Faculty of Law COURSE OUTLINE Unit Code: LAW 2302 Unit Title: Law of Business Associations II Academic Year: 2013/2014 Semester: September 2013 Lecturer: Dr. L. M. Musikali Email: lmusikali@gmail.com Purpose of the Course: The purpose of this course is to introduce students to the main features of the company law of Kenya and to enable students to understand and critically analyse the ways in which company law balances the interests of different groups represented within the company. Learning
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resource base is under serious threat and environmental planning is essential for the survival with dignity for Bangladesh’s over 115 million people & for sustainability of the echo system. Like all other nations of the world Bangladesh also acted to the global call for the protection and conservation of natural environment & ecology. Industrial development significantly contributes towards economic growth of a country. It brings along with it a host of environmental problem too. It is increasingly being
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I. Introduction The protection of marine environment as part of the general emergence of environmental consciousness has become of paramount importance for the shipping industry. It is well known that maritime casualties act as catalysts for the creation of international and regional legislation. Therefore‚ the European Union following the “Erika” and the “Prestige” shipwrecks‚ which occurred in 1999 and 2002 respectively‚ has pursued legislative measures in response to the oil pollution of the
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PHILIPPINE ENVIRONMENTAL LAW FINAL Submitted By: Philip Baumgarten Introduction to the Philippines System of Government The Philippines has a government of representative democracy based on the United States system. The 1987 constitution‚ adopted during the administration of Corazon Aquino reestablished a presidential system of government with a bicameral legislature and an independent judiciary. The President‚ the members of the House of Representatives and the Senate are elected
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COMPANY LAW ISSUE 1 MAIN ISSUE; Danny‚ who is one of the directors‚ doesn’t hold any shares at all in the company. LAW; Section 124 talks about “Qualification of Director” Section 124 (1) states that “Without affecting the operation of any of the preceding provisions of this Division‚ every director‚ who is by the articles required to hold a specified share qualification and who is not already qualified‚ shall obtain his qualification within two months after his appointment or such
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Company Law 1) Explain the background to the case Salomon vs. Salomon. Mr. Salomon was a leather merchant in a large establishment. Solomon converted his business into a limited company as Solomon and Company limited with his wife and five children becoming members. Each member took one £1 share each. The company bought the business for £39‚000. Mr. Salomon subscribed for 20‚000 further shares. The company also gave Salomon £10‚000 in debentures (i.e. Salomon gave the company a £10‚000 loan
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appear to be in the best interests of the company both subjectively and objectively. The statutory remedy for disadvantaged shareholders‚ s 459‚ may provide a remedy for H‚ but the courts have set their face against using the section to provide a remedy for shareholders who object to the board’s bona fide actions if they do not impinge upon the ‘legitimate expectations’ of the shareholder; see‚ for example‚ Re A Company (No 002567 of 1982) (1983)‚ the wine bar case mentioned above‚ and Re Saul
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ENVIRONMENTAL LAWS OF THE PHILIPPINES ENVIRONMENTAL LAWS AND POLICIES Bio 425/426/427 (Environmental Issues and Policies) P.D. 984 – Pollution Control Law P.D. 1151 – Philippine Environmental Policy - defines the general policies on he pursuit of a better quality of life for the present and future generations and mandates the undertaking the environmental impact assessments for all projects‚ which may significantly affect the environment. P.D. 1152 – Philippine Environmental Policy - defines
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shareholders from 7 per cent to 10 per cent immediately? The argument would centre on interpretation of s246B (2) of the Corporation Act 2001. Section 246B (2) applies if a company’s constitution does not include a procedure for varying share rights (Tony & Christopher 2009). The relevant assumption in this problem is s246B (2) (d): “those rights may be varied or cancelled only by special resolution of the company and: (c) by special resolution passed at a meeting: (i) for a company with a share
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business gives the business a lot more flexibility about how to operate compare to sole traders. The second major advantage is the low administration requirements compare to form a company. Disadvantages The first major disadvantage is for partnership there are unlimited liability for Andy and Zara. The second major disadvantage is there is no separation between Andy and Zara to manage and control the business. ii) Advantages: The first major advantage is the company has limited liability for shareholders
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