Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Solved Assignments
Asked Questions
Answered Questions
change of namea companys name may be changed voluntarily or compulsorilya voluntary changea companys name may be changed voluntarilyi under
power to dispense with the word limited power to dispense with the word limited
name to end with the word limited s51a
reservation of name to obviate the risk
choice of name - name clausehowever it might be relevant to note that the registrar of english companies pursuant to his powers under the
statutory form section 14 of the act provides that the form of the
companys constitutionthe constitution of a registered company consists of two documents namely the memorandum of association and the articles of
ratified - pre-incorporation contractif the agreement is a written one and it shows that the proposed company was the contracting party the promoters
pre-incorporation contracts a
payment to promoters a promoter has no legal right against the company he promotes the main reason is that the company did not ask him to promote
legal status a promoter is not an agent of the company he promotes however the english courts have held that he stands in a fiduciary
promotiona company comes into existence from the moment of its registration by the registrar of companies however the registration is preceded by
powersthe ultra vires doctrine limits a companys powers to the attainment of the companys objects under its memorandum of association
differences between registered companies and partnershipsthe basic differences between registered companies and partnerships are as followsa
partnerships a partnership is defined by s31 of the partnership act as the relation
societies societies are associations registered under the societies act 1968 section 21
trade unions trade unions are registered under s11 of the trade unions act 1952
unincorporated associations a group of people may come together in order to pursue or
ratification of corporate actsa number of english cases which are regarded as instances of lifting the veil are those relating to informal
fraud or improper conductenglish courts have intervened on numerous occasions and lifted the veil of incorporation in order to circumvent a
trading arrangementsfrom this statement it can be inferred that if a court held that a company acted in a particular instance as an agent of its
lifting the veil under case law numerous english cases have been variously classified
fraudulent tradingsection 323 provides that if in the course of the winding up of a company it appears that any business of the company has been
take-over bidssection 210 provides that where a scheme or contract involving the transfer of shares or any class of shares in a company to
investigation of companys membershipsection 1 empowers the registrar to appoint one or more competent inspectors to investigate and report on