for declaring a dividend to members‚ and‚ consequently‚ the company went into bankrupt shortly afterwards the dividend is paid. The legal issue that needs to be identified is whether the directors of the company have breached the relevant law in relation insolvent trading. Afterwards‚ it is significant to ascertain whether there are any defences which are available to them‚ because all of the four directors in this case may be have some relevant evidences to prove their innocence under the Corporations
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Vershire Company Key Problems Though Vershire Company does not have explicit problems‚ it has a number of weaknesses in its systems. First is in the style of their budget preparation. Their sales budget preparation had little flexibility when it was already approved before the start of the year and were already fixed objectives. This kind of system has an advantage of pushing its managers to strive and meet the objective budgets. However‚ it is a disadvantage when there are unforeseen relevant
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deep seeded problems that they will eventually have to deal with at some point in their life. Even if they manage to abstain from drugs one day there’s always tomorrow to fight again and peer pressure can wear you down when you live in a drug environment. Loneliness may not be the obvious reason why people turn to drugs but I think it a vice of the people who push drugs onto other people. Like the saying goes misery loves company and when you’re lonely you cling to anything. Over time you develop
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CSEA 2222 COMPANY LAW GROUP ASSIGNMENT INTRODUCTION Principle of Separate Legal Entity The principle of separate legal entity under the law is a company‚ upon incorporation‚ will becomes a body corporate that exists separately with its owner and distinct from its individual members and directors. This fundamental principle of company law was first established in the landmark case of Salomon v Salomon & Co Ltd (1897)‚ and formed the foundation of company law in Malaysia. Besides‚ this
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Company background U Mobile Sdn Bhd is a Malaysian 3G mobile telecommunicaions service provider and was founded in 1998 as MiTV Networks Sdn . In April 2007‚ U Television Sdn Bhd signed the country’s first nationwide domestic roaming memorandum of understanding. After that‚ the company has been constantly providing high quality mobile voice and data services with its wide distribution network backed by affordable pricing strategies. Customers of U Mobile can choose from a variety of competitive
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This case study is based on the situation that prevailed in a company during the II world war. It was the period when America entered the war. The Dashman Company was one of the major suppliers of equipments to the US. Armed Forces. As a result of forecast in the purchase made by the20 units which worked as an autonomous body‚ Mr. Post was appointed to coordinate the purchasing activity by Mr. Mason‚ the president of the company. Mr. Post with the support of his assistant Mr. Larson centralized
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Some challenges of effective Communication in a cultural diverse and generation diverse environment in China According to Jim Leininger in his article <finding the key to commitment in China>‚ employees express deeper levels of employee commitment and are likely to be more satisfied with their leadership if their companies have strong communication programs. But effective communication is facing more and more challenges in a cultural diverse and generation diverse environment in China. First of
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AZT Pricing Decision In 1986‚ Burroughs-Wellcome Company introduced the first major breakthrough against acquired immune deficiency syndrome (AIDS). It was the life-prolonging drug AZT. The product has turned out to be very successful for the company and‚ largely because of AZT’s success‚ Burroughs-Wellcome’s profits have doubled in the three years ending in 1988. The Food and Drug Administration (FDA) plans to expand the authorization for the drug’s usage to those who are
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STUDENTS CERTIFICATE Certified that this report is prepared based on the term paper project undertaken by me on the topic Liquidation Of A Company‚ under the able guidance of Ms Rashmi Tirpathi in partial fulfillment of the requirement for award of degree of B.Com(H) from Amity University‚ Uttar Pradesh. Date -------------------- --------------- ----------------- ----------------- Ankit Sinha Ms.Rashmi Tirpathi Prof. V.
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BT20403/Company Law Business Entities: Company Law Topics covered: Types of Company Formation of a company; • Promoters Pre-Incorporation Contract • Memorandum and Articles of Association Inconsistency between the object and the company’s activities Upon incorporation: • Company is an artificial legal person • Separate legal entity Lifting the corporate veil scs&ismk/company law CONT. 2 The Effect of Incorporation • Memorandum of Association & Articles of Directors’
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