Faculty of Business and Management BBUS2103 Company Law January 2013 Companies Act 1965 Section 181: Member’s Remedy Name: Mohd Afiq bin Sahar NRIC No: 871226-43-5677 Matric No: 871226435677001 Pages 1. Introduction………………………………………………………………………….3 2. Example of oppressive‚ disregard of members’ interest and unfairly prejudicial or unfairly discriminatory conduct………………………………………5 Diversion of corporate assets or opportunity………………………………...5 Diversion of profits.…………………………………………………………
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Industries Ltd.? Ans. The management of ABC Industries Ltd should recognize that it will be in constant need of more funds owing to its intended policy of moving into new product lines in growth-oriented industries. To the extent the shareholders have strong expectations about maintenance of the current dividend‚ the current policy is appropriate. The company through advertisement should make the investors aware of the new growth prospects and greater investment opportunities ahead. Such an announcement
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Pip‚ the young orphan boy from the forge was soon to become a young gentleman of great expectations. With a series of unpredictable events‚ unforeseen emotions‚ and a great deal of moral development we learn what it took for this young boy to learn how to be what he had always dreamed of becoming- a true gentleman. Never knowing who his parents were or what his true identity was we learn from the start that Pip has an ongoing voyage of self discovery. He started life as a blank canvas along with
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The Acquisition of Consolidated Rail Corporation 1. Why does CSX want to buy Conrail? How much should CSX be willing to pay for it? 1‚ If the CSX buys Conrail‚ this combination would create the second largest rail system in the United States and the largest rail system east of the Mississippi River. The new company would get the $8.5B in rail revenue and almost 70% of the Eastern Market‚ which means it would have monopoly position in the Eastern Rail Market. 2‚ The combined rail networks would
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AGENCY Reciprocal Duties of Agent and Principal (20-39) Community Counseling Service Need for non-competition clause in contract – but must be careful not to violate public policy What is the duty of a party to the firm when he is planning to leave but hasn’t yet left? You cannot seek out firm’s clients while you are still working there Hamburger Did not solicit clients’ business while he was still their employ Anderson Rule: categorical – fiduciary duty obliges the fiduciary to act in the
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What moral purpose was Charles Dickens trying to put across in his novel - Great Expectations? Charles John Huffam Dickens (7 February 1812 – 9 June 1870)‚ was the foremost English novelist of the Victorian ere‚ incorporating many social injustice problems of his time into his work. ‘Great Expectations’ concerns the young poor boy Philip Pirrip (known as Pip‚ used to resemble Dickens own childhood) who was orphaned as a child and therefore brought up by his unpleasant sister and her humorous
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Finansbank 2006 HBS case study 11/15/2011 Duisenberg School of Finance Irina Polukhina “It gives us great pride that Finansbank‚ with its unique approach to banking‚ is recognized by an international bank and as a demonstration of this faith the executive management team of Finansbank is requested to continue in their current positions. Our new partner will further expand the scope of our stakeholders and customers‚ especially with its strong presence in the Southeastern European region
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Firstly‚ preference shareholders will have their dividends paid first‚ from the profits made by the company‚ before the ordinary shareholders. Secondly‚ preference shareholders enjoy fixed dividends‚ their return on investments‚ from the company where their shares are bought. That is to say‚ whether the company performed well or bad in the year‚ the preference shareholder will get their dividends at a fixed rate (e.g. 10% preference share)‚ except for those participating shareholders (this will be explain
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Squeeze out of minority shareholders squeeze-out-of-minority-shareholders-1503-1.html Author : thass Published: June 17‚ 2013‚ 1:59 pm Squeeze out of minority shareholders The law relating to reduction of share capital can be found in Section 100 to 105 of the Companies Act‚ 1956. The recent judgments in Elpro and Sanvik Asia have laid down that minority shareholders can be squeezed out without their consent‚ thereby creating an arena of jurisprudence in the favor of majority acquiring full rights
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: MR MAKUYANA QUESTION “By becoming a shareholder in a company‚ a person undertakes by his contract to be bound by the decisions of the prescribed majority of shareholders‚ if those decisions on the affairs of the company are arrived at in accordance with the law‚ even when they adversely affect his own rights as a shareholder.” Per Trolip JA and Ors v President Brand Gold Mining Co. 1969 (3) SA 629(A). Give an assessment of the above
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