DISSOLUTION AND WINDING UP DISSOLUTION - change in the relation of the partners caused by any partner ceasing to be associated in the carrying on of the business; partnership is not terminated but continues until the winding up of partnership affairs is completed WINDING UP - process of settling the business or partnership affairs after dissolution CAUSES OF DISSOLUTION: 1. Without violation of the agreement between the partners a. By termination of the definite term/ particular undertaking
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INTRODUCTION Winding up of a company is defined as a process by which the life of a company is brought to an end and its property administered for the benefit of its members and creditors. A liquidator is appointed and he takes control of the company‚ collects its assets‚ pays debts and finally distributes any surplus among the members in accordance with their rights. At the end of winding up‚ the company will have no assets or liabilities. When the affairs of a company are completely wound up‚ the dissolution
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Discuss the various grounds upon which the Court can order that a company be wound up compulsorily. B.H McPherson defines winding-up as a process whereby the assets of a company are collected and realised‚ the resulting proceeds are applied in discharging all its debts and liabilities‚ and any balance which remained after paying the cost and expense of winding-up is distributed among the members according to their rights and interests or otherwise dealt with as the constitution of the company
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CHAPTER ONE 1. INTRODUCTION In this chapter a researcher presents the background of the study‚ statement of the problem‚ objectives of the study‚ research questions‚ scope of the study‚ and importance of the study‚ research methodology and related literature review. 1. BACKGROUND TO THE STUDY Due to linkage between environmental rights and human rights the beginning of 1990’s witnessed the entrenchment of environment rights in constitutions of states in Africa. For instance
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company). And as a consequence joint-stock companies are commonly known as corporations or limited companies. Different Ways of the Winding up of the Joint Stock Company: Winding Up of A Company: The company is created by law‚ when the legal existence of a company abolishes it is called the winding up of a company. Following are the various kinds or methods of winding up the company: 1. Compulsory winding up by the court 2. Voluntary winding up i. Members Voluntary Winding up ii. Creditors Voluntary
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Technologies AC Generators with 2/3rd and 5/6th winding pitch White Paper Dr Jawad Al-Tayie Chris Whitworth Dr Andreas Biebighaeuser Abstract Cummins Generator Technologies has in case of parallel operation and also will a wide range of AC generator products impact on the type of neutral grounding covering many applications‚ from prime method. Paralleling generators with power to marine‚ oil and gas to name different winding pitch will require careful a few. The stator
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| A Journey from Project Selection‚ through Implementation‚ till Project Winding-Up Selection of a Project: Project Selection is a process to assess each project idea and select the project with the highest viability and highest priority. Often there will be a number of suggested projects but not enough resources‚ money or time to undertake all of the projects. Choosing a project using the right method is therefore of utmost importance. By following the Project Selection Stage one follows
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Suad Ibrahim Shahl 3 AC winding design The windings used in rotating electrical machines can be classified as Concentrated Windings • All the winding turns are wound together in series to form one multi-turn coil • All the turns have the same magnetic axis • Examples of concentrated winding are – field windings for salient-pole synchronous machines – D.C. machines – Primary and secondary windings of a transformer Distributed Windings • All the winding turns are
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JULISA WRIGHT AML 2600 MS. THORNERS CLASS FINAL TERM PAPER ANALYSIS Ann Petry’s “Like a Winding Sheet “defines a pivoting time line in history even though it is a fictional short story. This story took place in 1946 in the time when all the men would be at war and the women would be in factories making all the weapons and equipments that they would need. The women were the focal point in that era because they ensured that the men overseas were well equipped to be at war. The story was set in
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view and we can also begin to understand and tolerate the ideals of others who may think differently than our own viewpoints. One short story that has many different levels and can be viewed from many different perspectives is Ann Petry’s “Like A Winding Sheet” which tells the short tale of an unnamed African American man and his stressful life on a day that is particularly overwhelming. Many themes and perspectives can be overlooked and viewed through this story but if you can view this story from
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