Companys capital, Business Law and Ethics

Companys capital:

An order made by the court may-

(a) regulate the conduct of the company's affairs in future, as in Re: H.R. Harmer Ltd;- in which the father (Harmer) was restrained from managing the company in future.

(b) Order the purchase of some members shares by other members, as in Scottish Wholesale Co-operative Society v Meyer, or

(c) order the purchase of some members' shares by the company itself and a consequent reduction of the company's capital.

Posted Date: 1/15/2013 2:52:20 AM | Location : United States

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