assistance to directors: s162 Improper use of information: s 157(2) Financial assistance to director-related companies: s163 Directors remuneration and benefits: s168‚169&172 Interested persons transactions: SGX Listing Manual Section 156 disclosures: s156(1)&(5) Duty to retain discretions Duty to avoid conflicts of interests Duty to use powers for a proper purpose Duty to act in good faith in the interests of the company Liability for fraudulent trading: s 340(1) General law Duties
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tried as adults and sentenced to “die in prison”‚ without any consideration of their age or offense. Many young children in America are affected by abuse‚ neglect‚ domestic and community violence‚ and poverty. For many of these youth the act of wrongdoing is a cry for help. Without effective intervention and help‚ a majority of these children suffer and struggle to maintain any type of stability in their lives. For many kids‚ these unstable environments make it difficult to manage the
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them to be shareholders to form a company. Then Rolly acquired a shop lot worth RM350‚000 in order to prepare for the company in future. She bought this shop lot below the market price as the vendor was looking urgently to sell it. After the company is formed‚ she sold the shop lot to Jiggles Sdn. Bhd. at market price. Thus‚ she gained a lucrative profit of RM200‚000 without the knowledge of any other party. Definition of promoter Section 4(1) of the Companies Act 1965 defined promoter is a person
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ZAMBIAN OPEN UNIVERSITY SCHOOL OF LAW COMPUTER No. 21110141 LARRY HORE NJUNGU BACHELOR OF LAWS (LLB) COURSE: CONTRACT LAW (LL 12) LECTURER: GREENWELL LYEMPE ASSIGNMENT No. 2 SECOND YEAR‚ 2ND SEMESTER MOBILE: 0977 666160 CONTACT ADDRESS: PLOT 3601/4‚ MAPEPE ROAD‚ OLYMPIA PARK‚ LUSAKA TASKS: (i) Purpose of contractual remedies and whether they serve their intended objective (ii) Relationship between agency and principal (ii) Misrepresentation
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Law enforcement agencies are molded after armed forces groups in relations of their physical activity and rank organization. Law enforcement officers share the connection of attendance at the law enforcement academy‚ wear class a or class b uniforms and are obligated to follow the instructions of those of greater rank. There are a small number of variations‚ almost all municipal law enforcement agency departments use alike rank structure. The highest rank is typically the law enforcement commissioner
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legal effect of common law and the Companies Act 1965 on pre-incorporation contracts. Pre-corporation contract is one which is entered into when the Company is in the process of being incorporated but is not yet completed it. At common law such contracts were held to be void‚ as the company is not yet in existence. - Newborne v Sensolid Ltd. In the common law effect‚ Pre-incorporation contracts cannot‚ in theory‚ be made by the company or by its promoter since the company or the principal does not
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Gestão da Produção Case: Quality Parts Company List of Tables List of Illustrations 1) Introduction Quality Parts Company is an enterprise that supplies gizmos for a computer manufacturer. There are three products (X‚ Y‚ Z)‚ and basically all of them need the same machines‚ except for product Z which has milling as the first operation. The demand can range from one hundred and twenty five to one hundred and seventy five products per month
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Case Study: Quality Parts Company 1. Which of the changes being considered by the manager of Quality Parts Company are counter to the lean philosophy of the company? Lean production is a philosophy and a way of working involving eliminating all forms of waste (where waste is defined as anything that does not add value in the production process and supply chain). Many changes being considered by the manager are counter to lean philosophy. These are: Installing an automated ordering system to help
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Q1. At the beginning‚ in this case‚ we may identify two issues needed to be discussed. The first one is whether Kwan or Lau&Kwan Co. would be liable for the debt incurred by Lau. The second issue is whether Lau&Kwan Co. has established a place of business in Hong Kong. In the light of s.7 of the Partnership Ordinance‚ “acts of every partner‚ who does any act for carrying on in the usual way business of the kind carried on by the firm‚ bind the firm and his partners‚ unless the partner
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Directors have powers to take majority business decisions on behalf of companies. Under the present rules‚ directors’ duties are enshrined in the common law rules and equitable principles as well as in statutes such as the Companies Act 1985 as amended by Companies Act 1989. It is considered that these principles lack certainty and are not easily accessible. Quite often‚ directors usually have to take advice in these kinds of areas so that they do not accidentally breach any duty enshrined in the
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