the Study Komatsu had its origin 1894 when the Takeuchi Mining Company was founded. A major expansion occurred in 1917 when the Komatsu Iron Works was established to manufacture mining equipment and machine tools. The name Komatsu came into existence in 1921 when iron works separated from the mining company to become KOMATSU ltd. Despite a name that means “little pine tree”‚ Komatsu produces line up of big equipment. The company is the world’s second largest manufacturer of construction and mining
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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
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A to Z of Limited Liability Partnership A. INTRODUCTION The concept of Limited Liability Partnership (LLP) in India is viewed as an alternative corporate business vehicle that provides the benefits of limited liability and also allows its members the flexibility of organizing their internal structure as a partnership based on a mutually arrived agreement. The revised Bill received the assent of the President of India on 7‚ January 2009. LLP is a body corporate formed and incorporated under
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DIFFERENCE BETWEEN PRIVATE COMPANY AND PUBLIC COMPANY PRESENTED BY: DEBASIS BEHERA REGD NO:10HM08 What is company? An association of persons who contribute money or money’s worth towards a businessLord Lindley. Voluntary association formed and organized to carry on a business in the legal name of the association. Company formed and registered under company act. What is private company? Business firm in the private (non-public) sector of an economy‚ controlled and operated by private
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COMPANY AS A SEPARATE LEGAL ENTITY Definition: A legal entity‚ typically a business‚ that is defined as detached from another business or individual with respect to accountability. A separate legal entity may be set up in the case of a corporation or a limited liability company‚ to separate the actions of the entity from those of the individual or other company. Meaning: If a business is a separate legal entity‚ it means it has some of the same rights in law as a person. It is‚ for example
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was leather Merchant who converted his business into a Limited Company as Solomon & Co. limited i.e. Company. The company so formed consisted on Solomon‚ his wife and five of his children as members. The company purchased the business of Solomon for £39‚000; the purchase consideration was paid in terms of £10‚000 debentures conferring a charge over the company’s assets‚ £20‚000 in fully paid‚ £1 share each and the balance in cash. The company in less than one year ran into difficulties and liquidation
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Mini-Assignment #1 – Case: McCain Foods Limited Answer 1: If I was in charge of Asian operations for McCain Foods Limited‚ the first thing I would do is look into what I can do to get my product famous among the Chinese people‚ by finding out what their likes and dislikes are and how I can make my product appealing to them. This can be done by carrying out market research and surveys. Granted this costs a lot of money‚ but to succeed in any foreign market‚ one should first be aware of their cultures
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Running Head: Limited Liability Corporation and Partnership Paper Limited Liability Corporation and Partnership Paper University of Phoenix Michael Charley FIN/419 - FINANCE FOR DECISION MAKING Finance 05/17/2011 - 06/20/2011 Instructor: TONY MOSES In today’s economy there are many decisions business owners have to make in order for their business to sustain and grow. With that being said‚ business owners are now looking at the operations and structure of their business more frequently
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different forms of business entities available‚ a recent one being limited liability partnerships (LLP)‚ created by the Limited Liability Partnership Act 2000 (LLPA). This act came into force on the 6th of April 2001. As‚ LLP’s have qualities similar to partnerships‚ they are seen as a hybrid between a partnership and a company. An LLP is a ‘corporate body’ with ‘separate legal personality’‚ distinct from its members. Members enjoy limited liability and are not jointly and severally liable for the debts
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Television Broadcasts Limited‚ commonly known as TVB‚ is the first wireless commercial television station in Hong Kong. It was first established on 19 November 1967 with only about 200 staff. The Group has now grown to a size of about 4‚200 including contract artistes and staff in overseas subsidiary companies. The major activities of TVB are television broadcasting‚ programme production and other broadcasting related activities such as programme licensing‚ video distribution and satellite broadcasting
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