhash Goyal‚ Swati Kwatra) Executive summary The increasing risk of Climate change can be measured by the fact that natural catastrophes in 2008 cost the global economy $225 billion‚ which is one of the costliest year in the history of Insurance business. It will have an impact on Insurance sector in terms of changing pattern of mortality‚ more frequent property claims etc. Climate change
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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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with Diamond Car Sales‚ does he should stop his trading. This essay will apply law theory and precedent cases to distinguish john case. The principle of corporate entity was established in the case of Salomon v A. Salomon‚ now referred to as the ’Salomon’ principle Legal The House of Lords’ decision in Salomon v A Salomon & Co Ltd [1897] established the separate identity of the company. Salomon v A Salomon & Co Ltd [1897] AC 22 is a landmark UK company law case. The effect of the Lords’ unanimous
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marginal tax rate that is lower than the company tax rate will pay no tax on a fully franked dividend received‚ and the excess credit can be applied against other assessable income. a. True b. False 7. A company’s liquidity‚ that is‚ its ability to meet its short-term financial obligations‚ may be measured using the current ratio and the liquid ratio. Of the two ratios‚ the latter is the more stringent measure. a. True b. False 8. It can be safely inferred that a company with a low current ratio is a riskier
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An Economic Enquiry into the Causes of the Perceived Asymmetric Price Transmission in Markets for Specific Consumer Goods in Jamaica April 2009 Prepared by The Fair Trading Commission (FTC) of Jamaica Research Team Tom Amonde‚ Ph.D.‚ Competition Analyst (author) Lyndel McDonald‚ Research Officer (research assistant) Kristina Barrett‚ Research Officer (research assistant) Contact Information 52-60 Grenada Crescent‚ Kingston 5‚ Jamaica‚ West Indies Tel: +1.876.960.0120 Fax: +1
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