• Study
    of three months. It is agreed that Keshav will be paid Rs.400 for each evening’s performance. The payment is to be made at the end of each month. This arrangement is to begin on Ist July and end on 30th Sept. On the last Friday of July, Keshav willfully absented himself. The management of IHC...
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  • right and protection of interest of the minority shareholders
     Abstract This paper examines "Rights and Protection of the Interest of the Minority Shareholders" I will discuss the recent development, issues and legal practices in the subject in Bangladesh perspective as well as international. Rights of Minority Shareholder and protection of their rights...
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  • Muna vs Kumar
    Company Law Report – Case Conference | ABSTRACT – Rangers Ltd v Muna and Muna v Rangers Ltd | As a legal team I have been summoned to provide a case conference for both Muna and Ranger Ltd. My duty is to assist them on their legal rights and analyse relevant company law issues which are raised in...
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  • Case Law
    ------------------------------------------------- Foss v Harbottle Foss v Harbottle (1843) 67 ER 189 is a leading English precedent in corporate law. In any action in which a wrong is alleged to have been done to a company, the proper claimant is the company itself. This is known as "the rule in Foss v Harbottle", and the several...
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  • Famous Law Cases
    would be inoperable until the new shaft arrived. Baxendale was negligent and did not transport the shaft as promised, causing the mill to remain shut down for an additional five days. Hadley had paid 2 pounds four shillings to ship the shaft and sued for 300 pounds in damages due to lost profits and wages...
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  • Company Law: Membership
    and must be put on the Register of Members, though they are deemed to be members without such an entry and even without allotment. ii) In the case of a director of a public company, by delivering a written undertaking to the Registrar to take and pay for his qualification shares. He becomes a member...
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  • The English rules on altering articles do not adequately protect minority shareholders. Discuss.
    Part A Question 2: The English rules on altering articles do not adequately protect minority shareholders. Discuss. At a glance, the English rules on altering Articles of Association (hereon AA) for minority shareholders do not appear adequate, however, the English legal system has the ability to...
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  • Company
    of persons who took their meals together. Section 2 of the Companies Ordinance (Cap 212) defines Company as “…a company formed and registered under this ordinance or an existing company”. Not a very helpful definition. A company is nothing but a group of persons who have come together or who have...
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  • Project
    association  The constructive notice of memorandum and articles 2    The doctrine of indoor management The rule royal brutish bank v turquand The exceptions to the doctrine of indoor management Lesson 4: The promoters          Meaning of promoters The functions of promoters. Legal status of...
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  • The Common Law Derivative Action in Hong Kong
    April 2010 Abstract This paper is a response to the First Phase Companies Ordinance Rewrite Consultation Paper Question 7 whether we should abolish the common law derivative action (the CDA) currently retained by sec. 168BC (4) in the amended Companies Ordinance (2004). This paper firstly briefly...
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  • Training
    rule in Foss v. Harbottle Introduction This chapter is concerned with the rule in Foss v. Harbottle.1 The chapter explores the historical origins and subsequent evolution of a rule whose principal effect is to bar minority shareholders’ actions. The treatment of minority actions by exception to the...
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  • Professional Liability
    Professional Liability in light of recent Court Cases and Defences to the Liability In today’s economy, professional services have become prevalent in every aspect of the society as can be seen through the practices of doctors, lawyers, accountants, engineers, and etc. Meanwhile such prevalence is...
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  • Mr B Nameko
    B-LAW NOTES UNIT-1:- CONTRACT ACT 1Q. Define contract? Discuss the essential elements of a valid contract? (Or) Law of contract is not the whole of law of agreement nor whole law of enumerating the essentials of a valid contract? (or) The parties to a contract in a essence make the law for themselves...
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  • Malaysian Business Law-Types of Corporation
    1967, a domestic company is allowed to deduct income tax at the prevailing rate from the dividends paid to its shareholders. In Section B, I will discuss the other advantages of incorporation such as separate legal entity, perpetual succession, transferability, and contractual relationship. Sole proprietor...
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  • Case Laws for Commercial Laws
    PERSONALITY Foss v Harbottle (1843) 67 ER 189 is a leading English precedent in corporate law. In any action in which a wrong is alleged to have been done to a company, the proper claimant is the company itself. This is known as "the rule in Foss v Harbottle", and the several important exceptions that have...
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  • Shareholders Agreement
    or left unanswered by the corporate statute; they work together to create the rules that govern the relationship between the shareholders. In many cases, the structure protects the basic economic interests of the shareholders more effectively than the corporate statute does on its own. ...
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  • OK FOR
    Answers Part 2 Examination – Paper 2.2(MYS) Corporate and Business Law (Malaysia) 1 December 2002 Answers This question tests the candidates’ knowledge and understanding on ‘fundamental liberties’ as provided for in the Federal Constitution. (Candidates are required to explain only five...
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  • Company Law in Malaysia - Separate Legal Entity
    with marketing and collecting payment for products which the company has made (or bought in) or services it has provided. It is necessary to go behind this image to get to the company which is the subject of company law. As we all know in Malaysia there are different types of business entities. Local...
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  • Directorsd duties
    performance are very valuable for the company. At the same time much of their duties are reflected upon the shareholders, employees as well as the creditors. This relationship between directors and members is of great importance.1 The law on directors’ duties was not properly codified in a statutory form before...
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  • Topic 9
    where it states to provide remedies for minority shareholders if the directors breach their fiduciary duties and they divert a corporate opportunity to themselves or their associates. The ability of minority members to seek rights of action at common law was restricted by the rule in Foss v Harbottle (1843)...
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