CPA SECTION IV COMPANY LAW QUESTION ONE a. Identify the preliminary matters to be settled prior to the registration of companies (8mks) b. Outline the various circumstances under which the corporate personality of the company may be ignored under the statute (12mks) QUESTION TWO a. Identify the circumstances under which a company is considered a subsidiary of another (6mks) b. Highlight the various reasons that may necessitate a company to amend its object clause (6mks) c
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corporations in an established industry, entrepreneurship is a big challenge. The companies must innovate and develop new ideas in order to motivate their leaders for entrepreneurship. Two steps must be followed to achieve this goal. Firstly, companies must periodically evaluate its product performance and need to have complete information about the environment in which it is operating. Secondly, in order to achieve success, the companies must experiment with their existing products. They should have their one
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Merck (in 2009): Open for Innovation? The pharmaceutical company undergoes new drug advances, conflicting regulatory laws, and tough economic situations. With all these pressures evolving, Merck & Company felt the need to pursue open innovation strategy because the biotech company is too complicated to navigate on its own. There is so much useful information within and outside of company that would be great advantage to the company. Creating new partnerships, discovering new technological trends
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Assessment Two- Business Organisations | Business One-Public Company | Business Two- Sole Trader | Business Three- Partnership | Number of Owners | Public- 5- InfinitePrivate 1-20 | Owned and operated by 1 person | 2-20(There are exceptions to this however such as accounting practices and medical practices) | Profit Sharing | Reinvested in the company or paid out to shareholders as dividends based on their share. | Owner retains profits | Profits and Losses are shared between partners depending
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reasons for buying or using the product or service. An Order qualifier is the characteristic of a companies product or service which are set in order for a customer to consider the product or service for either purchase or use. The Order winner is what we would consider as the winning factor, giving that extra factor to win the customer or service over that of other competitors. Companies must provide qualifiers to enter the given market and become equally as good as the competitors in order
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corporation. Planning involves setting goals and outlines for the direction of the company. Organization happens as the company goes about achieving these goals that were planned. Leading is important to management because leaders are needed for success. The leaders of the company must train and motivate employees to reach the company goals. Controlling plays a major roll by having a say in the direction your company goes. Other factors that affect the four main functions of management are globalization
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Contractor Agreement (“Agreement”), entered into by and between Edegree Advisor LLC, a Delaware State limited liability company (“Company”), and _______, an individual residing at _____ (“Contractor”), on this the __ day of ______ 20__ (“Effective Date”), sets forth the understanding between the parties with respect to the retention of Contractor to furnish certain services to Company as described herein. 1. Services. During the term of this Agreement, Contractor shall endeavor to provide the Services
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Circle Corporation Circle Corporation is a small company that was started in 2001. The founder of the company is Yong Soo Kang, and he started this company with his own savings of $350,000. Before doing this he worked in Hyundai Motor Group where he started as a machinist but eventually managed the sheet metal forming processes. Circle Corporation is located in the southeastern part of Korea, in a city by the name of Busan. The company manufacturers various machine parts but specializes in
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the case facts of Delima Enterprise Sdn Bhd, the auditors from Encik Zayed’s company should be protected from the unfair dismissals by Encik Zayed. First of all, Encik Zayed cannot simply terminate the auditor and appoint a new “friendly party” auditor. Based on the Companies Act 1965, under Section 172. Appointment and remuneration of auditors, an auditor of a company may be removed from office by resolution of the company at a general meeting of which special notice has been given, but not otherwise
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subject of much activity and many experiments in recent years. It is interesting, in this connexion, to notice that in the previous edition it was stated (p. 1439) that the decision in Thomas v. United Butter Companies of France, Lim. [1909] 2 Ch. 484, that a sale oannot be made to a foreign company u-ndersection 192 of the Act of 1908, had disclosed a flaw in the Act which would have to be remedied. It has, however, been established in Be Ainglo-ContinaentalSupply Co., Lim. (supra), that the
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