Workmen v. Associated Rubber Industry Ltd. (1985) 4 SCC 114 Facts of the Case – The Associated Rubber Industry Ltd. had purchased, some years back, shares of INARCO Ltd. by investing a sum of Rs 4,50,000. They were getting annual dividends in respect of these shares and the amount so received was shown in the profit and loss account of the company year after year. It was taken into account for the purpose of calculating the bonus payable to the workmen of the company. Some time in the course
Words: 1342 - Pages: 6
important to mangers in order to know where the company stands financially. B. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each for. The forms a company evolves from proprietorship to partnership and then to a corporation. Some advantages of proprietorship are it is easy and inexpensive to form. It is subject to few government regulations and it’s income is not subject to corporate taxation
Words: 1129 - Pages: 5
Business Law FALB 11 Sec B As I looked at the fourteen TOCs we talked about during this class to see which one really helped me out and which one really gave me the most information about the business world. I fell across one of our topics called “A Sobering Lawsuit” from week one. This topic hit home for be because it happened in the company I work for a couple of years ago. For as long as anyone could remember there has always need alcohol at our Christmas parties, which have hourly associates
Words: 552 - Pages: 3
Introduction The recent general crisis taking place around the world has many causes behind it; one of them being is financial scandals. The financial scandals are making false or incorrect attempts with the financial records of company for benefit or hiding scams. Auditing failure was another reason behind general crisis, auditing failures occurs when auditor declares that a company’s financial statements are true and fair but comprises many frauds or disclosed information. This eventually resulted
Words: 547 - Pages: 3
Tutorial 3 1. Happening Place Pte Ltd is regulated by Table A of the Fourth Schedule of the Companies Act. Tuf Tan holds 45% of the shares in Happening Place Pte Ltd. Advise Tuf Tan and the directors as to the following: a. The directors appoint Payne Soh as the company’s public relations officer (ie an employee). Payne Soh has a personal conflict with Tuf Tan on one occasion. As a result, at a requisitioned meeting of the members Tuf Tan manages to get a resolution directing the
Words: 5611 - Pages: 23
The main purpose of this report is to identify and describe the three main types of business organisations recognised in Scots law as well as introducing the advantages and disadvantages of each of the business organisation. Introduction Business is an organisation or economic system which is always owned by someone and it can be for- profit as most of the business organisations exist for, or no-profit such as charity or agricultural cooperative. There are many types of business organisations:
Words: 1943 - Pages: 8
Document hosted at http://www.jdsupra.com/post/documentViewer.aspx?fid=a427e4b9-bec6-4cfe-aada-859daad96445 [Name and address of Target’s Counsel] and address of Target’s Dear [Attorney]: Dear [Attorney]: The The following is a list of certain documents that we would like to review in connection is a list of certain documents that we to review in connection with the proposed acquisition of [Name of Target] (the “Company”). During the course of our the proposed acquisition of [Name of Target]
Words: 6772 - Pages: 28
Founded: BLL was incorporated in 1960 About company: BLL is the pre-eminent manufacturer of electric light bulbs in the country. The company has an exclusive licensing agreement with PHILIPS Electronics N.V. Holland, under which it manufacturers PHILIPS lighting products. BLL was incorporated in 1960 as a subsidiary of PHILIPS, Holland. In March 1993, PHILIPS sold its entire shares to TRANSCOM Latifur Rahman Chairman/CEO/Managing Director Product: Transtec Classic CFL Transtec HPF CFL
Words: 851 - Pages: 4
Tesco plc. * Tesco plc. Is a multinational business, it was found in 1919 and was found by Jack Cohen. * Tesco plc. Is the third largest retailer business in the whole world measured by revenues and the second largest business measured in profits? * Tesco Plc. has headquarters located in Cheshunt, Broxbourne and in Hertfordshire. * Tesco has been improving their revenue hugely every year which shows that they are very successful. * The chairman of Tesco Plc. is currently Sir
Words: 458 - Pages: 2
the corporate image, which can directly impact the financial stability of the organization. This crisis involves a recent explosion at one of the plants at the XYZ Corporation and will require the development of an external relations strategy in order to rebuild the corporate image of the organization. The goal of the XYZ Corporation will be to develop a communications and external relations strategy to explain the events that led up to the explosion at the plant and explains the steps that will
Words: 1122 - Pages: 5
