project COMPANY FORMATION Welingkar Institute of Management Development & Research. Year of submission: - April‚ 2011. Acknowledgement Certificate from the guide Table of contents ❖ TITLE PAGE ❖ CERTIFICATE FROM THE GUIDE ❖ ACKNOWLEDGEMENT A. INTRODUCTION B. BACKGROUND C. METHODOLOGY D. CONCLUSION E. RECOMMENDATION F. LIMITATION G. BIBLOGRAPHY Introduction:- A company is an association of both natural & artificial persons incorporated
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effects Characteristics of a company -Companies are artificial entities with rights and liabilities separate from their shareholders or members -s119: company comes into existence as a body corporate at the beginning of the day on which it is registered with the name specified in its certificate of registration -This legal entity is separate from its members so assets of the company are not the assets of its members and contracts entered into by the company will create rights and liabilities
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Akmal Marizalee Jamielyn Jimmy Introduction o Definition - A company is an association of persons‚ existing as a separate legal entity from the owners (or members) - Legal Definition o S4(1) Companies Act (CA) 1965: corporation is any body corporate wherever formed or incorporated └ Include – any company or foreign company └ Exclude -: Public authorities‚ Instrumentalities or agencies of the Government of Malaysia or of any State or body corporate not incorporated for
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corporation. Multinational companies provide some advantages in itself. Now‚ I am going to explain the advantages of these companies. First of all‚ multinational company have big market available in different countries. They have the necessary skill and expertise to sell their products at international level. Any company can enter into a joint venture with a foreign company to sell its products in the international market. It also mean that multinational companies are able to sell far more
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TJX is the largest international apparel and home fashions off-price department store chain in the United States with 26 million in revenues in 2012. It was founded in 1956 as Zayre and is headquartered in Framingham‚ Massachusetts. Globally it is one of the top 50 retailers in the world‚ specializing in cheap apparel and footwear. With over 3‚000 stores today‚ we see the potential to expand our store base by over 50%‚ up to almost 4‚800 stores‚ with our current chains in our current markets alone
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What is MNC’s: A corporation that has its facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralized head office where they co-ordinate global management. Very large multinationals have budgets that exceed those of many small countries. Sometimes referred to as a "transnational corporation" A multinational corporation (MNC) or multinational enterprise (MNE) is a corporation
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important features of a company as per company act 1956 (India) Salient Features of Companies Act‚ 1956 | A company means an association of people to carry on an economic or non-economic activity. A partnership is different from a company as a company is a person in the eyes of law which can sue or be sued; can enter into contracts in its own name etc. It has a distinct personality of its own different from its members. The Companies Act‚ 1956 is the law that governs companies in India. It also deals
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An Overview of Kellogg Company Structure and Asia Unit. Kellogg is an American Multinational cooperation based in Michigan. The company was founded in 1906 by W.K Kellogg with the aim of providing nutritious breakfast. It produces cereal and snack foods under famous brands like Corn Pops‚ Frosted Flakes‚ Cheez-it‚ Keebler‚ Rice Krispies‚ Pringles and the newly acquired Kashi brand. It manufactures its products in 18 countries across Europe‚ Asia and Africa and its products are marketed worldwide
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Executive Summary In this case we analyst whether Timken should acquire Torrington company from Ingersoll-Rand by cash‚ issuing share to public or issuing share directly to IR. IR wanted to divest Torrington and Timken aim to acquire it. After merging with Torrington Timken will be world third largest company in bearing industry and Timken would gain more sales as Timken and Torrington has about 80% of overlapped customer. Moreover after the synergy they can reduces cost‚ increase market shares and
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1. Advantage of limited company status. Higher take home pay - You’ll typically take home around 75% - 80% of your contract by working through your own limited company‚ you can take home as much as £15‚000 per year more on a £350 daily rate compared with using an Umbrella Company. Claim on a wider range of expenses - Anything that is solely classed as a business cost can be claimed back on expenses. Trading through a Limited company means you can claim on a wider range of expenses such as accountancy
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