veil is to prevent companies from using the guise of corporate personality to commit illegal and fraudulent and illegal acts. It can perhaps be said that the catalyst of the birth of this concept came about in Solomon v Solomon & Co. Ltd, wherein the concept of the company’s separate legal personality was upheld. The decision came in for severe criticism from some quarters. Otto Kahn Freund called the decision ‘calamitous’ and also proposed the abolition of private companies. There have been times
Words: 444 - Pages: 2
Task 1 Organisation Definition of Organisation “A social unit of people that is structured and managed to meet a need or to pursue collective goals. All organizations have a management structure that determines relationships between the different activities and the members, and subdivides and assign roles, responsibilities; and authority to carry out different task.” (Sources: http://www.businessdictionary.com/definition/organization.html) From that statement, my understanding about organisation
Words: 4680 - Pages: 19
FORM 13A Companies Act, 1965 Section 22(6) REQUEST FOR AVAILABILITY OF NAME Our Ref: CSP/MY/001(1) Reference No. Fee: RM 30/-(____________) is attached herewith SECTION A: TO BE COMPLETED BY APPLICANT IN BLOCK LETTERS | | |†PROPOSED NAME: MAYA CSP SDN. BHD
Words: 346 - Pages: 2
business is basically used to define the coordination and cooperation, between the members of a partnership that form a business or a joint venture or a private limited company. There are several, genuine advantages of preserving a team spirit, in such organizations, so as to ensure optimized output. There are several firms and companies, around the world, that operate as business groups and have a very well-defined set of rules and regulations, so as maintain the team spirit and ensure teamwork in their
Words: 1073 - Pages: 5
different businesses. In other words, Information technology based company contains different laws and regulations and banking sector involves different laws, pharmaceutical industry contains the law regarding to their business. So, it is not essential that particular one law would be compatible for every business industries. It is considered that major types of business are closed corporations, sole proprietorship and limited liability companies (Magid, Cox and Cox, 2006). Zoning law: For every business
Words: 764 - Pages: 4
All For One or One For All AIU Online Abstract A product that does it all for its consumer, that’s what one dreams about. If it vacuums one would also like to see it mop, if it dusts one would like to see it polish as well. What does it take to get a product like this on the market and not only stand out, but also succeed? Should one that finds the capabilities to invent such a product take a legal standpoint and keep in mind of ways to put this product on the market. Sole Proprietorship
Words: 926 - Pages: 4
Eastern Asian Enterprise Structures and tlie Comparative Analysis of Forms of Business Organization Richard D. Whitley Abstract Richard D. Whitley Manchester Business School, Manchester, U.K. The economic success of different forms of business organization in East Asian countries emphasizes the variety of viable enterprise structures and suggests the need for a comparative analysis of how they develop and operate in different societal contexts. Major differences between East Asian business
Words: 12884 - Pages: 52
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
Words: 291 - Pages: 2
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
Words: 383 - Pages: 2
LJB Company Audit Report regarding Internal Control Activity Requirement Evaluation for Initial Public Offering and Indelible Ink Printer Procurement Recommendation Author: Phillip Stevens, Buck Stops Here Accounting Associates Securities Exchange Commission Internal Control Requirement Explanation As part of the Initial Public Offering application process with the Securities and Exchange Commission, companies are required to document and validate their internal control activities including
Words: 851 - Pages: 4
