Name: Roll no: 2011203 Div: Finance B MMS II Law assignment: IPO Promoters Role INTRODUCTION The Securities and Exchange Board of India (Sebi) has tightened rules governing promoter contributions in initial public offerings by mandating a one-year lock-in period on such holdings from the date of allotment of shares to other shareholders of the company. Presently only 20% of the promoters’ share in the IPO is subject to such lock-in. Sebi has introduced this and a slew of other changes
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separate corporate personality as confirmed in Saloman v. A Saloman & Co. Ltd. [1897] forms the corner-stone of co. law. • The recognition that a co. is a separate legal entity distinct from its shareholders is often expressed as the veil of incorporation. • Incorporation of a co. casts a veil over the true controllers of the co‚ a veil through which the law will not usually penetrate. • Once a co. is incorporated the courts usually do not look behind the veil to inquire why the co. was formed or who really
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ARTICLES OF INCORPORATION OF BLUE ARRAYS CORPORATION KNOW ALL MEN BY THESE PRESENTS: That we‚ all of legal age‚ citizens and residents of the Republic of the Philippines‚ have this day voluntarily associated ourselves together for the purpose of forming a corporation under the laws of the Philippines. AND WE HEREBY CERTIFY: FIRST: That the name of the said corporation shall be: “Blue Arrays Corporation”; SECOND: That the purposes for which said corporation
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the knowledge of any other party. Definition of promoter Section 4(1) of the Companies Act 1965 defined promoter is a person preparing prospectus. (not limited to this definition alone) According to Cockburn CJ in Twycross v Grant (1877)‚ a promoter is a “person who undertakes to form a company with reference to a given object and set it going and takes the necessary steps to accomplish the purpose”. (Company Law in Malaysia‚ pg42) A promoter may be a natural person for example when the sole
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TORTS AND CONTRACT LIABILITIES AND WAYS TO AVOID THEM Potential Torts and Contract Liabilities And Different Ways to Avoid Them Abstract People who do business as a sole proprietor or in a partnership are liable for the torts committed by them and for torts committed by the business and its agents. The best way to avoid tort liability is to set establish their business as a corporation or a limited liability company. A corporation or limited liability company will
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ARTICLES OF INCORPORATION OF ____________________________________________________________________ KNOW ALL MEN BY THESE PRESENTS: That we‚ all of legal age‚ citizens and residents of the Republic of the Philippines‚ have this day voluntarily associated ourselves together for the purpose of forming a corporation under the laws of the Philippines. AND WE HEREBY CERTIFY: FIRST: That the name of the said corporation shall be: ________________________________________________________________________ _
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Occupiers Liability for Dangerous Premises Occupiers’ liability is a field of tort law‚ codified in statute‚ which concerns the duty of care that those who occupy (through ownership or lease) real property owe to people who visit or trespass. It deals with liability that may arise from accidents caused by the defective or dangerous condition of the premises. By the expression “Premises” in the context of this topic is meant‚ not only‚ land and buildings but also vehicles‚ railway carriages‚ scaffolding
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Page 1 Analysis of transcriptional regulation of the arabinose operon promoter using expression from a green fluorescent protein encoding reporter gene + + KIRA FERNANDEZ ‚ CLAIRE MARKEY * ‚ JESSE PIERATTI + Department of Biological Sciences ‚ and Department of Nutrition and Dietetics*‚ Messiah College‚ Mechanicsburg‚ PA 17055 Page 2 ABSTRACT This study investigates gene regulation and how environmental arabinose and/or glucose can interact with geno
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friends‚ or colleagues”? The Net Promoter Score or NPS‚ which is derived from this question‚ employs three factors for measuring this metric: • Promoters: people who love your company or product and will recommend to others • Passives: people who are ok with your company or product but aren’t over enthusiastic • Detractors: do not like the company or product; will not do business with you To measure NPS‚ you simply subtract the detractors from the promoters. Companies can take their NPS
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Morning Session F. Tort Liability of Healthcare Institutions and Managed Care -Liability for Employees and Non-Employees -Vicarious Liability (pages 418-431): -Agency Law and the Test of “Control”: A. Defining “Employee” in the Hospital Setting -Hospital vicariously liable for acts of employees such as nurses‚ technicians‚ clerks‚ custodians‚ cooks‚ etc. -However‚ physicians are often independent contractors using hospital facilities via staff privileges. So‚ liability of hospitals for physician
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