Duties of company with respect to issue of certificates (1) Every company shall, within two months after the allotment of any of its shares, debentures or debenture stock, and within two months after the date on which a transfer of any such shares, debentures or debenture stock is lodged with the company, complete and have ready for delivery the certificates of all shares, the debentures and the certificates of all debenture stock allotted or transferred, unless the conditions of issue of the shares
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Business Basics * Basic Business Concepts * The Aim and Objectives of Business * The Location of Business * Types of Business Basic Concepts of Business Transactions – business is based on transactions: example a sale occurs after an agreement on value – it is referred to as a transaction Turnover - Net Profit = revenue – total costs Product or Services – business earns revenue by selling a product or a service Capital: money used by business to pay for plant, machinery
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Rigorous or Not?: A Case of Auditor Judgment for Deferred Tax Issues Case Study Rigorous or Not?: A Case of Auditor Judgment for Deferred Tax Issues Jan Taylor Morris, PhD, CPA Riggers Inc (“Riggers, “client, or “Company”) is audited by Stone LLC CPA firm (“Stone” or “auditor”). The Compa” ” ny builds and owns offshore drilling rigs. Riggers is a US-based corporation that recently expanded its operations into Brazil (the only foreign-based operations for Riggers). As a result of this expansion
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decided to leave it because different business vision. In 21/10/2010 he started its own business (heating, sanitary goods) and opened a retail store in Kaunas. Story begins here… He started his business with a business partner (BP). They chose Private Limited Company over an Individual Enterprise to limit their private responsibility. Business was financed from private savings, since the amount for start up is not huge. Initial amount to start business in Lithuania is 10.000 Lt (1 euro = 3.4528 Lt; rate
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you received Forms/letters for this year's tax filing for Form P, you have to submit the Income Tax Form or e-File Form P even if there is no business activity for the Year of Assessment. Back to Top Q2. I received hardcopy Form P for my partnership. As the Precedent Partner, can I e-File? A2. Yes if your business has not ceased operation. If you are a Singapore NRIC / FIN holder, you can log in to myTax Portal with your SingPass / IRAS PIN to start e-Filing. Back to Top
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public companies 3 Registration Procedures 3 Concept of separate Legal Personality 3 Conclusion 4 Terms of Reference Charles Prospect has requested a report on the areas of law that deals with the registration of private and public limited liability companies. The completed report is to be submitted on the 10th Oct 2014. The report will cover the types of corporate bodies that can register in the UK, the differences between private and public companies and their characteristics, the concept
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these can be Limited Liability companies and Representative office. The Limited Liability Company is independent legal entities that bear responsibility for their actions. Another definition for the limited liability Company is provided for under Article 3 (2). LLCs are usually independent from the shareholder and the individual investor. Investment in the LLC can be by an overseas company or by an individual or the domestic company. Examples of structure under the limited liability company include
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In this piece of writing I will be exploring all types of businesses there is. Businesses such as Sole Traders, Public Limited Companies and charities etc… I will write about what features there are and give examples as well. Sole Traders Sole trader is a business which is controlled and owned by one individual person. It is the smallest type of business there is. The owner is responsible for all decisions, debt and profit. The owner receives all profit in the company. Many of the decisions can
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There are many types of businesses; a sole trader is an individual who has set up a business on his own and works as a self-employer. He has the right to make all business decisions and owns all assets of the company (Mavrikakis: Watson, 2011/2012:4). ‘A sole trader has independent control of the business and any profit made is his/hers.’ (Adams, 2008:411). He has all liability for any debts the company may face and is also responsible for paying income tax on all income the business takes. Setting
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and scale of four different organisations Sole Traders A Sole trader is person who owns a business of their own. Being a sole trader is the easiest way to start a business. If you become a sole trader you don't have to pay any registration fees, keeping records and accounts is simple, and you get keep all the profits. Advantages The owner has control of the business Cheap and easy to start up – few forms to fill in and to start trading the sole trader does not need to employ any specialist
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