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Explain the term RECOGNITION
RECOGNITION
The term Recognition under international law means and involves the acceptance or acknowledgment of the existence by a State of any fact or situation occurring in its relations with other States. Recognition can be categorized into the following:
To States,
To Government and
To Disputes
Compulsory winding up: At the hearing other creditors of the company may oppose the petition. If so, the court is likely to decide in favour of those to whom the larger amoun
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Effect of Voluntary Winding Up: The main difference in legal consequences between a compulsory and voluntary winding up are: (a) A voluntary winding up commences on the day
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Valid But Irregular Allotments: An allotment of shares is valid but irregular under S.52 (3) if it was made before the time of the opening of the subscription lists. The secti
Question 1: The question of morality of Public Servants has become a public issue nowadays. What according to you are the factors that have contributed to such a situation?
Restricted Names: Section 17)1) of the Registration of Business Names Act provides that no company shall be registered under a business name: (a) which contains any wo
MERGER ACCOUNTING: It may happen that, during a "take-over" of one company (A) by another company (B), shares in the latter company are issued to shareholders of the former co
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