Ltd suffered from financial 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
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WILKERSON COMPANY Contents EXECUTIVE SUMMARY: Wilkerson Company a supplier of products to manufacturers of water purification equipment is facing an apprehension because competitors had been reducing prices on one of the company’s main product line pumps. The president of Wilkerson Company Robert Parker was discussing operating results of the previous month with controller and manufacturing manager. The product lines for the Wilkerson are pumps‚ valves and flow controllers
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Company mergers and the effect on employees and consumers. Context: · Employees · Management · Consumers Direction: · On-line research (On-line Magazines‚ News Groups) · Human Resources Why the topic is important: · Mergers have affected our group‚ and it is a growing trend in the American businesses today. Relevant Terms: Merger A merger is achieved when a company purchases the property of another firm‚ thus absorbing them into one corporate structure that retains its original identity
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FORMATION OF A COMPANY I. Promotion : Refers to the entire process by which a company is brought into existence. It starts with the conceptualisation of the birth a a company and determination of the purpose for which it is to be formed. The persons who conceive the company and invest the initial funds are known as the promoters of the company. The promoters enter into preliminary contracts with vendors and make arrangements for the preparation‚ advertisement and the circulation of prospectus
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doing so. Indian business companies are presently busy expanding their current business portfolios. ITC introducing the dark fantasy range in biscuits to compete with Britannia forcing it to revamp Pure Magic and Bourbon. Product innovation taken by the FMCG companies has put their competitors to think and do something similar to hold a safe place in the market. We have seen in the recent past how Knorr soup of the HUL had captured the market‚ with introducing soups that could just be made by adding
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across the country with 255 service outlets. Manned by customer friendly and informed sales persons‚ Sony’s exclusive stores ‘Sony Center’ are fast becoming the most visible face of the company in India. A distinctive feature of Sony’s service is its highly motivated and well-trained staff that provides the kind of attentive and sensitive service that is rare today. Sony is committed to ensuring that both the products and the marketing activities employed truly make a difference to
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1. What is Tractor Supply Company’s growth strategy? What retail mix does TSC provide? They call themselves the growing company. They want to increase traffic and sales through constant improvements‚ so they invest in every aspect and they are focused on everything‚ not just how to sell and make a profit. They want their customers to be happy and come back again. TSC have their own goals and strive towards it constantly‚ and therefore they are in a growth phase. Their growth strategy is to give
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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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The founders of Nau‚ a fledgling retail outerwear company‚ believed the answer to this question to be a resounding “Yes.” Built with an unprecedented level of environmental‚ social‚ and human-rights consciousness‚ by April 2008 Nau was an underground success on the West Coast‚ opening five stores and a website selling critically acclaimed clothing collections. Then‚ at the beginning of May‚ Nau’s board of directors voted to shut down the company. Viewed through Innosight’s lenses‚ Nau’s promise
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founded in 1988‚ is a private television company in India. It was founded by Prannoy Roy‚ an eminent journalist and current chairman and director of NDTV Group. NDTV currently has more than 1‚000 employees producing news from over twenty plus locations in India. NDTV is among India ’s top broadcasters and has twenty-three offices and studios across the country. Its three national news channels NDTV 24/7‚ NDTV India and NDTV Profit form the core of the company. With its foray into infotainment channels
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