Section # B Ahsanullah University of Science and Technology Date of Submission : 3rd Jan, 2013 Chapter-1 Company Information GPH Ispat Limited is one of the leading integrated steel manufacturing companies in Bangladesh engaged in manufacturing of M. S. Billet & M. S. Rod. The Company was incorporated in Bangladesh on 17 May 2006 as a Private company limited by shares under the Companies Act 1994. The principal activities of the Company are manufacturing and trading of iron products and steel materials
Words: 2262 - Pages: 10
may have a limited life: it may end upon the withdrawal or death of a partner. There exist diffrent types of partner. 1) General Partnership: Partners divide responsibility for management and liability, as well as the shares of profit or loss according to their interval agreement. Equal shares are assumed unless there is a written agreement that states differently. 2) Limited Partnership and Partnership with limited liability: "Limited" means that most og the partners have limited liability
Words: 417 - Pages: 2
partnership) whose owner(s), partners, or stockholders accept personal and unlimited liability for its debts and obligations in return for avoiding double taxation of a limited company. Unlimited liability firms are exempt from filing their annual accounts with a public authority (such as Registrar Of Companies) unless they are subsidiaries of limited liability holding companies. Also called unlimited company. Definition of 'Unlimited Liability' A type of business where owners share joint and several
Words: 683 - Pages: 3
CHAPTER 2: REGULATION IN FINANCIAL ACCOUNTING Chapter 2 regulation in Financial accounting LEARNING OUTCOMES Upon completion of this chapter you should be able to understand: • The difference between management and financial accounting. • Why accounting regulations are important and required. • The need for and the structure of professional regulation, company law, stock exchange legislation and EU Directives. • How the different aspects of regulation work together
Words: 7356 - Pages: 30
Break Even COD Fathers What is it meant by added value? The difference between the price of the finished product/service and the co Dan is considering moving from a sole trader to a partnership with his brother or becoming a Private Limited Company. Advise him on the pros/ cons of these options? I recommend Dan to switch from a sole trader to a partnership as there are many benefits in changing to a partnership. One of the benefits of switching to a partnership is that there is around 2-20
Words: 357 - Pages: 2
Issue: Can a Limited Partnership be dissolved and converted into an LLC without the approval of all general managers? Rule: A limited partnership can convert to a LLC when all the owners adopt a plan of conversion to which all partners consent. A limited partnership dissolution is only allowed when all general partners and limited partners vote for dissolution, if the last general or limited partner dissociates and is not replaced within 90 days or if a court dissolves the limited partnership
Words: 288 - Pages: 2
Stakeholder: | Description: | Interest in DFS Furniture: | Interest in The University of Nottingham: | Consumer: | A consumer is an individual/organisation who buys a good/service for their personal use. They are a key stakeholder in some business’ as they are the primary source of their revenue. | A consumer would be interested in DFS, as they want them to produce high-quality, value-for-money products and the after-sales service in order to make any future sales. As they are the purchaser of
Words: 3937 - Pages: 16
risky for businesses who need a lot of money to invest. A Public limited company is where the others can buy shares into the business and - cost, paperwork A limited company is a company in which the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. And the former of these, a limited company limited by shares, may be further divided into public companies and private
Words: 1198 - Pages: 5
or bank loans. Partnerships have an unlimited liability. There are two types of limited companies: Private and public. Shareholders own private limited companies. Members of the public cannot buy the shares and the shareholders cannot buy or sell their shares without agreement from the other shareholders. Family owned businesses or larger businesses such as Virgin would fit into this category. Public limited companies have shares on the stock market and can be bought and sold by any member of
Words: 414 - Pages: 2
formal procedures Unlimited liability Independence and self reliance Financial problems Close to their customers One skill Partnership • A partnership is two or more persons joined together for the purpose of a business or profession. • The limited Liability Partnership Act
Words: 952 - Pages: 4
