The Prime Minister‚ Shri Narendra Modi‚ today exhorted people to fulfil Mahatma Gandhi`s vision of Clean India. Launching the Swachh Bharat Abhiyaan at Rajpath in New Delhi‚ the Prime Minister paid homage to two great sons of Mother India‚ Mahatma Gandhi and former Prime Minister Lal Bahadur Shastri‚ on their birth anniversary. He recalled how the nation`s farmers had responded to Shri Shastri`s call of “Jai Jawan‚ Jai Kisan‚” and made India self-sufficient in food security. He said that out of
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means that member’s liability is limited to unpaid amount on the shares taken up by them‚ it stated in section 18(3) CA 1965. From the whole assignment‚ we need to identify whether corporate veil can be lifted in the particular situation. So‚ we need to obtain an understanding what is corporate veil. Corporate veil it can define as separates company from its members‚ or we can say that legal person (company) separate from its members. Since company is a separate entity with its members‚ the company has
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The Veil and The West When it comes to Women in Islam much has been written about their dress‚ hijab‚ veils and burqas. Katherine Bullock and Asma Barlas are examples of such examiners; these two women investigated the veil and western politics of the body. Katherine Bullock observes veiling in her book “Rethinking Muslim women and the veil” by critically examining western media’s representation and perceptions of the veil. She also takes it one step further by interviewing sixteen Muslim women
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Corporate veil Introduction With the contemporary appreciation of the separate entity principle in courts‚ it has become increasingly difficult to predict the outcome of cases with precision as in the case of Salomon v. Salomon & Co Ltd (1897). Separate corporate personality has been firmly recognized by common law after the verdict given in the case of Salomon v. Salomon & Co Ltd (1897). It was confirmed that a corporation has legal right‚ personality‚ and obligations completely divergent
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The educational system. If I were the minister of education I would most probably last not more than a day or two‚ because of two main reasons. The first one is that I would honestly like to bring a change to the content of the educational system. The second main reason is that‚ recently‚ most ministers of educations that have successively occupied this position have not lasted too long‚ fortunately or not. The educational system is facing numerous problems today. The main one is that in 20 years
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topic of the Prime Minister and whether or not they hold too much power within their role. With past allegations of corruption‚ many are blinded by the true powers and limitations of what properly defines the role of our Prime Minister. Thesis: The purpose of this paper is to discuss the roles and responsibilities of the Prime Minister of Canada and evaluate his or her powers to identify whether or not these powers are limited in any way to fulfill the proper role of Prime Minister. The paper will
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LIFTING OF THE CORPORATE VEIL INTRODUCTION • The principle of 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
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Veil Lifting QUESTION The general reasoning of the Court in this area of Veil Lifting the Corporate veil has been confusing and‚ at times‚ contradictory: Discuss The question requires an analysis of whether the parent company (A); will be liable for the claims against its subsidiary‚ (b): in other words‚ whether the corporate veil can be lifted in this group structure. Both the parent company and its subsidiary are incorporate which have been legally formed. A company once incorporated‚ is a separate
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limited liability which are embodied in the doctrine of corporate veil under company law. However‚ some businessmen‚ law scholars and the public at large argue that corporate veil is nothing but a fallacy meant to dupe business people into a false sense of security. The following presentation seeks to discuss this assertion‚ bringing out the significance and exceptions of the concept of corporate veil. The doctrine of corporate veil emanate from the ruling of the case of Salomon vs Salomon 1897‚ whose
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the liquidator argued that the debentures used by Mr. Salomon as security for the debt were invalid. They argued that the floating charge should not be valid‚ and Salomon should liable for the company’s debts. The general rule is that there is a veil between the
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