(MC1306BC3055) Company Law – Topic Review 1 The main issue here is what action should Bake Chef Sdn. Bhd. and Ramos take after Wonbin had solicit clients from Bake Chef Sdn. Bhd. and transfer the title of his house to his company, Cake Mart Sdn. Bhd. to evade the contract of selling his house to Ramos. In Sec 16(5) of Companies Act 1965, a company may sue and be sued in its own name. However, under the rule in “Foss vs. Harbottle”, a company should sue the other party under its own name if the company has
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Cultural diversity in professions is a critical success factor in all aspects of business, but none as much as in Life Sciences. The webpage and company chosen to research cultural diversity in life sciences is Bayer.com. According to Bayer’s website, Bayer is a global company operating in almost all markets in the world for a little over 150 years. For a company with such a long history of over 150 years and operating in 120 countries with a little over 100 thousand employees, the question is how culturally
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Futbol is the most popular international sport in the entire world but has yet to spread its wings in the United States. Our business is founded on offering a one-stop shopping experience that is ideal for every individual, family, and community looking to immerse themselves in the sporting experience. Family Futbol is a sporting goods and apparel store that caters to the family that is passionate about the sport and dedicated to representing their favorite teams both on and off the field. People
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entities decide to merge together with their competitors in the global market and operate as one new corporation or business entity. In this paper we shall examine T-Mobile and MetroPCS Company who merged in 2012 with their new headquarters in Bellevue. One of the reasons that lead to merging together of the two companies was the need of maximizing shareholders wealth or profits. In this respect, by merging together as one corporation T-Mobile and MetroPCS estimated that they will automatically reduce
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function of estoppel in a contract of agency. (10 marks) 5 In relation to company law: (a) State the restrictions that are placed upon the right of a promoter to select a name for a company. (6 marks) (b) State the restrictions that are placed upon the right of a company to change or alter its articles. (4 marks) (10 marks) 6 In relation to company law, explain the duties and responsibilities of a director to the company. (10 marks) 7 In relation to insolvency: (a) Define the concept of insolvency
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veil is to prevent companies from using the guise of corporate personality to commit illegal and fraudulent and illegal acts. It can perhaps be said that the catalyst of the birth of this concept came about in Solomon v Solomon & Co. Ltd, wherein the concept of the company’s separate legal personality was upheld. The decision came in for severe criticism from some quarters. Otto Kahn Freund called the decision ‘calamitous’ and also proposed the abolition of private companies. There have been times
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Task 1 Organisation Definition of Organisation “A social unit of people that is structured and managed to meet a need or to pursue collective goals. All organizations have a management structure that determines relationships between the different activities and the members, and subdivides and assign roles, responsibilities; and authority to carry out different task.” (Sources: http://www.businessdictionary.com/definition/organization.html) From that statement, my understanding about organisation
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FORM 13A Companies Act, 1965 Section 22(6) REQUEST FOR AVAILABILITY OF NAME Our Ref: CSP/MY/001(1) Reference No. Fee: RM 30/-(____________) is attached herewith SECTION A: TO BE COMPLETED BY APPLICANT IN BLOCK LETTERS | | |†PROPOSED NAME: MAYA CSP SDN. BHD
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business is basically used to define the coordination and cooperation, between the members of a partnership that form a business or a joint venture or a private limited company. There are several, genuine advantages of preserving a team spirit, in such organizations, so as to ensure optimized output. There are several firms and companies, around the world, that operate as business groups and have a very well-defined set of rules and regulations, so as maintain the team spirit and ensure teamwork in their
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different businesses. In other words, Information technology based company contains different laws and regulations and banking sector involves different laws, pharmaceutical industry contains the law regarding to their business. So, it is not essential that particular one law would be compatible for every business industries. It is considered that major types of business are closed corporations, sole proprietorship and limited liability companies (Magid, Cox and Cox, 2006). Zoning law: For every business
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