Limited liability company Essays

  • Parent Company Case Study

    1235 Words  | 5 Pages

    When is a Parent Company Liable for the Actions of Its Subsidiary? From a purely legal perspective, a parent company is a legal entity that is separate from the juridical personality of its subsidiary. Still, a question arises as to whether the legal fiction of the juridical entity of each company is always strictly adhered to. In other words, may the legal separation between a parent company and its subsidiary be disregarded so that the former may be liable for the actions of the latter? If yes

  • Vicarious Liability Definition

    814 Words  | 4 Pages

    Vicarious liability As a general rule vicarious liability only arises out of the employer/employee relationship, although it can be found in the principal/agent relationship and as an exceptional case in the employer/independent contractor relationship. Vicarious liability is not a tort, it is a concept which is used to impose strict liability on a person who does not have primary liability, i.e. is not at fault. Literally, it means that one person is liable for the torts of another.. This is liability

  • Swot Analysis Of Filma

    2239 Words  | 9 Pages

    I. Executive Summary Czech Republic is a nation state in Central Europe. The Czech Republic covers an area of 78,866 square kilometers. It is a unitary parliamentary republic with 10.5 million. The Czech Republic has a temperate continental climate, with warm summers and cold, cloudy and snowy winters. The Czech Republic ranks as 37th most environmentally conscious country in the world in Environmental Performance Index. The Czech Republic possesses a developed, high-income economy with a per capita

  • Swot Analysis Of Perdana Petroleum

    2920 Words  | 12 Pages

    Malaysia and one of the largest company in south East Asia. The primarily function of the company is manufacturing, marketing and selling diverse kinds of chemical products including Fertilizers, polymers, and methanol. Their main general existence is to maximize value from Malaysia’s natural gas resources. The company begun its operations in 1985 with production of ammonia and urea, later on they have expand their operations to produce methanol which helped the company to increase its branches as well

  • Uphaar Theatre Tragedy Essay

    830 Words  | 4 Pages

    Williams, the Welsh legal scholar once said “A company can only act through human beings and a human being who commits an offence on account of or for the benefit of a company will be responsible for that offence himself. The importance of incorporation is that it makes the company itself liable in certain circumstances, as well as the human beings”. The artificial nature of a company implies that the decisions of a company or any action taken by the company are taken for it by natural persons. Any decisions

  • Essay On Gst Tax System

    816 Words  | 4 Pages

    Top 10 Advantages and Disadvantages of GST Tax in India The tax system is one of the major concerns of government all around the globe. Since ages, we are implementing different tax systems and techniques to run the government without a hiccup. The infrastructure of a government depends a lot on the tax system and it is not only today but running from ancient times. We came to know a lot about different ancient tax systems from various pundits of history. India has done something new by implementing

  • Importance Of Shopping Essay

    725 Words  | 3 Pages

    What is need to buy according to the fashion crave Shopping is always a part of the vacation experience no matter where in the world you visit. Some places are filled with famous shopping streets that almost have reached landmark. Arguably the most famous of them all is London’s West End. There are very famous shopping mall located that’s provided the products, clothes and many other accessories at very affordable price. It’s one of the busiest shopping streets in Europe and features more than 300

  • Advantages Of Limited Liability Partnership

    1636 Words  | 7 Pages

    Advantage of LLPs. The major advantages of Limited Liability Partnership are listed below: a) Limited Liability: Unlike a general partnership, an llp is a separate legal entity from its partners. Thus the partners are not held liable for the liabilities of the llp. Any debts or liabilities against the company shall not be required to be paid at the cost of partner 's assets. Whereas in general partnership the partners share the profit as well as the losses of the partnership b) Flexibility: LLP enjoy

  • Advantages And Disadvantages Of An Incorporated Company

    1283 Words  | 6 Pages

    think they should incorporate a company rather than register a partnership. According to S14(1)CA 1965, subject to this Act any two or more persons associated for any lawful purpose may by subscribing their names to a memorandum and complying with the requirements as to registration form an incorporated company. The reason I suggested to them to form a incorporated company is body corporate. According to Saloman v Saloman, the court held that incorporation of the company creates a separate legal personality

  • Indigo Brand Essay

    1504 Words  | 7 Pages

    1. Background on Indigo Brands Indigo Brands is a wholly owned subsidiary of the AVI group of companies and forms part of their fashion brands portfolio. Indigo Brands manufacture personal care and beauty products within South Africa and distribute these within its borders as well as to sub-Saharan African countries. Indigo owns the Yardley and Lentheric brands for the abovementioned regions and manufacture and distribute products for Coty international under license agreement. All of Indigo

  • Strengths And Weaknesses Of A Company

    722 Words  | 3 Pages

    A limited company is form of incorporation that limits the amount of liability of the company’s shareholders. In limited company an entrepreneur can keep their own assets separate from the business itself. It is therefore a better way for get investment without risk to a personnel wealth. There is two types of limited companies, private limited companies and public limited companies. • The limited company must be registered with companies house. It is required by the government. • The company must

  • One Person Company Case Study

    1101 Words  | 5 Pages

    From the time Company act came into act, 478 One Person Company have been incorporated. One-man company, also known as 'wholly-owned', 'single-share companies'. OPC refers that there is only one shareholder (the person or legal person), and he has limited liability depending upon the capital he invested in the company. There has to be a clear distinction between the corporate property and the individual property of sole shareholder. OPC is incorporated as a private limited company as per Section

  • The Case Of Salomon V. Sallomon And Company Limited

    1371 Words  | 6 Pages

    Generally, a company is a separate legal entity as distinct from its members; therefore it is separate at law from its shareholders, directors, promoters and as such is conferred with rights and is subject to certain duties and obligations. .Salomon v Salomon & Co Ltd [1897] AC 22 was the case that is relating to the separate legal entity. The principle of the case is that a company is a separate legal entity and thus a juristic person in the eyes of the law. Based on the case stated, Aaron Salomon

  • Kandoli Tea Company Case Summary

    2587 Words  | 11 Pages

    There are numerous cases on this point but I will refer a few of them. Case title: Kandoli Tea Company case (1886): Facts of the case: There were certain persons in Kandoli Tea Company who transferred their properties in the name of the Tea Company with the bad intent to avoid tax exemption from such property because tax was payable on that very property, Petition: Petition was moved to the court of law in which they were

  • Business Case: Solomon V Solomon And Co. Ltd.

    2193 Words  | 9 Pages

    association. This implies that it is body of bodies; in fact, a fake individual composes of regular persons. For the purpose of much legislation it considered as a legal person. An organization is separate legal personality. Under the idea of limited liability the owners of the organization under ordinary circumstances, are not answerable or in charge of the commitments of the organization in this manner owners shareholders liable just for the amount of their unpaid shares and not the commitments of

  • Veil Of Incorporation Case Study

    3526 Words  | 15 Pages

    For a company there must at least two members. In the respect of corporation, there is a separate legal entity existence. A corporation is not simply be an agent or trustee for its members and we can say that member and corporation is separate to each other. For example, an corporation own right or property which is separate to its member as the asset or the right are belong to the corporation and its not belong to members. The case that can establish the separate legal entity of a company which

  • Advantages And Disadvantages Of Business: What Is CHEMICO Ltd?

    857 Words  | 4 Pages

    CHEMICO Ltd is a private limited company or PLC and in this type of business shares will be owned by the original owners or sole trader, friends, relatives and employees. New shares cannot be sold on the open market and existing shareholders can only sell their shares if all shareholders agree. One key benefit of a PLC is that they have limited liability. A PLC is treated as a separate legal entity from its’ owners or shareholders and this makes the company itself responsible for any debts or losses

  • Case Study: Westports Holdings Berhad

    1199 Words  | 5 Pages

    Westports Holdings Berhad incorporated in Malaysia under the Companies Act as a private company limited by shares. “Westports Malaysia Sdn Bhd(WMSB)” was named after primarily involved in the plan of management services to company subsidiary and investment holding. As a private limited company under the name of “Kelang Multi Terminal Sdn Bhd” and its principal activity is port management and development of port operations. Westports core business is the container operation. WMSB is a numerous-cargo

  • Royal Dutch Shell Merger Analysis

    1433 Words  | 6 Pages

    the acquisition between Royal Dutch Shell Plc and BG Group Plc. where the acquirer is Shell and target company is BG and aims at determing the most desirable method of payment from the perspective of Shell. The first method of payment is through cash. The equity portion in the balance

  • Famous Brand Case Study

    5129 Words  | 21 Pages

    FAMOUS BRANDS LIMITED 1. SUMMARY OF FAMOUS BRANDS LTD 1.1 Origins: Famous Brands originated as one store in the 1960's when George Halamandres brought new ideas from the food industry in America to South Africa. Halamandres successfully expanded that one store to approximately 100 stores country wide, ranging from steak houses to take-away stores, being one of the first entrepreneurs to bring "franchising" to South Africa. He started a sauce factory which then supplied the sauces to these stores