QUESTION 1 a. Define a promoter of a company. Explain and illustrate with decided cases his legal position in relation to a company. Though the certificate of incorporation is conclusive for purposes of incorporation‚ using decided cases‚ outline circumstances under which it could be withdrawn.(10marks) ANSWER Definition; A promoter is one who undertakes to form a company with reference to a given project and to set it going and who takes the necessary step to accomplish that purpose - A promoter
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From brand values to customer value Martin Christopher Recently there has been a growing tide of articles‚ papers and even conferences devoted to the question of the future of marketing (see‚ for example Brady and Davis‚ 1993; Coopers & Lybrand‚ 1993; Mitchell‚ 1994). Essentially‚ the point at issue is whether “traditional” marketing is appropriate for the conditions that now prevail in the late twentieth century. The basic principle of marketing still applies‚ that is the focus of the business
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resulted in more problems than benefits” In cases throughout the beginning of the 20th century‚ Imperialism has proven to result in dominantly more problems than benefits. Imperialism essentially describes the acquisition‚ administration and exploitation of an area of land and its youthful resources for the benefit of the power/s that control it. Usually the dominance of powerful empires using other countries for their productions ended in disaster and death. They tried to benefit from the gains
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Achem Pte Ltd (Achem) was in the business of trading in industrial chemicals. The company was founded by Heng and Tan. Both were directors and shareholders of the company. Other than Heng and Tan‚ the other shareholders include Heng’s and Tan’s relatives and some of these relatives were also employees of Achem. Employee turnover was low and every employee was treated as part of one big family. After several years‚ Tan decided to sell his 55% stake in Achem to Union Pte Ltd (Union) because he
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the company is successfully registered‚ it becomes a separate legal entity which is different from its directors‚ owners‚ and shareholders. The company could have its own right and asset‚ and also property. Meanwhile‚ the money and resources of the company could only be used for business purpose. Even the directors can’t use the company’s asset for private uses. (Guides to obligations of proprietary limited companies 2012). According to the case‚ the four people want to establish a company which
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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 and its
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field of ethics‚ Bentham then put forward what he regarded as a scientific or empirical process for making moral decisions‚ known as the ‘hedonic calculus’. This consisted of seven key criteria one must consider when making a moral choice: - Intensity - Duration - Certainty - Propinquity or remoteness (how close at hand pleasure falls) - Fecundity (how likely pleasure is to be followed by more pleasure) - Purity - Extent (how many people it affects) Later in the 19th century‚ Bentham’s God
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greater strain upon our resources more than ever before. The question then becomes‚ what are the impacts upon our environment by our population situation‚ and is there anything that can be done to deal with the problems from this dilemma? Population Impacts As civilization has continued to grow and develop‚ so has the impact upon our environment by our exploding population. As mankind began to “modernize”‚ the Earth began to feel impacts by the choices made from its inhabitants. Beginning with
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structure of Facebook from private limited company to public limited company. Facebook values shares at ￡24 each‚ and that its shares would began trading in New York on 18th of May 2012. It is seem that Facebook would be worth £66bn at this price. The following will analyse whether Facebook can benefit from the changing between private limited company to public limited company. Ltd is the short for Private Limited Companies. Plc is the short for Public Limited Companies. Ltd is a legal structure
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said that “Laws that forbid the carrying of arms only disarm those who are neither inclined or determined to commit crimes”. Gun control laws have been around since the 1800’s ‚with the fist law coming into play in 1870.That first law about firearms stated that you would need a license if you wished to carry your firearms outside of your own home and property. Then in the 1900’s a law passed to help insure the safety of other. That law passed in 1903 and it stated that firearms could not be sold
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