Case law: A promoter is defined in Twycross v Grant (1877) as ‘one who undertakes to form a company with reference to a given project and to set it going and who takes the necessary steps to accomplish that purpose’. The promoter would be the person who undertakes the formation of a company by carrying out the procedures necessary for incorporation‚ person actually interested in the company or professionals who incorporate a company as part of their business. But under Section 4 The Companies Act
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which the Court can order that a company be wound up compulsorily. B.H McPherson defines winding-up as a process whereby the assets of a company are collected and realised‚ the resulting proceeds are applied in discharging all its debts and liabilities‚ and any balance which remained after paying the cost and expense of winding-up is distributed among the members according to their rights and interests or otherwise dealt with as the constitution of the company directs. S213 of the 1963 Act sections
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with the company. The articles of association are the primary source of the provisions determining these internal relationships‚ and they will form the basis of this question and also be combined with aspects of directors’ duties‚ variation of class rights and s459 of the Companies Act 1985. I will split the issues that arise in this question into two parts. The first part would be to deal with Sheila‚ and to establish whether she can prevent the alteration of the objects of the company. The second
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Question 1 James runs a single director proprietary company called Jamboos Pty Ltd a) Explain the rules that Jamboos must operate under and James’ powers under the Corporations Act. In Corporations Act‚ S198E‚ 201F and 202C contain certain provisions that govern the operation of single director companies. These provisions apply whether or not the single shareholder company has adopted a constitution which include: The director may appoint another director by recording the appointment and signing
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Jennifer J. Argo & Katherine White When Do Consumers Eat More? The Role of Appearance Self-Esteem and Food Packaging Cues Prior research has found that under certain conditions‚ small packages can paradoxically increase consumption. The authors build on this work by suggesting that people low in appearance self-esteem (ASE) are particularly sensitive to external control properties (i.e.‚ packaging-related factors that signal the ability of packaging to regulate food intake) and‚ as a result‚ increase
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South eventually seceded from the Union launching the American Civil War. The South fought to become its own nation while the North fought to bring the nation back. Eventually‚ because of a significantly larger population‚ more supplies‚ and superior logistics‚ the North won and the South was forced back into the Union. Both sides were hurt badly by the war‚ losing a substantial number of people and resources. The South was left in a state of total destruction ranging from lawlessness to austere
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impact and benefit of globalisation on developing nations. The impact of globalisation for developing countries is many. Globalisation has intensified interdependence and competition between economies of the nations in the world market. This is reflected in regard to trading in goods and services and in kineticism of capital labour and employment environment. Globalisation also thrown up new challenges to developing countries like volatility in financial market‚ abuse of labour and environmental degradations
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under the law this contract was not valid. Steve the salesperson was completely liable under the law for entering a contract with an underage minor. As a car company representative there is protocol which must be used when entering into any contract and a major part of protocol is to ensure that both parties are of legal age at the time of sale. Another possibility that may be a remedy for this situation is for Car Company to take legal action against Jeff‟s legal guardians. Under the law any minor
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Mount Crest University College Course: Company Law Intake 2 Weekend Assignment Naa Amerley Quaye (B12010042) QUES: Yentua Company Ltd. was incorporated on 10th June‚ 2010. Its objects are construction and civil engineering works. It now wants to obtain a certificate from the Registrar in order to start working. What information should it present to the Registrar before it can be issued with this certificate? There are legal rules governing the commencement
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How can small and medium- sized companies benefit from the use of business technology software? The purpose for the majority of the small and medium-sized companies is to improve their sales or growth. Nowadays‚ the online sales and the electronic data analysis represent a crucial phase to achieve this. Since a considerable number of years now‚ the use of software in the decision making by the large companies has been a regular practice. The competition this business faces is fearful‚ and the decisions
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