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Company Law

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Company Law
Assignment

Tak Wing Ho Alvin

Part A
1.The concept of corporate personality
Corporate Personality refers to a legally established company, which itself is authorized by law "person", in addition to the company itself, it does not belong to any individual, group. In other word, the company is a legal entity separate from its members. The company was established by law, will be awarded on a legal independent personality, the company became an independent entity and its members are independent of personality, which is the basic content of corporate personality. Accordingly, an independent company with its own name, in recognition of its independent existence
Subsidiary refers to a company certain amount of shares of another company controlled by or pursuant to the agreement is actually controlled by another company, dominated. A subsidiary of an independent legal entity, with all his property, his own company name, articles of association and the board of directors, in their own name to carry out business activities, are engaged in various civil activities, independent bear all the consequences and responsibilities arising from corporate actions, but major decisions involving the interests of the company or major personnel arrangements, still determined by the parent company.
Although the subsidiaries controlled by the Evergreen Co. Ltd. , but legally independent subsidiary companies still have legal status. It has its own name and constitution, and its own name to conduct business activities, property and the property of their parent company, independently of each other, each responsible for its own debt, and do not jointly and severally.

2.Advantages and Disadvantages of the corporate form of Evergreen Co. Ltd.
Evergreen Co. Ltd. set up a subsidiary, the company can make long-term business strategies that need to

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