Qualification of director 1. S 122(1) – Director must have principal or only place of residence within Malaysia. The term residence is not defined in the Act but in the case of Fong Poh Yoke v The Central Construction Co (M) Sdn Bhd [1998] 4 CLJ Supp 12, it means residence in one place with some degree of continuity. 2. S 122(2) – Must be a natural person of full age. 3. S 125(1) – An undischarged bankrupt may not (except with the leave of the court by which he was adjudicated
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FREQUENTLY ASKED QUESTIONS 1. What is a cooperative? A cooperative is a duly registered association of persons with a common bond of interest who have voluntarily joined together to achieve a lawful, common social or economic end and who contribute equitably to the capital required and accept a fair share of the risk and benefits of the undertaking in accordance with universally accepted cooperative principles [Chapter I Art.2 Sec.8 of RA 6938]. 2. What government agency is charged with promotion
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Liability for Alice's Death I am asked to advise in relation to the death of Alice, as it appears that Noah may have contributed significantly to this death. According to the facts, the death of Alice appears to have been caused by the events preceding Noah leaving the vessel in the life raft. The question is whether this act would amount to involuntary manslaughter, given that there would be insufficient grounds for a charge for murder given the lack of intent. The modern test for involuntary
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company on the behalf of the shareholders of the company. It is under the law stated in The Corporations Act 2001 s198A (1), “the business of the company is to be managed by or under the direction of the directors. All directors have a fundamental legal duties and responsibilities (Australian Institute of Company Directors (AICD), n.d.). A public company must have at least 3 directors (not counting alternate directors). At least 2 directors must ordinarily reside in Australia (Australian Securities
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A++PAPER;http://www.homeworkproviders.com/shop/acc-561-week-2/ ACC 561 WEEK 2 You are interested in establishing a small business, and you must decide which form of business organization would best suit your unique product or service. Consider legal, tax, accounting, and other implications when selecting from the four business types. Write a paper of no more than 1,250 words discussing your small-business idea. Include the following: The advantages and disadvantages of the different
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existing contractual obligations ( it was a “mere cloak or sham” used as a device ( corporate veil was lifted. Agency relationship of holding company & subsidiary ❖ Adams v Cape Industries: Subsidiary companies will be treated as separate legal entities. ➢ *C, holding company, set up subsidiaries in US specifically to evade US product liability laws. ➢ Holding company was not present in the US even though its wholly owned subsidiaries were ( holding company’s assets cannot be attacked
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LIT1 Task 1 part A Sole Proprietorship- This is the most common way to do a startup business in the US. There is no distinction between the owner and the business. This is owned by one person * Liability- The owner of the business is solely responsible for all liability (unlimited liability) * Income Taxes- The owner of the business pays taxes on the income generated as ordinary income. For tax purposes, all income needs to be reported on their personal tax forms. * Continuity-When
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Courtroom Workgroup Bobbi Knapp CJA/204 August 3, 2015 A. Michael DeFranco Courtroom Workgroup The courtroom work group entails courtroom personnel including the judge, the bailiff, the court reporter, the clerk of court, the local court administrator, prosecuting attorney, the defenses counsel and expert witnesses. This group of individuals have frequent an ongoing interactions on a daily basis. As each member of the courtroom workgroup fulfill the duties their profession expects, they
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P1- Describe the type of ownership, purpose and ownership of two contrasting Businesses |Key Content: | |Range of different businesses: local; national; international; global; public; private; not-for-profit/voluntary; sectors of business activity (primary, | |secondary and tertiary)
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GOOD SAMARITAN LAW GUIDELINES 1. The Bystander is allowed to leave immediately after safely taking the injured person to the hospital without getting questioned only after giving the address. 2. The Bystander should be compensated or rewarded for his act to encourage others to come forward to help the road accident victims 3. The Bystanders shall not be liable for any civil or criminal liability 4. The Bystander shall not be compelled to reveal their personal details while informing
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