APPOINTMENT AND LIABILITIES OF THE “SHAREHOLDERS’ REPRESENTATIVE” UNDER TURKISH LEGAL SYSTEM | Many foreign companies are participated in Turkish companies through joint ventures‚ new company establishments or mergers and acquistions. Since the said foreign companies are located in abroad‚ they appoint one representative to deal with transactions of the company which they own shares. In order to appoint a person as a representative of a foreign company firstly‚ a Shareholders’ Resolution
Premium Corporation Limited liability company Limited liability
Topic 1 X Introduction to Company Law LEARNING OUTCOMES By the end of this topic‚ you should be able to: 1. 2. 3. 4. 5. List the types of business entities and its distinctions; Identify the various forms of companies and the changing of status; Discuss the doctrine of separate legal personality and lifting of the veil of incorporation; Describe the agency principles related to company law; and Evaluate the duties of a promoter and the pre-incorporation contracts. X INTRODUCTION
Premium Corporation Types of companies Company
A HISTORY OF COMPANY LAW IN COLONIAL AUSTRALIA: ECONOMIC DEVELOPMENT AND LEGAL EVOLUTION PHILLIP LIPTON∗ [The history of Australian company law has attracted remarkably little attention in academic literature‚ perhaps because it has mainly been seen as a copy of English law with few‚ if any‚ noteworthy features. This article points out several interesting and significant aspects of the evolution of Australian company law and considers this evolution in the context of the economic development of
Premium Corporation Limited liability Limited liability company
The Companies Ordinance‚ 1984 THE COMPANIES ORDINANCE‚ 1984 (XLVII OF 1984) ********* CONTENTS ………… PART I - PRELIMINARY Sections Pages Preamble 1 1. Short title‚ extent and commencement 1 2. Definitions 2 3. Meaning of "subsidiary" and "holding company" 9 4. Ordinance not to apply to certain corporations 9 5. Application of Ordinance to non-trading companies with purely provincial 10 objects 6. Ordinance to override memorandum‚ articles‚ etc. 10 PART II-JURISDICTION OF
Free Types of companies Corporation Limited liability
FORMATION OF A COMPANY I. Promotion : Refers to the entire process by which a company is brought into existence. It starts with the conceptualisation of the birth a a company and determination of the purpose for which it is to be formed. The persons who conceive the company and invest the initial funds are known as the promoters of the company. The promoters enter into preliminary contracts with vendors and make arrangements for the preparation‚ advertisement and the circulation of prospectus
Premium Corporation Limited company Limited liability
OVERVIEW OF CHINESE COMPANY LAW (I) Legal characteristics of Modern Company A modern company has a set of legal characteristics: 1. Independent legal personality 2. Limited liability 3. Transferability of shares / interests 4. Centralised Management 5. Investor Ownership These characteristics respond to the economic exigencies of the large modern business. 1. Independent Legal Personality Meaning: - Independent from investors and the management; - Counter-party in corporate
Premium Corporation Partnership Types of business entity
The Features of a Joint Stock Company When it comes to a joint stock company‚ one among the various types of business organizations which are instrumental towards the economic development in any country‚ the following are the various features: 1. Voluntary organization: A joint stock company is a voluntary organization or association of shareholders; 2. Legal person: It is a legal or an artificial person as a result of law. It has no physical existence; however‚ it functions as a separate
Premium Stock Corporation Joint stock company
Business sector – Private/Ltd (Limited Trade Company) A limited trade company is a company in which the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. And the former of these‚ a limited company limited by shares‚ may be further divided into public companies and private companies. Who may become a member of a private limited company is restricted by law and by the
Premium Corporation Limited company Types of companies
cosmetics manufacturing company in Bangladesh. Keya is a popular brand name at every corner of Bangladesh for super quality of the products within affordable price. Located at Jarun‚ Konabari‚ Gazipur covering an area of 28‚800sft‚ the company began its production in 1997 with a state-of-art manufacturing facility and has a strong workforce of 744 people. Incorporated in the year 1996 as a Private Limited Company Keya Cosmetics Ltd. has been converted as a Public Limited Company in the year 1999. Initial
Premium Brand Limited company Branding
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
Premium Corporation Legal entities Limited liability