Winding up of Company: Winding up of a company is the process whereby its life is ended and its property administered for the benefit of its creditors and members. An administrator called a liquidator‚ is appointed and he takes control of the company‚ collects its debts and finally distributes any surplus among the members in accordance with their rights. Kind of Companies can be wound up: Only a limited company can be wound-up. The term "winding-up" (or "wound-up") bears a similar meaning of
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The procedure for creditor’s voluntary winding up: i) A board meeting convene by the company’s directors to decide on the date of the EGM and creditor’s meeting. These meeting must be held within one month from the date of statutory declaration (Form 65A) ii) The directors make a statutory declaration of Form 65 (statutory declaration of inability of company to continue business and that meetings of the company and its creditors have been summoned) and lodged with the CCM. iii) The Company’s director
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The conviction of a Royal Marine for murdering an injured Afghan insurgent should not "besmirch" the organisation‚ Prime Minister David Cameron has said. Speaking to marines at Downing Street‚ Mr Cameron said the "appalling" case in no way represented the spirit and proud history of the Royal Marines. The sergeant‚ identified only as Marine A‚ was convicted over the shooting of the unknown man in 2011 on Friday.The conviction of a Royal Marine for murdering an injured Afghan insurgent should
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The question of whether Australian law should recognise wrongful life as a compensable tort is not an easy question to answer. Both sides need to be taken into account for a decision to be made; there are many arguments both for and against the recognition of wrongful life becoming a compensable tort. Wrongful life is a form of medical negligence and has been defined as ‘an action brought by or on behalf of a child complaining of negligent conduct before birth which results in its birth when had
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Wrongful dismissal isn’t an acceptable way to get rid of staff. Do you believe you were wrongfully dismissed from your recent job? If you think you were‚ consider the five signs below. 1. Contractual Obligations If you signed a contract with an employer‚ it likely includes a termination clause. This is an important clause to reread‚ not only if you think you’ve been wrongfully dismissed but because many of these clauses aren’t drafted properly. The clause has to abide by the province’s minimum standards
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My Vocation: An Opinion‚ a Conviction and a Belief Development is an integral part of the life of human beings. As long as man lives‚ he cannot but develop his physical‚ mental‚ spiritual and emotional properties. This also applies to all things which have life and I consider my vocation as something which has life. Thus‚ it is also capable of development. Its development is based on its transition from opinion to conviction and turning into a belief. Once‚ I had an opinion with regard to my vocation
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Recent arguments have arisen discussing whether or not juries should be provided with prior criminal records of accused offenders. While some people might argue that this information should be fully disclosed‚ I believe that prior convictions should have no bearing on current accusations. First‚ everyone should be provided with impartial judgement. Second‚ you need evidence to convict. Finally‚ ex-criminals have a hard enough time going straight without prior records haunting them. First‚ perhaps
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Review “Montana: Wrongful Discharge from Employment Act” in Chapter 2. Please respond to the following: Identify the parts of this law that appear to benefit employees. ❖ An employer can only discharge an employee for a good cause. ❖ Employees can’t be discharged for reporting a public policy violation. ❖ Employees can’t be discharged for reporting employer’s violation of employer’s own written personnel policy. ❖ If employer commits wrongful discharged‚ employee may be awarded
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idea of an orderly America. The following month the Immigration and Naturalization Service began a four-year effort to deport Lennon based on his 1968 conviction of drug possession. Lennon wasn’t religious but atheist. He was one for peace and totally against war and violence. He was what they would call a “hippy”. He stood up for his convictions through protest and by returning awards to countries he didn’t agree with politically. All in all‚ John Lennon was eventually murdered for his belief and
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Negligence 1 Negligence: Wrongful Death Suit September 26‚ 2010 Negligence 2 Negligence: Wrongful Death Suit The healthcare industry is booming and people will always need to be cared for at hospitals‚ doctor’s offices‚ and etc. Healthcare professionals must be careful and focused on everything they are doing with their patients. They must keep track of patients’ charts and medical procedures. If something goes wrong with the patients’ medication‚ surgery‚ or treatment and causes
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