subsection extends to property situated outside this jurisdiction. Other company property vests in ASIC (2) On deregistration‚ all the company ’s property (other than any property held by the company on trust) vests in ASIC. If company property is vested in a liquidator (other than any company property vested in a liquidator on trust) immediately before deregistration‚ that property vests in ASIC. This subsection extends to property situated outside this jurisdiction. Rights and powers in
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pre-registration requirements are: • The selection of the classification and type of company • The selection of a company name‚ this is optional • Completion of the application of registration using form 201 • Lodgement of the application with ASIC 1 Classification and Type of Company (a) Company Classifications There are two company classifications‚ proprietary and public. Most Australian companies are proprietary limited companies because this classification and type suits the
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Birla Institute of Technology & Science‚ Pilani Distance Learning Programmes Division First Semester 2008-2009 Comprehensive Examination (EC-2 Regular) Course No. Course Title Nature of Exam Weightage Duration Date of Exam Note: 1. 2. 3. 4. : QMJ ZG621 : SUPPLY CHAIN MANAGEMENT : Open Book : 60% : 3 Hours : 28/09/2008 (AN) No. of Pages =2 No. of Questions = 7 Please follow all the Instructions to Candidates given on the cover page of the answer book. All parts of a
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REVIVING IRIDIUM “The brilliance of the technology cannot take precedence over the market case. At the end of the day‚ if you’re spending $5 billion on the technology‚ there better be a market for it. And if there isn’t‚ there will be great humiliation.” - Herschel Shosteck‚ a Wheaton-based wireless analyst‚ in March 2000. “Iridium failed to match its system to its mission which caused too much pressure on the company to get customers quickly.”
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Abstract : Mobile Telephone History This article describes how mobile telephones‚ for decades a near dormant technology‚ became the dynamic and perhaps most important communication tool of our lives. Commercial mobile telephony began in 1946. The cellular radio concept was published in 1947. But only since 1995 have mobiles become low cost‚ rich in features‚ and used world wide. We first examine mobile telephony’s early and bulky beginnings. Next‚ the long journey to analog cellular. Finally‚
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Problem: the enforcement of these duties and the remedies that flow from the different sources of law. Addressed by Part 2F.1.A – allowing shareholders to litigate on the company’s behalf in certain circumstances via a statutory derivative action. ASIC generally enforce the statutory duties arising under the Corporations Act. Part 2D.1 – duties of company officers reflecting general law principles. To whom are directors duties owed? The duty is owed to the company as a whole (company is a
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CACL 2014 Case studies and problem sets Problem Set 1 The following problems and questions should be answered after you have read Chapters 1 and 2. 1. GML is a public company. Its shares are listed for quotation on the ASX. What does it mean to say that a company is listed? Are all public companies listed on the ASX? See [¶1-120]‚ [¶1-140] and key terms [¶1-500] If a public company is listed on the ASX‚ members of the public can buy and sell securities (such as shares) issued by the company
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Part A (a) The present value of all future cash flows is a factor in the calculation of Value-in-Use (AASB 136 (30)). The Telstra Ltd management makes assumptions that future operating performance (or cash flow) of the asset can be appropriately predicted based on historical performances and expected future performances (Telstra‚ p94). This complies with AASB 136 (33)‚ (34) and (35). Future net cash flows have to be discount back to present value (AASB 136 (56)). The assumption that Telstra has
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accounting practices were employed to cover up the reality of the company’s financial situation. On 20th June 2000‚ the intangible asset of “goodwill” represented $405 million of the company’s assets . The Australian Securities and Investments Commission (ASIC) claimed that the executives “breached their duties by showing a lack of good faith‚ care and diligence for HIH’s assets.” One HIH director‚ Rodney Adler‚ was found guilty on four counts and was sentenced to 4½ years in jail. The court held that he
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The analysis of the Allentown Materials Corporation case study reveals a number of issues mostly related to the untimely death of a respected leader‚ the subsequent change in leadership‚ and also the management style of the newly appointed upper-level managers. This paradigm shift in operational management strategy is one of the root causes of the conflict between departments‚ absence of teamwork‚ and low morale. Additionally‚ radical changes are required to bring Allentown Materials Corporation
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