Essays Tagged: "Companies Act"

SLEPT Analysis of the Retail Financial Services Market // Part 2 - Traditional and Contemporary Modules of Building Society

on 1997page Distribution Act page 93.1.4The Law of Property Act 1925 page 103.1.5Insurance Companies Act 1974 & 1982 page 103.1.6Banking Acts, 1979 & 1987 page 113.2.Economic Issues p ... Societies Commission, and additionally allowed societies to issue shares and become public limited companies, subject to the agreement of their members.3.1.3The Building Societies Act - Distribution ...

(19 pages) 253 0 4.3 Dec/2003

Subjects: Businesss Research Papers


The relationship between law and standardsCompanies act formed in 1900 - compulsory audit of the balance sheet - not the director.Bigger busin ... rs determined by shareholders - appointing auditors, the requirement for a consistent approach.1948 Companies act - balance sheet and profit loss account must give a true and fair view, disclosure lev ... ciples, measurement and valuation rules, extended disclosure = true and fair override.1985 and 1989 companies act changes in accounting practise1) uniform formats2) Publication require ...

(2 pages) 48 1 3.0 Nov/2004

Subjects: Businesss Research Papers > Accounting

Discuss how English Company Law addresses the concern regarding the protection of minority shareholders?

o facilitate the acquisition of shares in the company. This was contrary to the requirements of the Companies Act of 1981 and was illegal therefore ultra vires the company. It was held that an individ ... tion against the company based only on ultra vires. It has been highlighted in section 35(2) of the Companies Act, which says that a shareholder cannot bring personal action against a company if the u ...

(7 pages) 53 1 3.4 Apr/2005

Subjects: Law & Government Essays

Case study on the Loan System of City Bank Ltd

or bank in Bangladesh. It was incorporated on 14th March 1983 as a Public Limited Company under the Companies Act- 1913. The noble intention behind starting of this Bank was to bring about a qualitati ... rules & regulations of Bangladesh Bank/G.O.B.Equity Participation to any Financial Institutions/Companies under the rules & regulations of Bangladesh Bank/G.O.B.Term Loan under Syndication/Con ...

(42 pages) 234 0 4.2 Apr/2006

Subjects: Businesss Research Papers > Case Studies

'It is not easy being a director.' Comment.

Under Section 4 of the Companies Act, a director includes "any person occupying the position of director by whatever name c ... ctorships, there might be a breach of duty of loyalty if a person is the director for two competing companies. Thus, a director must be mindful of holding director positions in companies which are sim ... o avert from breaching s 156 (5) which forbid conflict of interest from holding office of competing companies.Furthermore, a director is disallowed to usurp corporate opportunity without the company's ...

(5 pages) 41 0 4.0 Sep/2006

Subjects: Law & Government Essays > Law

Describe financial reporting and discuss how it is miused.

ncial reporting is the issuance of written documents in the form of the financial statements by the companies to the shareholders and other interested parties. 'The objective of these financial statem ... tween two or like firms when no legislations were enforced or any standards set. To change this the companies act was introduced and enforced in 1989.The accounting concepts are guidelines which ensur ...

(5 pages) 255 1 3.4 Nov/2006

Subjects: Businesss Research Papers > Accounting


ASSIGNMENT Question 1 The companies' act specifies that the financial statement must show a TRUE AND FAIR VIEW. Explain the co ... Accounts, accountants should, always, follow certain rules and regulations, which is abided by the Companies Act 1989. The introduction of the Companies act 1984 marked a radical departure from the a ... d Fair view' superseded that of a "˜ True and Correct view" which first appeared in 1844. The Companies act 1948 provided that true and fair view shall over ride all other requirement of the Com ...

(21 pages) 87 0 0.0 Aug/2001

Subjects: Businesss Research Papers

Incorporating a Business

rder for George to incorporate his business he must observe the registration process set out in the Companies Act 1985. The purpose of the registration process is to prevent fraud, provide a public re ... is business as a private company limited by shares the following documents must be submitted to the Companies Registry along with the required fee:Memorandum of AssociationThe Memorandum of Associatio ...

(6 pages) 25 0 0.0 Oct/2008

Subjects: Law & Government Essays > Law

Comparing Norwegian and Turkish Accounting Systems

Accounting Standards Compliance: In Norway, organizations must comply with the Norwegian Companies Act and Accounting Act with a heavy emphasis on compliance with the relevant Tax Laws (Bhi ... velop new accounting standards that would properly present accurate and comparable views of Turkish companies (Heely & Nersesian, 1993, p. 348).The IFRS standards have found their way to Norway an ... orporates most of the guidelines set forth by the IAS and IFRS in Turkey (Bazaz, 2002).Audit: Large companies are supposed to be audited by a state authorized public accountant and the other companies ...

(2 pages) 23 1 5.0 Oct/2008

Subjects: Social Science Essays > Economics > Foreign & International Economics

1)the doctrine of incorporation and its exceptions 2)the division of powers between the Board of directors and the General Meeting

ine of corporate personality and limited liability particularly in involving with group of business companies and auxiliaries and where the corporate form is being used as a barrage to commit fraud or ... e courts as holding sway as firm build of English company law. Nevertheless it is in involving with companies functioning as group structures and their auxiliaries that we observe concentrated statuto ...

(11 pages) 33 0 3.0 Feb/2009

Subjects: Businesss Research Papers > Case Studies

Legislation and Standards of Information Protection in South Africa

e for compliance, because it promotes high standards for governance in the context of South African companies (Maphakela, Pottas & Solms). Although compliance with the King Code is not prescribed ... Ellis & Cant , 2008 : 88). The following organisations are required to adhere to the King Code :Companies listed on JSE;Public sector enterprises and agencies;Banks and financial institutions; and ...

(8 pages) 16 0 0.0 Oct/2009

Subjects: Law & Government Essays > Law

Orgainsation Business Law

to trading, but her business not in receivership and liquidation, and has not been removed from the Companies Register.There are two shareholders in the company. Mile who is Wendy's husband hold two s ... n the funds in two bank accounts?Can the corporate veil be lifted?Relevant Statute and case lawS 15 Companies Act 1993 states the company has separate legal personality - a company is a legal entity i ...

(4 pages) 17 0 0.0 May/2010

Subjects: Businesss Research Papers > Case Studies

Baghat Bank

red by the bank. The term bank derived from that Italian word "Banka" and the banking refers to the companies that provides banking products and services such as checking and saving, deposits, Loans, ... d naturally there were number of bank failures. Hence the government has to step in and the banking companies act 1949 was enacted which led to gradual elimination of weak banks who were not in positi ...

(23 pages) 7 0 0.0 Mar/2012

Subjects: Businesss Research Papers

“The Statutory Company Auditor is not an employee of the company”. Discuss this statement in the context of the appointment, duties, remuneration, resignation and removal of a Company auditor in respect of both private and public companies.

t have auditors, subject to certain company exemptions under Section 205B and 205C mentioned in the Companies Act. Company auditors must be a certified practicing accountant. Auditors who want to prac ... ders do not have the right to inspect the accounting records.For this reason, the provisions of the Companies Act dealing with appointment and removal of auditors are designed to ensure that the audit ...

(10 pages) 0 0 0.0 Oct/2013

Subjects: Law & Government Essays > Law