Companies Act‚ 2013 Key highlights and analysis Significant changes and implications Companies Act‚ 2013 1 Contents 04 | Introduction 06 | Key definitions and concepts 10 | Setting up of a company 16 | Management and administration 18 | Directors 24 | Accounts and audit 30 | Dividend 32 | Compromises‚ arrangements and amalgamations 34 | Revival and rehabilitation of sick companies 36 | Corporate social responsibility 38 | Implications on private companies 40 | Other areas
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Companies Overview * Shakarganj Mills LTD.: Shakarganj Mills Limited was incorporated in Pakistan in 1967 as a Public Limited Company and is listed on all three stock exchanges of Pakistan. It is a leading manufacturer of food products‚ industrial ethanol and particle board as well as textiles. It is working hand in hand with the Dairy Industry of Pakistan to improve milk productivity and animal health. * Desconoxychem LTD.: Descon is one of the largest conglomerates in Pakistan
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of my company believe that the company should raise public capital for further expanding company’s business through changing its company type to publicly listed company. At the same time‚ getting list also can attract more investors to enable company continuous and healthy development in the future. Therefore‚ in this report‚ I will concentrate on legal procedures and their relevant issues in relation to the modification of company type and public listing. The process of changing the company type
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VP GROUP TMA – Productions and Talent Services PROFILE : The demand for new‚ fit and exiting Talents‚ Models and Artists by the different television networks‚ film production companies‚ advertising agencies and the entertainment industry as a whole is increasing each day. This led to the idea of forming a group that would precisely serve this requirement. The V P GROUP TMA (VP GROUP) was formed in the early part of 2012. It is a group composed of Talents for television and film; Models for print
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The Companies Act 2006 which received Royal Assent in November 2006 consists of 1300 sections and is the thought to be the single largest piece of legislation ever made. This Act restates and replaces most of the company law provisions brought in by the previous Acts. The 2006 Act introduces an extensive range of changes to areas of company law such as the formation of a company‚ directors’ duties and liabilities‚ members/shareholders rights and share capital maintenance. Although the majority
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between a public company and a private company are explained in the following manner: 1. Minimum number of members The minimum number of person required to form a public company is seven‚ whereas in a private company their number is only two. 2. Maximum number of members There is no limit on the maximum number of member of a public company‚ but a private company cannot have more than fifty members excluding past and present employees. 3. Commencement of Business A private company can commence its
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all the resources available to the company to maximize their profit and be efficient in every way possible. It is therefore the duty and obligation of the operation management to see that all these are made possible. The operation management of the company must have proper experience and knowledge of how to handle different situations‚ how to manage resources‚ and mainly tackle any kind of problem that may arise during the functioning of any department in the company.
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Mng 1204 Week 5 paper 9-25-13 The three basic strategies utilized by companies engaging in international business are the global strategy‚ the multi-domestic strategy‚ and the transnational strategy. The differences in these three strategies can be beneficial or detrimental to a company depending on its type of business‚ and these three strategies are evident when examining many well-known companies worldwide. A company pursuing a global strategy sacrifices responsiveness to local necessities
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CHEMICALS | INCORPORATION OF GALLANT CHEMICALS: MEMORANDUM OF ASSOSIATION: THE COMPANIES ORDINANCE‚ 1984 (PRIVATE COMPANY LIMITED BY SHARES) MEMORANDUM OF ASSOCIATION OF GALLANT CHEMICALS PRIVATE LIMITED 1) The name of the Company is "GALLANT CHEMICALS PRIVATE LIMITED." 2) The Registered Office of the Company will be situated in the province of BALOCHISTAN. 3) The objects for which the Company is established are: * To carry on the business of manufacturers‚ producers
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vary from $500‚000 to over $1 billion. In 1999‚ 544 companies completed an IPO(Initial Public Offering). The total capital raised from these offerings was $23.6 billion. By offering stock for sale to the public a company can access a substantial source of corporate funding. If a company needs to raise capital‚ it can sell stock(equity) or it can it issue bonds(debt securities). An initial equity offering can bring immediate proceeds to a company. These funds may be used for a variety of purposes
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