WINDING UP OF A COMPANY Winding up or liquidation of a company is the ending of a company’s life; its property administered for the benefit of its creditors and members. At the end of the winding-up‚ the company will be dissolved. There are two main types of winding up: compulsory‚ under and order of the court; and voluntary‚ under resolution of the company. VOLUNTARY WINDING UP In a voluntary winding-up‚ the members of the company have passed a resolution to wind-up the company. There
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The Real World Problem Noise pollution is a serious problem‚ as defined is unwanted or excessive sound that can have deterious effects on human health and environmental quality‚ whilst also disrupting the balance of life. The real world problem depicted in the image in particular from Noise pollution is aircraft noise‚ which is a result of air traffic‚ for the residents of suburbs neighboring airports it imposes a great cost. It can result in stress‚ damage to hearing‚ noise insulation‚ rise
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Walt Disney World Case Study Executive Summary The Walt Disney World Resort is a family themed amusement park located in Orlando‚ Florida on approximately 25‚000 acres of land. Opening in 1971‚ the resort now is visited by an approximate amount of 17 million tourists each year. Currently‚ Robert A. Iger‚ presides over the resort as the CEO. With 62‚000 employers‚ Walt Disney World is a the largest single site employer in the United States‚ running a variety of different themed areas such as
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Real World Radical Formulas Janeth Mendiola MAT222: Intermediate Algebra Instructor Lalla Thompson March 21‚ 2014 Real World Radical Formulas Radical formulas are used in the real world in the fields such as finance‚ medicine‚ engineering‚ and physics to name a few. In the finance department they use it to find the interest‚ depreciation and compound interest. In medicine it can be used to calculate the Body Surface of an adult (BSA)‚ in engineering it can be used
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For Eli Lilly & Company 1. Discuss Eli Lilly’s practice from the perspectives of utilitarianism and rights? Before we discuss this case we should remember that utilitarianism is a general term for any view that holds that actions and policies should be evaluated on the basis of the benefits and costs they will impose to society‚ while right is an individual’s entitlement to something. From the perspectives of utilitarianism and rights on Eli Lilly & Company’s practice‚ we can see that Eli Lilly’s
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1. A convenience store chain attempts to be responsive and provide customers what they need‚ when they need it‚ where they need it. What are some different ways that a convenience store supply chain can be responsive? What are some risks in each case? Some of the ways that a convenience store chain can response are: * Focusing in the total cost of the supporting a chain‚ that includes all the elements of cost that go into a purchase like order quantities‚ deliveries‚ warehousing‚ support systems
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Introduction Companies which handle packaging services must be able to provide a variety of options to their consumers. They must be able to meet consumer demands when parcels need to be shipped and received within a designated timeframe. UPS is a global company which meets all of these needs. Describe Main Line of Business of the Company United Parcel Service started out as the American Messenger Company founded by 19 year old James Casey in Seattle‚ Washington back in 1907. Most deliveries
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The real slums Mads Rosenberg Slums can be found on almost every continent of the world‚ but they often occur in the poorest countries of the world. A slum is a part of a city‚ which is run-down‚ and without any kinds of humane facilities. Slum buildings may vary from simple shacks to well-maintained structures‚ but what’s in common of the entire world’s slum is that they are crowded and the buildings are very closely established. The biggest slum is the slum in Mumbai where some scenes
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Current Event Real World Science Name: Frantz Desir Date: 3/23/13 Period: 5 Name of Article: Adults Worldwide Eat Almost Double Daily Recommended Amount of Sodium Title/Date of Magazine or URL: http://www.sciencedaily.com/releases/2013/03/130321110920.htm Mar. 21‚ 2013 1) Who was involved? American Heart Association‚ World Health Organization‚ Saman Fahimi‚ M.D.‚ 187 countries world wide 2) What has been done or discovered in the article? Saman Fahimi and his medical crew at Harvard
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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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