advantage of the on-going structured adjustment programmes (SAPS) by going into business. a) Advise them on the procedures they have to follow in order to register a public company limited by shares. (8 Marks) b) Explain how the procedures would differ from that for forming a private company limited by shares. (4 Marks) c) Discuss the circumstances under which a corporate veil of incorporation may be lifted. (8 Marks) QUESTION
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and Control There are several ways in which membership of a company may be acquired: These are as follows: i) By subscribing the Memorandum. When the company is registered‚ the persons who subscribed the memorandum automatically become members‚ and must be put on the Register of Members‚ though they are deemed to be members without such an entry and even without allotment. ii) In the case of a director of a public company‚ by delivering a written undertaking to the Registrar to take
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Statement of the Problem The India operations of Solutions Unlimited were begun in 1996 - merely three years prior to the recruitment of Nitish. The firm was still in the process of establishing itself in India and given their select hiring through referrals‚ the firm still had only a handful of employees on board. Due to this‚ it was necessary for some of its current employees to take up roles they were not familiar with or had not academically specialized in. For instance‚ the HR Department reported
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Draft Limited Liability‚ Rights of Control and the Problem of Corporate Irresponsibility Paddy Ireland Abstract There is has long been a tendency to see the corporate legal form as presently constituted as economically determined‚ as the more or less inevitable product of the demands of advanced technology and economic efficiency. Through an examination of its historical emergence‚ focusing in particular on the introduction of general limited liability and the development of the modern
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STUDIES DEPARTMENT : FINANCE COURSE : COMPANY LAW 2 CIN 2206 LECTURER : 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
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On a proper interpretation of the case law of the European Court of Justice‚ there can be no doubt that the real seat theory is dead throughout the EU Discuss. Since the Treaty of Rome entered in force in 1958‚ companies were allowed to be formed across the EU benefit from the basic right of the freedom of establishment. The principle of freedom of establishment set out in Article 49 (ex Article 43 TEC) enables an economic company to operate an activity in one or more Member States. At present
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Jennifer DiTomasso Jacobsen U63594427 January 31‚ 2005 Case Study: South American Adventures Unlimited 1. To what extent does project management apply to Adventures Unlimited? Each one of their tours is an individual project‚ since each has a beginning‚ middle‚ and end‚ which have classic project phases‚ including a definition or selection phase‚ a planning phase‚ and an execution phase. Project management involves budgeting of resources‚ and their resources include their administrative staff
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business decisions on behalf of companies. Under the present rules‚ directors’ duties are enshrined in the common law rules and equitable principles as well as in statutes such as the Companies Act 1985 as amended by Companies Act 1989. It is considered that these principles lack certainty and are not easily accessible. Quite often‚ directors usually have to take advice in these kinds of areas so that they do not accidentally breach any duty enshrined in the case law. Therefore the government believes
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City University of Hong Kong School of Law LW3902 The Law Relating to Companies Mid-Semester Coursework Assignment Semester B‚ 2010/2011 Instructions to Students: 1. The assignment is worth 50% of the overall mark for this course. The total word limit is 2‚000 words‚ excluding footnotes and bibliography. You must do a word count and indicate the number of words on the cover page. If a paper exceeds the allowable word limit‚ only the first 2‚000 words will be read and marked. You must type the answers
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Executive Summary Nitish is disturbed by certain situations that have hampered his relation with Meena since his joining Solutions Unlimited. He is faced with three options namely; he can work to mend his relation with Meena‚ leave the company and search for other prospects or reach out to the top management. These options have to be evaluated on what impact they would have in his career and at the workplace. Staying at the organisation and working towards mending relations with Meena seems to be
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