AUSTRALIAN CORPORATIONS LAW Question 1 I THE PROCEDURE BY WHICH A COMPANY CAN BE FORMED The formation of a company‚ known as incorporation‚ is achieved ‘by a process of registration controlled by the Australian Securities and Investments Commission.’ A Pre-registration Requirements The pre-registration requirements are: • The selection of the classification and type of company • The selection of a company name‚ this is optional • Completion of the application of registration using
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Changmai Corporation 1. What reasoning should McLeod apply to try and handle the dilemmas he is facing? Due to McLeod is a highly qualified engineer and had a wide experience gained in some of the most sophisticated pulp mills in the world‚ he believed that using Western standards is always only correct way. However‚ it seems not suitable in every country. The based ask from McLeod is to protect safety for employees‚ which is good‚ but by announced human right and ensured into contract don’t
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CORPORATION VS PARTNERSHIP 1. Creation CORPORATION Created by operation of law; PARTNERSHIP Created by agreement of the parties; 2. Numbers of incorporators CORPORATION Requires at least 5 incorporators; PARTNERSHIP Requires at least 2 partners; 3. Commencement of juridical personality CORPORATION Acquires juridical personality from the date of issuance of the certificate of incorporation by the Securities and Exchange Commission ;PARTNERSHIP Acquires juridical personality form the
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Books and materials Leading text • Dignam & Lowry‚ Company Law‚ 5th edition (2009)* ** • Hicks & Goo’s Cases and Materials on Company Law‚ 7th edition 2011** • Mayson‚ French and Ryan on Company Law‚ 26th edition (2010) • Bourne on Company Law‚ 5th edition * Dignam & Lowry‚ Company Law‚ 6th edition (2012) may be published August 2012 ** These books will be used as the module readers Additional reading: The latest editions of: • Gower and Davies’ Principles
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Birla Corporation Case Business activities based on the recent developments The Given data states that Birla’s Profits had been increased from 4.19 crore in 2002-03 to 41.56 crore in 2003-04 and their 88.75% sales consist of sales from cement division. But this was the case in both years 2002-03 and 2003-04 which means those profits were achieved only by improvising on internal factors of the company like improvements in performance of Cement division by achieving the higher capacity utilization
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International Drilling Corporation Case Write-up In the case study ”International Drilling Corporation”‚ Taylor described that the problem as many people either “didn’t know about what was going on” or “knew and just didn’t care.” Upon further inspection on the case‚ it was evident that many IDC executives were aware of company’s wrongdoings‚ but simply decided not to take any action. However‚ if I were Don Taylor‚ I would choose to report SEC. I believe this is the most ethical and logical decision
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Restructurings‚ and Corporate Governance Eskimo Pie Corporation Copyright © 1992 by the President and Fellows of Harvard College. Harvard Business School case 293-084. In early 1991‚ Reynolds Metals‚ the makers of Aluminum Foil and other aluminum products‚ decided to sell its holding of Eskimo Pie‚ a marketer of branded frozen novelties. Reynolds had few interests outside its aluminum and packaging business‚ and the Eskimo Pie Corporation‚ with roughly $47 million in sales‚ accounted for less
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Microsoft Corporation is an American multinational home computer operating system and office suite corporation. Microsoft Corporation develops‚ supports‚ and licenses a range of software products and services for various computing devices worldwide. Boeing Company is a multinational aerospace and defense corporation‚ and the largest exporter by value in the United States. Boeing is among the largest global aircraft manufacturers and the third largest aerospace and defense contractor in the world
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lifted if the shareholders do not follow the proper procedures. Lifting corporate veil is aim to "see through" the company and let its members take directly liability for the company ’s legal position. The statement points many situations in Corporations Act (“CA”) listed can lift the veil of corporate‚ which is true. Under s588G the directors will breach the duty by failing prevent the company incurring debts when the company is suspected insolvent. And s588FB is aimed to preventing insolvent
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Q02 – (LO 02) 1) Transnational Corporation Vs Multi National Corporation Worldwide partnerships have a few classifications relying upon the business structure‚ venture and item/benefit offerings. Transnational organizations (TNC) and multinational organizations (MNC) are two of a these classes. Both MNC and TNC are ventures that oversee creation or convey administrations in more than one nation. They are portrayed as business substances that have their administration home office in one nation‚ known
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