Introduction The term “registered company” means a company starts its operation or formed by registration under Companies Acts 1965(1). A registered company is explained by the law as a person‚ a human being. This artificial person can own land and other property‚ enter into contracts‚ sue and be sued‚ have a bank account in its own name‚ owe money to others and be a creditor of other people and other companies‚ and employ people to work for it (2). Section 16(5) of the Companies Act 1965 states that on and
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Business Ethics Provisions in company act 2013 with respect to CSR and Corporate Governance Provisions in company act 2013 with respect to CSR and Corporate Governance The long-awaited Companies Bill 2013 got its assent in the Lok Sabha on 18 December 2012 and in the Rajya Sabha on 8 August 2013. After having obtained the assent of the President of India on 29 August 2013‚ it has now become the much awaited Companies Act‚ 2013 (2013 Act). An attempt has been made to reduce
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COMPANY ACT 1965 It was mention in paragraph one that both Encik Zayed and Puan Hashimah does not familiar with provision of company act 1965 and the duties their roles and duties as Company Directors. According to section 122 (1) every company shall have at least two directors‚ who each has his principal or only place of residence within Malaysia. So they follow the provision of section 122(1) which is mention about at least 2 directors and both of them are the directors of the company. For their
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..........................................................2 Definition of a Company ............................................................................................................................................2 Features of a Corporation ..........................................................................................................................................3 Difference Between a Company and Its personnel ..........................................................
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CONSEQUENCES OF INCORPORATION 1. What is meant by separate legal entity & the corporate veil? 2. When will the corporate veil be lifted (ie. shareholders held to BE the corporation)? a. Fraud b. Agency c. Groups d. Tort How does a comp become separate legal entity? • Comp become SLE on date of certificate of registration and approval with ASIC: s119 CA • Effect: become SLE or “legal person” with legal capacity/powers of corporation: s124 Corporate Veil & Separate
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shares. 68 (2) Conditions for Buy back No company shall purchase its own shares or other specified securities under sub-section (1)‚ unless— (a) the buy-back is authorised by its articles; (b) a special resolution has been passed at a general meeting of the company authorising the buy-back: Clause (b) not apply to a case where— (i) the buy-back is‚ ten per cent. or less of the total paid-up equity capital and free reserves of the company; and (ii) such buy-back has been authorised
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TUNKU ABDUL RAHMAN COLLEGE SCHOOL OF TECHNOLOGY DIPLOMA IN TECHNOLOGY (QUANTITY SURVEYING) YEAR 2 ACADEMIC YEAR 2012/2013 ATGB3663 BUILDING ACTS AND CONTRACTS PROGRAMME : DQS2 GROUP : A LECTURER/ TUTOR : MR IVAN KWAY EU WAN Team Member | Student ID | Alaster Ang Han Wun | 11wtd01029 | Chan Siang Leen | 11wtd04062 | Chan Sze Haw | 11wtd05409 | Chan Yew Jia | 11wtd01905 | Chong Hong Seng | 11wtd05935 | Table of Contents A) Clause 39 (1)‚ (3)‚ (4) 3 B)
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whether the clause has been incorporated as a term of the contract. Regarding to incorporation by signature‚ generally if China signed the contract‚ then they tend to be bound by the terms of the agreement‚ even if they did not read it‚ (L’Estrange v Graucob)‚ where it was stated that the claimant would be bound by all the terms of the agreement because she signed it and the fact that she did not read the terms was irrelevant. Incorporation by notice could also be applied in the case provided. For
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important features of a company as per company act 1956 (India) Salient Features of Companies Act‚ 1956 | A company means an association of people to carry on an economic or non-economic activity. A partnership is different from a company as a company is a person in the eyes of law which can sue or be sued; can enter into contracts in its own name etc. It has a distinct personality of its own different from its members. The Companies Act‚ 1956 is the law that governs companies in India. It also deals
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ARTICLES OF INCORPORATION OF BLUE ARRAYS CORPORATION KNOW ALL MEN BY THESE PRESENTS: That we‚ all of legal age‚ citizens and residents of the Republic of the Philippines‚ have this day voluntarily associated ourselves together for the purpose of forming a corporation under the laws of the Philippines. AND WE HEREBY CERTIFY: FIRST: That the name of the said corporation shall be: “Blue Arrays Corporation”; SECOND: That the purposes for which said corporation
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