and Control There are several ways in which membership of a company may be acquired: These are as follows: i) By subscribing the Memorandum. When the company is registered‚ the persons who subscribed the memorandum automatically become members‚ and must be put on the Register of Members‚ though they are deemed to be members without such an entry and even without allotment. ii) In the case of a director of a public company‚ by delivering a written undertaking to the Registrar to take
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: FINANCE COURSE : COMPANY LAW 2 CIN 2206 LECTURER : MR MAKUYANA QUESTION “By becoming a shareholder in a company‚ a person undertakes by his contract to be bound by the decisions of the prescribed majority of shareholders‚ if those decisions on the affairs of the company are arrived at in accordance with the law‚ even when they adversely affect his own rights as a shareholder.” Per Trolip JA and Ors
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SYLLABUS Semester-I 01. LAW AND SOCIAL TRANSFORMATION IN INDIA. Objective of the course. The course is designed to offer the teacher and the taught with- (a) awareness of Indian approaches to social and economic problems in the context of law as a means of social control and change : and (b) a spirit of inquiry to explore and exploit law and legal institutions as a means to achieve development within the framework of law. The Endeavour is to make the students aware of the role the law has played and has
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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 that
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Improper use of information: s 157(2) Financial assistance to director-related companies: s163 Directors remuneration and benefits: s168‚169&172 Interested persons transactions: SGX Listing Manual Section 156 disclosures: s156(1)&(5) Duty to retain discretions Duty to avoid conflicts of interests Duty to use powers for a proper purpose Duty to act in good faith in the interests of the company Liability for fraudulent trading: s 340(1) General law Duties Loyalty and good faith
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City University of Hong Kong School of Law LW3902 The Law Relating to Companies Mid-Semester Coursework Assignment Semester B‚ 2010/2011 Instructions to Students: 1. The assignment is worth 50% of the overall mark for this course. The total word limit is 2‚000 words‚ excluding footnotes and bibliography. You must do a word count and indicate the number of words on the cover page. If a paper exceeds the allowable word limit‚ only the first 2‚000 words will be read and marked. You must type the answers
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The Outsiders gives the reader hints and ideas from the story explaining how we should act and other moral issues. For example‚ a message the author describes is to stay young and innocent. The Greasers‚ specifically the younger Greasers‚ are taught to smoke and kill at a young age. This leads them to do bad things such as going to jail‚ participating in rumbles‚ and robbing stores. In other words‚ bad influence at a young age allows them to do illegal actions. By showing these actions from characters
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supermarkets. The company is facing financial difficulties due to unsuccessful. In that situation director fear the company may now be insolvent. The accountant now wants to understand the issues surrounding insolvency. According to Brown Bothers current situation it has been recommended to their director to follow the following issues. Insolvency A company which is insolvent may be put into liquidation sometimes referred to as winding-up. Insolvency means the inability to pay one ’s debts as
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business decisions on behalf of companies. Under the present rules‚ directors’ duties are enshrined in the common law rules and equitable principles as well as in statutes such as the Companies Act 1985 as amended by Companies Act 1989. It is considered that these principles lack certainty and are not easily accessible. Quite often‚ directors usually have to take advice in these kinds of areas so that they do not accidentally breach any duty enshrined in the case law. Therefore the government believes
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Case law: A promoter is defined in Twycross v Grant (1877) as ‘one who undertakes to form a company with reference to a given project and to set it going and who takes the necessary steps to accomplish that purpose’. The promoter would be the person who undertakes the formation of a company by carrying out the procedures necessary for incorporation‚ person actually interested in the company or professionals who incorporate a company as part of their business. But under Section 4 The Companies Act
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