Abstract: Upon acquisition of legal personality a company enjoys certain attributes such as limited liability. While the separate legal personality of a company enables it to enjoy rights and assume obligations quite different from its members, the limited liability of shareholders refers to the fact that the company alone is liable for its debts. However, such privilege of limited liability may not always exist when the legal personality of a company is abused and used for illegitimate or unlawful
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transactions. Elements of a Contract: 1. Agreement – between parties, requires an offer and an acceptance, and mutual assent. 2. Consideration – EX: money, personal or real property, provision of services. 3. Contractual Capacity – have to have the ability to enter into the contract – have to be sane. 4. Lawful Object – can’t be an illegal contract, or involve illegal duties/sutf. Two defenses may be raised to the enforcement of contracts: 1. GENUINENESS OF ASSENT – The consent
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$(20) Closing $ 810 (2-7) The Talley Corporation had a taxable income of $365,000 from operations after all operating cost but before (1) interest charges of $50,000, (2) dividends received of $15,000, (3) dividends paid of $25,000, and (4) income taxes. What are the firm's income tax liability and its after-tax income? What are the company's marginal and average tax rates on taxable income? Operating income $365,000 Interest charges ( $ 50,000)
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British Airways Plc Annual Report and Accounts Year ended 31 December 2011 Company registration number: 1777777 Contents Officers and professional advisers 1 Directors’ report and business review Business review Management review Financial review Internal controls and risk management Directors’ report 2 4 6 9 Directors’ responsibilities statement in relation to the financial statements 12 Independent auditors’ report 13 Group financial statements Group consolidated
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Bangladesh Steel Re-Rolling Mills United International University QUEST FOR EXCELLENCE acade Report On: Golden Harvest Agro Industries Ltd. & Bangladesh Steel Re-Rolling Mills Limited Topic: Disclosure of BASs & BFRSs Course Title: Corporate Financial Reporting Course Code: AIS 4303 Submitted To: James Bakul Sarkar Assistant Professor & Deputy Director, BBA Program United International University Submitted
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Conte nts Company Information Notice of Annual General Meeting Directors ’ Report Financial Highlights Statement of Compliance with the Code of Corporate Governance Review Report to the Members on Statement of Compliance with Best Practices of Code of Corporate Governance Nis hat (Chunian) Limited - Financial Statements Auditors’ Report Balance Sheet Profit and Loss Account Statement of Comprehensive Income Cash Flow Statement Statement of Changes in Equity Notes to the Financial Statements Pattern
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Business Law II Research Paper The advantages, from a liability standpoint, of a business incorporating and that given a business is going to incorporate…the difference in tax treatment between a C-Corp, Subchapter S and an LLC When businesses are started, one consideration that must be made is what type of business it will be. Many decide to incorporate themselves and look to the advantages they may gain from this. Liability may be one of the biggest advantages to incorporating a
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Building and Sharing Vital Infrastructure Building and Sharing Vital Infrastructure Bharti Crescent, 1 Nelson Mandela Road Vasant Kunj, Phase II, New Delhi - 110 070 www.bharti-infratel.com Annual Report 2012-13 Table of Contents Corporate Information 1 Board of Directors 2 Performance at a Glance 4 Joint Message from the Chairman and Managing Director 6 CEO’s Message 8 Corporate Social Responsibility 10 Directors’ Report 15 Management Discussion
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COMPANY LAW – Part 1 By Carl T. Abruquah Introduction The company is a form of business organization that involves a greater number of owners than a sole proprietorship or a partnership. It is a form that has arisen to meet the exigencies, complexity and rapidly expanding dimensions of business. It is a convenient form of business organizations in the sense that it enables investors to contribute to the capital of the organization without taking active part in its management. The rules
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food and restaurant Ltd aims at tapping the culinary skills and provides a flexible work-from home business approach. Moreover, the business provides a low risk approach into an ever-popular food service and restaurant industry. It is the aim of the company to tap into the high demand in the food and restaurant industry. There is increased demand by various individuals on the availability of the food service over the internet, and place where they can enjoy various food service at serene environment
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