cancelled only by special resolution of the company and: (c) by special resolution passed at a meeting: (i) for a company with a share capital of the class of members holding shares in the class… (d) with the written consent of members with at least 75% of the votes in the class.” (Tony & Christopher 2009) It would seem that the Company has the special resolution about the preference shares’ rights. By reliance on the assumption in s246B (2)‚ the Company will cannot increase the dividend rate for
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the low administration requirements compare to form a company. Disadvantages The first major disadvantage is for partnership there are unlimited liability for Andy and Zara. The second major disadvantage is there is no separation between Andy and Zara to manage and control the business. ii) Advantages: The first major advantage is the company has limited liability for shareholders. The second major advantage is the share of the company allow for transfer and expansion. Disadvantages: The
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appear to be in the best interests of the company both subjectively and objectively. The statutory remedy for disadvantaged shareholders‚ s 459‚ may provide a remedy for H‚ but the courts have set their face against using the section to provide a remedy for shareholders who object to the board’s bona fide actions if they do not impinge upon the ‘legitimate expectations’ of the shareholder; see‚ for example‚ Re A Company (No 002567 of 1982) (1983)‚ the wine bar case mentioned above‚ and Re Saul
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CHILOMBA v THE PEOPLE (1974) Z.R. 151 (S.C.) SUPREME COURT DOYLE‚ C.J.‚ BARON‚ D.C.J.‚ AND HUGHES‚ J.S. 9TH JULY‚ 1974 S.C.Z. JUDGMENT NO. 26 OF 1974. Flynote Criminal Law - Attempting to cause death contrary to s. 215 of the Penal Code - No unequivocal finding of actual intention to kill - Whether conviction possible. Criminal Procedure - Minor offence -Section 181 of the Criminal Procedure Code- Whether s. 224 of the Penal Code minor offence in relation to s. 215 of the Penal Code
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Family law‚ The Protection of the Child COLLEGE COMPOSITION Submitted by Connie Rozarto June 13‚ 2009 The Protection of the Child. Introduction Family law is breaking the children by allowing the constant fighting to go on between parents‚ not protecting the children‚ and encouraging divorce. Family law has lost sight of its foundations not because it is not following
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Law Essay Case Study of Stephanie and Stephen. This essay shall be based on the assumption that I am a Local authority social worker given the case referral of Stephanie and Stephen. The essay shall be focusing on the laws‚ policy and procedures that will guide through the assessment process of this case and how these can be used to meet the needs of all concerned. The assignment includes discussions on some of the key aspects of framework for the assessment of children in need and their families
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Introduction This article will discuss the advantages and disadvantages of sales force automation. Nowadays‚ salesperson in many companies have relied on top performers to keep competitive. That means a successful salesperson should take a special approach. Sales force automation is the system that contain the use of hardware and software to achieve automate the business tasks of sales and its also tie together functions‚ for example‚ sales tracking and expense reports. sales force automation also
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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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Company Law Reforms in Tanzania: The Companies Act 2002 Prior to the 1st of March earlier this year‚ the main legislation relating to companies in Tanzania was the Companies Act Cap. 212 which was enacted in 1929. This legislation regulated trading companies and other associations including the imposition tax on nominal capital‚ regulation of dividends and surpluses and related matters. This legislation was in force for over 77 years which period covered not only the tail end of the colonial period
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CORPORATE LAW AND SECRETARIAL PRACTICES | April 8 2013 | SUBMITTED BY: | INCORPORATION OF GALLANT CHEMICALS | INCORPORATION OF GALLANT CHEMICALS: MEMORANDUM OF ASSOSIATION: THE COMPANIES ORDINANCE‚ 1984 (PRIVATE COMPANY LIMITED BY SHARES) MEMORANDUM OF ASSOCIATION OF GALLANT CHEMICALS PRIVATE LIMITED 1) The name of the Company is "GALLANT CHEMICALS PRIVATE LIMITED." 2) The Registered Office of the Company will be situated in the province of BALOCHISTAN. 3) The objects
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