BY-LAWS (ON PROFESSIONAL ETHICS‚ CONDUCT AND PRACTICE) OF THE MALAYSIAN INSTITUTE OF ACCOUNTANTS Malaysian Institute of Accountants Dewan Akauntan‚ No. 2‚ Jalan Tun Sambanthan 3‚ Brickfields‚ 50470 Kuala Lumpur‚ Malaysia. Website: www.mia.org.my (AMENDED AS AT 15 JUNE 2012) By-Laws (On Professional Ethics‚ Conduct and Practice) of the Malaysian Institute of Accountants [Issued December 2010] PREFACE The Revised By-Laws (On Professional Ethics‚ Conduct and Practice) of the Malaysian
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Unwritten law is law that has not been enacted by the legislature (Parliament and the State Assemblies) and this law is not found in the written Federal and State Constitutions. This law is found in cases‚ which have been decided by the courts and local customs. Unwritten law is mainly comprised of: 1. English Law English law forms part of the laws of Malaysia. English law can be found in the English common law and rules of equity. However‚ not all of England’s common law and rules of
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Administrative law is the law that determines the organization’s powers and duties of administrative officers. It is the law relating to the administrative government. It concerns itself with public authorities and how they function. Administrative law is the body of general principles that govern the exercise of power by authorities. Wade defines Administration Law as the Law relating to control of government power.1 He further assets that the primary purpose of administrative law is to keep the
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Different aspects of law There are four aspect of law namely: 1. Public and private law: Public laws are those laws that are relevant to matters affecting the entire community for examples laws about criminal activity or the environment. Public law involves interrelationship between the state and the general population. While private law involves interactions between private citizens or it applies to the relationship between an individual and the government. 2. Criminal and civil law: Criminal is a
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4. NOTES 4.1. THE ESSENTIALS OF A VALID CONTRACT A. ESSENTIAL No 1 The Parties Must Act Within Their Contractual Capacity What is contractual capacity? We view it in relation to the concepts of personality and legal status: PERSONALITY – determines that you are a legal entity or persona. As a result of this personality you acquire legal status ie your legal status defines that legal personality further. STATUS then describes your legal “condition” eg a married woman‚ A public
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In Malaysia‚ our contract law is basically governed and enforced by the Contract Act 1950. The remedy of specific performance presupposes the existence of a valid contract between the parties to the controversy. The terms of the contract must be definite and certain. This is significant because equity cannot be expected to enforce either an invalid contract or one that is so vague in its terms that equity cannot determine exactly what it must order each party to perform. It would be unjust for a
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Meaning of law A law is a special type of rule that has been made by a person or institution that has the authority to make laws. This is referred to as ‘sovereign power’. In democratic countries‚ such as Australia‚ Britain and the United States‚ the sovereign power is Parliament. Society elects Members of Parliament to make laws on their behalf. Laws made by Parliament are known as statute laws. Australia has a type of legal system known as ‘common law’. This system allows for laws to also be
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Fun Role and Functions of Law Nicholas B. Seay LAW/421 February 4‚ 2013 Valentine Castillo Role and Functions of Law When it comes down to understanding law‚ most individuals have a better understanding of how criminal law plays a role in society instead of civil law. Modern law helps regulate business and individuals in a combination of constitutional law‚ statutory law‚ common law‚ and administrative law. These are also known as the primary sources of law as each can be used together
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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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Philosophical Foundation Professor Novich Characteristics of the Criminal Law Criminal behavior is behavior that goes against societies norms and the laws of the people. These laws are put in place to protect the people and their property. The laws are usually enforced by a law enforcement agency and punishment issued by a judicial system. There are several different characteristics that make up a body of law. Sutherland and Cressey (1974) states‚ “ the characteristics which distinguish the
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