Law of associations, Business Law and Ethics

Jevin has operated a business as a sole trader for a number of years. Now, he is being advised by friends that he should consider registering as a company in order to gain the benefits of separate personality. He is unclear as to what is meant by this and seeks advice from you. In this context, explain to him:

(a) The meaning of the doctrine of separate legal personality and its likely consequences.

(b) The circumstances under which this doctrine will be ignored by the Courts.

(c) According to Section 21(4) of the Companies Act of 2001, companies can be classified in two broad categories. Differentiate between these categories.

Posted Date: 11/28/2013 12:14:48 AM | Location : United States







Related Discussions:- Law of associations, Assignment Help, Ask Question on Law of associations, Get Answer, Expert's Help, Law of associations Discussions

Write discussion on Law of associations
Your posts are moderated
Related Questions
Country Strategy in harmonising national It is proposed that the OMC should enhance the role of such Country Strategy in harmonising national and EC aid programmes. The OMC wi

QUESTION 1 The Financial Services Commission (FSC) is the licensing authority for businesses operating in the Global Business sector. By referring to the Global Business Catego

Question  How does the RTL Code define a 'conflict of interest'?  Give one example of how the RTL Code suggests a conflict of interest may arise.

Void Contracts - Law of Contract Whereas  the Infant's Relief Act 1874 of the UK applies to the US as a statute of general application such was in force in the UK on date 12 A

Profit and Loss Account: with s.148(1) the directors of every company shall, at some date not soon than eighteen months later than the incorporation of the company and subsequ

What is International Civil Aviation Organization The Chicago Convention on International Civil Aviation 1944 governs and regulates the laws of air space and outer space. Furth

Question 1: What are the procedures that an employer should follow before he will dismiss a worker for misconduct? Question 2: Section 39 of the Labour Act provides fo

Family and Medical Leave Act: There is a split among the federal circuit courts of appeal on whether or not public employees/officials may be considered "employers" and theref

Process to illustrate the various spillover effects A Spillover effects specifically for monetary policy in a modified version of the Mundell-Fleming model. This will be done

District Magistrate's Court - Criminal Jurisdiction However Statute Law like as Miscellaneous Amendments Act 1983 amended the criminal jurisdiction of district magistrate's co