Winding Up of Company The winding up is the process of putting an end to the life of the company. And during this process‚ the assets of the company are disposed of‚ the debts of the company are paid off out of the realized assets and if any surplus is left‚ it is distributed among the members in proportion to their shareholding in the company Q.1 WHAT ARE THE POWERS OF LIQUIDATOR LIQUIDATOR A person appointed to carry out the winding up of a company is called liquidator. If the winding
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AirTouch proposed that each Mannesmann share would receive 53.7 Vodafone AirTouch shares‚ so that in aggregate Mannesmann shareholders would own 47.2% of the equity if the combined firm. a) Describe the stock swap. As of December 17‚ what was the market value of Mannesmann’s contribution to the combined firm? As a Mannesmann shareholder‚ would you accept the current offer? As a shareholders ‚ would you support the proposed transaction? b) On December 17‚ 1999 based n real stock prices of the two firms
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activities as well as its relation with the outside world. According to Lord Macmillan‚ “The purpose of the memorandum is to enable the shareholder‚ creditors and those who deal with the company to know what is permitted range of enterprise.” The main purpose of the memorandum is to explain the scope of activities of the company. The prospective shareholders know the areas where company will invest their money and the risk they are taking in investing the money. The outsiders will understand the
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UNITED INTERNATIONAL COLLEGE COMPANY LAW 2014 WEEKLY ASSIGNMENT 5 ANSWER Introduction The instant case concerns meetings and resolutions. The central issues are: 1. Was the board meeting of December 31‚ 2013 validly held? 2. Was the resolution passed at that meeting a valid one? 3. What should Bud do to convene an extraordinary general meeting? Board Meeting of December 31‚ 2013 At the outset‚ it must be emphasized that the validity of a meeting hinges on a number of factors: 1. whether
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justification of how you calculated it. 3. Is NECE a good investment? How does the price of its shares compare to their fundamental value? Come up with at least two different sets of reasons why these two values may be different. 4. If you were a minority shareholder‚ what would you pay for the shares of a subsidiary or a company the time of the subsidiary IPO? a. Explain the intuition behind the price that you would pay in both efficient markets (i.e.‚ markets are fully rational) and inefficient markets (i
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culmination of a tumultuous period at Yahoo! And if I were a decision maker in this case‚ aware of the recently opened can of worms‚ I would have definitely asked Thompson to resign. On the 3rd of May‚ 2012‚ Daniel Loeb‚ Yahoo’s largest external shareholder‚ who then controlled 5.8% of the company through his hedge fund – Third Point‚ launched an attack on Yahoo! and its new C.E.O.‚ alleging that Scott Thompson had lied on his resume about his academic qualifications. This was a result of a proxy war
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goal is to maximize profits only to the stockholders. The owners own the corporation and therefore the profits belong to them. So why care about anyone else other than the shareholders? Everyone else involved are merely strategic tools that assist in some way to maximize profits but don’t benefit in the same way a shareholder does. Saying this pretty much says that the non-owners are not human‚ and are just tools used to help maximize profits for the owners. Ed Freeman on the other hand says something
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main argument to this point came by Milton Friedman (1962) who argued that the “only responsibility of a corporation is to its shareholders”. Academics were divided between the two arguments for a decade without advancing a lot the debate. The 70s It was not until 1970 when Wallich and McGowan made a first attempt to demonstrate a connection between CSR and shareholder interests. Their main argument was that the corporation’s long-term interest is to strengthen the environment they belong to. If
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Marion Jones was once the sole shareholder and president of Chempla‚ Inc.; in 20X1 she sold her stock to Westcoat Industries. She signed an agreement to be a consultant for five years. After being unable to make a profit Westcoat decided to sell their interest in Chempla‚ but were unable to find a buyer. Westcoat offered Chempla back to Marion Jones and an agreement was reached on September 1‚ 20X4. Included in the agreement Marion would be majority shareholder of the newly formed corporation
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will be closer to their expected value‚ which company should have the higher stock price? Explain. The primary goal of a corporation should be to maximize its owner’s value. If a manager is to maximize shareholder wealth‚ he/she must know how that wealth is determined. Fundamentally‚ shareholder wealth is the number of shares outstanding at times the market price per share. A stock’s price at any given time depends on the cash flows a “marginal” investor expects to receive after buying the stock
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