Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
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
group accountssection 150 requires a company which has subsidiaries to lay before the company in general meeting accounts or statements dealing
liabilityliability under the section may arise on the death of a member if the death reduces the membership below the statutory minimum for the
lifting the veil of incorporationthe legal rule that a registered company is at law a different person altogether from the subscribers to the
suing and being sued because a company is at law a different person altogether from its members it follows
owning of property under act of a registered company as a person
perpetual succession according to the concise oxford dictionary
companys debtsin case a company is unable to pay its debts the creditors or a creditor may petition the high court for an order to wind it up during
practical consequences of incorporationin the course of delivering his judgment in salomons case lord halsbury stated that once the company is
effect of registrations162 of the act provides that from the date of incorporation mentioned in the certificate of incorporation the subscribers to
significance of registration s389 provides that no company or association or may partnership consisting of more
registration whether the aforesaid documents are correctly prepared in accordance with the provisions of the
public company - registration proceduresconsent to act as director form no 209if any person is appointed director of the company by the articles