Disadvantages of incorporation Lifting the corporate veil Lesson 2: memorandum of association Meaning and importance The purposes of memorandum The contents of memorandum The alteration of the memorandum Doctrine of ultra vires Lesson 3: articles of association Meaning of articles of association The contents of articles of association Alteration of articles of association The constructive notice of memorandum and articles 2 The doctrine of indoor management The rule royal
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historical source for the requirement of writing is the English STATUTE OF FRAUDS 1677‚ which found its way into the law of most common law jurisdictions -No action should be brought on contracts of particular types unless the agreement or some memorandum or not the agreement was in writing and signed -Designed to prevent fraudulent claims being made on the basis of false evidence (Was created at a time where a party could pay a witness to provide a false testimony of a verbal agreement between
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horizontal way. To make the quick registration of company we can take the help of the internet. …………………………………………………Need to revise ……… # Sec 12 A company can change its memorandum to census transparency. To make it activities more transpirate and clean a company can add new subject in its memorandum and reduce subject from its memorandum. It would help both the shareholder
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namely the registration of the Memorandum of Association and the Articles of Association. The contents of these are now regulated under the Companies Act 1985‚ and form the "constitution" of the company. It is from the original 1844 Act that the wording was adopted for s.14 of the Companies Act 1985 which makes reference to the contractual nature of the memorandum and articles between the company and its shareholders. "Subject to the provisions of this Act‚ the memorandum and articles‚ when registered
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company Types of Company Companies by liability S. 14(2) Companies Act 1965 provides 4 types of companies by liability:a. A company limited by shares; └ S4 company formed on the principle of having the liability of its members limited by the memorandum to the amount (if any) unpaid on the shares respectively held by them └ Liability of a member of this company will depend on whether his shares are fully paid or not └ If holds fully paid shares‚ has no further liability to the company. (If
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Memorandum to Team Committee DIGIFAST CORPORATION MEMORANDUM TO: Project Committee Team Members FROM: Jeannette Razzo‚ Project Manager DATE: July 4‚ 2008 SUBJECT: Why Digifast needs a childcare center Lately I have heard people talking about issues that they are having with working late and not having enough time or energy to spend with their children. I have also hear of talking that mothers are having a hard time being away from their children.
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VWT Task 2 WGU 1.The measles is a very contagious viral illness. In 2002‚ USA announced that measles virus was eradicated in our country. Despite the fact‚ that the world has made enormous progress in the fight against measles in the last decade‚ this virus seems to be attacking and killing people again. The measles outbreak started in the Disneyland California in December of 2014. It is still unknown‚ who brought the virus to the “Happiest place on earth”‚ but according to the CDC
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Running head: ACCREDITATION AUDIT CASE STUDY/ TRACER PATIENT TASK Accreditation Audit Case Study/ Tracer Patient Task III Crystal Shanaman WGU Accreditation Audit Case Study/ Tracer Patient Task III A1. At Nightingale Community Hospital‚ our value regarding safety is “we believe that excellence begins with providing a safe environment. We put our patients first as we seek to exceed the expectations of our customers with superior service‚ outstanding clinical care
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Tax & Federal Excise) The post of Superintendent‚ Customs & Federal Excise (under the Federal Government) was placed in National Pay Scale No.16 of Rs.400-35-750/50-1000 introduced vide Government of Pakistan‚ Ministry of Finance’s Office Memorandum No.F.1(36)GAZ-IMP.1/73 dated 18.08.1973 read with Annexure thereto. Since then it is existed in the same scale of pay whereas the same post existed in Pakistan Rangers in placed in BS-18. Similarly the post of Superintendent of Police in Islamabad
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guarantee and not having a share capital‚ every provision in the memorandum or articles or in any resolution of the company purporting to give any person a right to participate in the divisible profits of the company otherwise than as a member shall be void. (2) For the purpose of the provisions of this Ordinance relating to the memorandum of a company limited by guarantee and of sub-section (1) every provision in the memorandum or articles‚ or in any resolution‚ of a company limited by guarantee
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