the company is successfully registered‚ it becomes a separate legal entity which is different from its directors‚ owners‚ and shareholders. The company could have its own right and asset‚ and also property. Meanwhile‚ the money and resources of the company could only be used for business purpose. Even the directors can’t use the company’s asset for private uses. (Guides to obligations of proprietary limited companies 2012). According to the case‚ the four people want to establish a company which
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Citing our textbook material‚ should we define minorities in terms of gender as well as race and ethnicity? Defend your response. The idea that most people have for the United States as a country is for everyone to be equal. I honestly have no idea how this would ever happen. When it comes to being able to vote‚ or our freedom of speech‚ or the second amendment‚ yes I believe that everyone should be equal in having these rights. Things such as the laws and bill of rights should be equal to every citizen
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ACW 204/3 COMPANY LAW AND SECRETERIAL PRACTICES SEMESTER 1 ACADEMIC SESSION 2012/2013 LECTURER: DR. HAZRIL IZWAR IBRAHIM PREPARED BY: NAME MATRIC NO. CHEE HUI JUN 114071 GOH XIAO YUING 111912 KOK JE SEN 111919 LEE CHIA YEE 111921 TOH SHER LYNN 111987 YEOH LI YEN 111996 1. “Incorporation is the bedrock upon which Company Law is built.” Incorporation means the process of legally declaring a corporate entity as separate entity from its owners. Incorporation
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study of company law I. Sarah’s business act and Richforth Ltd. constitution A company is a legal entity that is separate and distinct from its members and shareholders. When a company is legally formed‚ it has become ‘incorporated’ (Wild and Weinstein‚ 2009). As a legal person‚ a company must act in compliance with existing laws and in accordance with the terms of its constitution. Section 33 (1) of the CA 2006 provides: “The provisions of a company’s constitution bind the company and its
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Companies and Securities Law Assignment Venture Pty Ltd‚ which uses the Replaceable Rules for its Constitution‚ is a small proprietary company originally. As it is growing fast‚ the shareholders are all on the Board and they all have a number of complicated transactions with the company. Many of them are suppliers to the Company and most of them have loans or finance of some sort with the Company. The business is growing so fast that the original type and structure of the company may hinder the
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Resit Coursework 2008/09 Answer the following question In January 2009‚ Adam began preparations to form a company to bid for a contract to provide security services at the new Wembley stadium. The company would be called ‘Fortress Ltd’. In February 2008‚ Adam received a loan of £10‚000 from Pioneer Bank to finance the proposed company’s bid for the contract. A clause in the loan agreement stated: “By this agreement made between you ‘Fortress Ltd’ and ourselves‚ we ‘Pioneer Bank’ agree to lend
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Jusik Hoesa (Stock Company) Jusik Hoesa is the only form of corporate entity that is allowed to publicly issue shares. The vast majority of corporations in Korea chose the Jusik Hoesa corporate form. It is also the most common corporate form that foreign companies chose for their subsidiaries. 2. Yuhan Hoesa (Limited Liability Company) Yunhan Hoesa is a closely held company that is prohibited from having more than 50 shareholders. In recent years a few foreign companies have chosen the Yuhan
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Company Law: Assignment 1. Advise Sarah and Jane of the advantages and disadvantages of operating their business: a. Separately b. Sarah Jane Pty Ltd c. Sarah Jane Ltd Separately -less cost to set up the business -easy to comply with legal requirement under the corporation act Disadvantages: -you are there on your own unlimited unlimited liability her own asset could in danger as the result of breaches in contract and in tort The advantage of Sarah Jane Pty Ltd: Sarah‚ Jane and their employees
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his life‚ being his parents death‚ the struggle for food and money and how he develops into a man that ends up on the wrong side of the law and lands himself in jail. I will be showing how the techniques such as point of view and characterisation have positioned us to see the minority group exploited throughout these two pieces of writing. They show us how minority groups were demoralized during this time period and the techniques used made the stories effective in helping us to gain a better understanding
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In his short article‚ “Minority Report”‚ Christopher Hitchens tells us the arrival of Columbus on the shores of the Americas “inaugurated a nearly boundless epoch of opportunity and innovation‚ and thus deserves to be celebrated with great vim and gusto” (Hitchens‚ Coursepack #67). He pays his loyalty to the atrocities of “racism‚ conquest and plunder” (Hitchens‚ Coursepack #67) that precipitated from that moment of cultural contact‚ but dismisses “those who view the history of North America as a
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