should agree to alter company memorandum and article of association. In the alteration of article there should not have any restriction for issuing shares. To become public limited company there are documents Silver Company have to submit with the application to the registrar‚ they are : - Special resolution passed by the board to become public limited company. - Special resolution passed from the board to alter memorandum and article of association. - The memorandum and articles of association
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CORPORATE LAW AND SECRETARIAL PRACTICES | April 8 2013 | SUBMITTED BY: | INCORPORATION OF GALLANT CHEMICALS | INCORPORATION OF GALLANT CHEMICALS: MEMORANDUM OF ASSOSIATION: THE COMPANIES ORDINANCE‚ 1984 (PRIVATE COMPANY LIMITED BY SHARES) MEMORANDUM OF ASSOCIATION OF GALLANT CHEMICALS PRIVATE LIMITED 1) The name of the Company is "GALLANT CHEMICALS PRIVATE LIMITED." 2) The Registered Office of the Company will be situated in the province of BALOCHISTAN. 3) The objects
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the company. In the case Salomon v. Salomon & Co. Ltd‚ it was judge that a company must be regarded as a separate person from any member of the company. It stated “the company at law is a different person altogether from the subscribers to the memorandum….nor are the subscribers as members liable in any shape or form‚ except to the extent and in the manner provided by the Act” 2) Perpetual succession and transferable shares Changes of shareholder or director are allowed as the company considered
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INTRODUCTION In common usage‚ ‘Company’ means an association of persons associated for some common purpose. The common object may be business‚ charity‚ research etc. The persons are united for achieving a common objective‚ normally‚ for earning profits‚ which are shared by the investors. Definition of Company: Section 3 (1) (i) of the Companies Act‚ 1956 defines a company as: “A company registered and formed under this Act or an existing company.” The above definition does not give clear
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Executive Memorandum: Keurig Green Mountain The purpose of this memorandum is to request funding for the expansion of Keurig Green Mountain’s coffee business to Kuwait. Keurig Green Mountain is a beverage system company that has developed innovative technology and brand partnerships to dominate the personal beverage market in the United States and Canada. The coffee based company has more than 80 brands and 575 beverage varieties (Keurig Green Mountain‚ 2016). The company has experienced a 4.4
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person or persons who are at the helm of the affairs. They are called PROMOTERS. Where it has been decided to form a Private Company 2 persons and where it has been decided to form a Public Company at least 7 persons shall subscribe their names to a Memorandum of Association and they shall also comply with the other formalities in respect of the registration of the company under the Indian Companies Act‚ 1956. Document to be filed with the Registrar: It is desirable to ascertain from the
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horizontal way. To make the quick registration of company we can take the help of the internet. …………………………………………………Need to revise ……… # Sec 12 A company can change its memorandum to census transparency. To make it activities more transpirate and clean a company can add new subject in its memorandum and reduce subject from its memorandum. It would help both the shareholder
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RIA Guidelines 1 THE PRESIDENCY: REPUBLIC OF SOUTH AFRICA GUIDELINES FOR THE IMPLEMENTATION OF THE REGULATORY IMPACT ANALYSIS/ASSESSMENT (RIA) PROCESS IN SOUTH AFRICA 2012 Cabinet Operations RIA Guidelines 2 Preface Regulatory Impact Assessment (RIA)1 has become a global phenomenon in response to widespread pressures for more effective and efficient governance. RIA systems were first developed in United States of America and various European countries in the 1980s. In South Africa‚ RIA
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Disadvantages of incorporation Lifting the corporate veil Lesson 2: memorandum of association Meaning and importance The purposes of memorandum The contents of memorandum The alteration of the memorandum Doctrine of ultra vires Lesson 3: articles of association Meaning of articles of association The contents of articles of association Alteration of articles of association The constructive notice of memorandum and articles 2 The doctrine of indoor management The rule royal
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historical source for the requirement of writing is the English STATUTE OF FRAUDS 1677‚ which found its way into the law of most common law jurisdictions -No action should be brought on contracts of particular types unless the agreement or some memorandum or not the agreement was in writing and signed -Designed to prevent fraudulent claims being made on the basis of false evidence (Was created at a time where a party could pay a witness to provide a false testimony of a verbal agreement between
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