corporation. The court noted that the six family members never intended to take part in the business and only held the shares to fulfill the technicality required by the Company’s act. Thus‚ meaning that the company was a ‘sham’ or ‘fraud’‚ as it was a trustee for Salomon. The decision was that Mr. Salomon abused the privileges of incorporation and limited liability and as such was bound to compensate the company’s debts. 3) Explain the decision made by the House of Lords in the case. The House of
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PROJECT ON WOMEN ENTREPRENUER (Chanda Kochhar) Submitted To Submitted By Mrs. Jaspreet Kaur Lamba BBA- 3rd Year 29 Guru Nanak Khalsa College For Women CHANDA KOCHHAR Chanda Kochhar Kochhar at the World Economic Forum’s India Economic Summit 2009 Born November 17‚ 1961 (age 49) Jodhpur‚ India Occupation CEO and MD‚ ICICI Bank Children A son and a daughter Chanda Kochhar (born November 17‚ 1961) is currently the Managing Director (MD) of ICICI Bank and Chief
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How Does Equity Fulfill the Common Law Common Law Equity fulfils the common law‚ although it does not endeavour to displace it with a moral code. In order to be influential‚ the law is to be professed as both certain and predictable‚ and also flexible and fair. Specifically‚ it needs clear rules on the one hand‚ but flexibility on the other to produce exceptions to cases that lead to apparently incongruous or unjust conclusions if the rules are
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Bàitập 1 – Chương 1 HãyđọccácđoạntríchtrongbảnánvàxácđịnhcácnguồnluậtvàTòaánđãsửdụng Salomon v A Salomon & Co Ltd From Wikipedia‚ the free encyclopedia (Redirected from Broderip v Salomon) Salomon v A Salomon & Co Ltd [1897] AC 22 is a landmark1 UK company law case. The effect of the Lords ’ unanimous 2 ruling was to uphold 3firmly the doctrine4 of corporate personality‚ as set out in the Companies Act 1862‚ so that creditors of an insolvent company could not sue the company ’s shareholders
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A REPORT ON DESCRIPTIVE STUDY OF MUTUAL FUNDS AND STUDY OF INVESTORS PERCEPTION ABOUT INVESTMENT IN MUTUAL FUNDS INSTITUTE OF MANAGEMENT SCIENCE UNIVERSITY OF LUCKNOW SUBMITTED BY : Namindra Awasthi MBA FC III SEM CONTENTS PART-1 PAGE NO 1. ACKNOWLEDGEMENTS
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applicable debtor were liquidated under Chapter 7 of the Bankruptcy Code on the effective date. This is referred to as the “best interests” test. To make these findings‚ a bankruptcy court must (1) estimate the cash liquidation proceeds that a Chapter 7 trustee would generate if each of the debtor’s Chapter 11 cases were converted to a Chapter 7 case and the assets of such debtor’s estate were liquidated; (2) determine the liquidation distribution that each non-accepting holder of a claim
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` DEDUCTIONS GENERAL DEDUCTIONS s.8-1 -incurred in gaining or producing assessable income -necessarily incurred in carrying on a business Exclusions: - capital expense - private or domestic expenses - expenses incurred in producing exempt income - expenses which are specifically disallowed under the Act Others 1. Clothing and uniforms - protective‚ occupation specific uniforms‚ compulsory uniforms and embossed uniform 2. Home office
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1 of 15 TEST BANK > CONTROL PANEL > POOL MANAGER > POOL CANVAS Pool Canvas Advanced Accounting Fischer Taylor Cheng 11th Edition Test Bank Contact me here sellertbsm2014@hotmail.com to download the test bank INSTANTLY!!! PRICE FOR THE TEST BANK‚ SOLUTION MANUAL AND BOOK PDF: Test Bank 20$ USD and Solution Manual 20$ USD. Add‚ modify‚ and remove questions. Select a question type from the Add Question drop-down list and click Go to add questions. Use Creation Settings to establish which
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BANKRUPTCY & COMMERCIAL SECURITIES HISTORICAL REVOLUTION OF BANKRUPTCY LAW 1. Bankruptcy Act Cap 53 Laws of Kenya 2. Ian Macneil – Bankruptcy in East Africa 3. Fridman Bankruptcy Law and Practice 4. Thomspson J.H. The principles of Bankruptcy Law 5. Holdsworth on Historical Development Basically the law of bankruptcy has a long history and only a summary of the main developments may be highlighted Summary. 1542 Act - aimed mainly at securing the property of the debtor for his creditors
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The process of dying begins at birth. Each of us know that someday we will die‚ but we don ’t generally like to think or talk about it. The topic of death is often taboo in our society. Because of this‚ we are often unprepared when we are faced with the final stages of the dying process with someone we love. Attitudes and concepts about death and dying vary greatly. Death refers to the actual physical ending of life‚ while dying refers to the process of coming to that end. Most people do not simply
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