COMPANY LAW MGMT3046 (MS37B) ACADEMIC YEAR 2011/2012 WORKSHEET 1 INTRODUCTION TO THE COMPANY LAW REGIME TYPES AND NATURE OF COMPANIES Learning objectives: The student should be able to: ✓ describe the various kinds of companies that may be registered under the Companies Act; ✓ explain the distinction between private and public companies with reference to the relevant provisions of the Companies Act; ✓ explain the concept of limited
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incorporate? If so‚ should she adopt a company structure? • Assuming Susan adopts a company structure‚ what type of Liability Company should Susan adopt? Relevant Laws: Form of association: • Consider the possible form of association‚ corporate and non-corporate • Consider comparative advantages and disadvantages of each form of association in the light of facts given. • Remember that there can be many relevant factors‚ not all of them related to corporate law issues. Taxation stamp duty and human
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case study of company law I. Sarah’s business act and Richforth Ltd. constitution A company is a legal entity that is separate and distinct from its members and shareholders. When a company is legally formed‚ it has become ‘incorporated’ (Wild and Weinstein‚ 2009). As a legal person‚ a company must act in compliance with existing laws and in accordance with the terms of its constitution. Section 33 (1) of the CA 2006 provides: “The provisions of a company’s constitution bind the company
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Corporate groups can be defined as a company structure where several companies are interconnected through contract shareholding or as Dine says‚ “By interlocking dictatorships.” In these structure holding companies usually have control and influence over subsidiaries. Limited liability on the other hand‚ is the logical consequence of the existence of a separate legal entity or generally‚ the concept simply means that since the company is different from the shareholders‚ the members are only liable
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Company Law – An Introduction Unit Code: DE5H 35 Outcome 1 Melissa Mackenna-500006315 Context Within this report you will find: 1.1. Introduction 1.2. Terms of Reference 1.3. Sole Traders 1.4. Partnerships 1.5. Corporate Bodies 1.5.1. Private Limited Companies 1.5.2. Public Limited Companies 1.6. Conclusion 1.7. Recommendations 1.8. Appendix 1.1. Introduction The aim of this report is to: Describe the differences in legal personalities and responsibilities between
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the low administration requirements compare to form a company. Disadvantages The first major disadvantage is for partnership there are unlimited liability for Andy and Zara. The second major disadvantage is there is no separation between Andy and Zara to manage and control the business. ii) Advantages: The first major advantage is the company has limited liability for shareholders. The second major advantage is the share of the company allow for transfer and expansion. Disadvantages: The
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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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Product Liability Law Outline I. Introduction Imagine getting the same old dog or cat food for your pet that you always get and all of a sudden your pet gets sick and dies. Is this a case that can be filed against the business you bought the food from‚ the company that made the food‚ or both? Should companies be held accountable to a higher degree? II. Definition of Product Liability Business Law: The Ethical‚ Global‚ and E-Commerce Environment
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else at law - Use own to resources to provide skill‚ labor‚ capital‚ and other resources to run the business - Unlimited liabilities - Registered under Registration of Business Act 1956 ii. Partnership - Exist when two or more persons pool their skills‚ labor‚ capital and other resources together to form a business jointly - Under Partnership Act 1961 - Applied English Court decision iii. Company -
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National Law Institute University‚ Bhopal A Project Of Law of Business Association-II On Buy Back of Shares Submitted to:- Submitted by:- Asso. Prof. (Dr.) Kondaiah J. Roll No. - 2009 B.A. LL.B. Enrollment No. A-0 VIII Trimester III Year TABLE OF CONTENTS 1 Introduction 3 2 Understanding the Concept 3 2.1 Conceptual Conundrum 3 2.2 Methods of ‘buy-back’ 3 3 Law Governing Repurchase Of Shares
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