profitability‚ or lack thereof‚ no longer justifies continuing the corp. o Shareholders simply seek the corp’s cash and other assets to meet other needs o Liquidation often occurs in conjunction with a sale of the corporation’s business Corporation may sell the assets and subsequently distribute the sale proceeds to its shareholders in complete liquidation Corporation may distribute its assets to its shareholders in complete liquidation Buyer may purchase the target’s stock and subsequently
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it up. Any fully paid up shareholders could not be required to pay anymore. If a company is to become insolvent then the creditors do not get paid regardless of the personal financial situations of its members. Conversely where a company owns assets then those assets belong to the company and not its members. Incorporation weils its members from outsiders but on occasions the law is preared to lift the veil of incorporation. This would happen when a companys shareholders use the company to avoid
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the company suffered from dogmatic management principles largely family based .Nicholson’s shareholders were the two primary units. One was the Nicholson family y and the other were the KG Porter and other shareholders . Nicholson’s stockholders: KG Porter company was one of the major stockholders of Nicholson company with over 44.000 shares which it purchased in 1967 and was a very participative shareholder. In 1972 Porter conveyed that they would like to tender 437‚000 shares of Nicholson
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Odwalla Case Assignment In the Odwalla Case there are many stakeholders. There are the employees‚ the customers‚ the communities‚ the media‚ the suppliers‚ and the shareholders. The most important stakeholder in this case is the owners: founder‚ Greg Steltenpohl and CEO Stephen Williamson. I know they are the stakeholders because they not only have a direct economic transaction with the company but also‚ their actions affect the outcomes of the business. For example‚ they set up the values of the
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SUMMARY OF FACTS 1) Bagpat Engineering Company Limitedwas incorporated as a private limited company in March‚ 1987 with 26 shareholders. 2) In August‚ 1994‚ its name was changed to Bagpat Industries Private Limited and it was converted into a public company in the name of M/S Bagpat Industries Limited in October‚ 1994. 3) The petitioners and the respondents are closely related family membersThe petitioners are illiterate living in a small village 4) Therespondent gained some experience
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in managing assets of the company. This was reflected in huge market undervaluation of company’s stock‚ which will be demonstrated later. Coming back to the expenditure on exploration activities‚ we will find out that on per share basis‚ it cost shareholders $91. The amount is derived as per below: Per share exploration expenditure= Total exploration expenditure/ Number of sharers Per share exploration expenditure= $15.1 Billion/ 0.165 Billion=$91 Now‚ let us look how much the price of the company
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society because its only concern is to increase profits for itself and for its shareholders. He states that when companies concern themselves with the community rather than focusing on profits‚ it leads to totalitarianism. A corporation is an artificial person and therefore cannot be socially responsible. The pros of friedman’s concept: 1) Reduce profits in short run. 2) Possibility of discord with shareholders. 3) Increase cost of products. The cons of friedman’s concept : 1) Lost opportunity
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also extends to the dividends payable on the shares. The death of a shareholder does not destroy the lien. The right of lien can be exercised even through the claim has become barred by law of limitation. Where the liability of the shareholder towards the company is disputed by him‚ it does not deprive the company of its right of lien on the shares. But a company will not be able to exercise its right of lien where the shareholder has mortgaged his shares before he has incurred any liability to the
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Part of Citicorp i-flex started as a division in CITICORP (now Citigroup)‚ wholly owned subsidiary called Citicorp Overseas Software Ltd. (COSL) in 1991. Mr. Ravi Apte carved out a separate company Citicorp Information Technologies Industries Ltd. (CITIL) out of COSL and named Mr. Rajesh Hukku to head CITIL. While COSL’s mandate was to serve Citicorp’s internal needs globally and be a cost center‚ CITIL’s mandate was to be profitable by serving not only Citicorp but the whole global financial
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means this person is probably a primary stakeholder. The Shareholders(Correct) The stakeholder theory acknowledges the importance of shareholders and that maximizing shareholder value is one of the company’s primary purposes. However‚ it is important to remember that shareholders should not be considered the only stakeholders of any consequence. The Shareholders(Correct) The stakeholder theory acknowledges the importance of shareholders and that maximizing
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