Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Variation of class rights of the preference shareholders:
This was not a variation of class rights of the preference shareholders. The company could resolve to go keen on liquidation at any time and the preference shareholders would then only receive a return of capital and this they had been given.
(a) to create and issue a new class of preference shares with priority over an existing class of preference shares:
UNDERWOOD v. LONDON MUSIC HALL.
By analogy an improvement in the rights of existing preference shares, e.g. by raising the rate of preference dividend from, say, 6% to 8%, is not a variation of the rights of ordinary shareholders although it diminishes the residual profits available for distribution to the latter as ordinary dividends.
The cases cited in (a) to (d) illustrate the principle that without a "literal variation" of a class right (as defined by the memorandum or articles) there is no alteration of rights to which the safeguards of the variation of rights clause (e.g. Table A, Article 4) apply. Dr. Rice contends that the instances constitute a variation of the enjoyment of the class rights rather than a variation of class right itself.
It was noted by stakeholders that phoenix activity has evolved significantly over the past decade. First, the ATO noted that they are seeing significantly less 'asset stripping' of
Contributions of Equity Contributions of Equity as: Developed the so called maxims of equity and Provided additional remedies and Provided for the discovery of
Q. Cross agency actions - addressing phoenix activity? the ASIC, ATO and FWO all have responsibilities in investigating and monitoring elements of phoenix activity. This means
Ways which affect the behaviour of the policy maker There may be at least three ways this uncertainty may affect the behaviour of the policy maker. a) He may chose mainly th
Question 6 Indicate any amounts from these transactions that is assessable income for the 2016/17 tax year. (a) Frida is a resident taxpayer employed by Sharpe Office Supplies. Sh
Members voluntary winding up: In a members' voluntary winding up the creditors play no part since the assumption is that their debts will be paid in full. There is no committ
Explain the elements of governmental authority The theme of these draft laws is mentioned in Article 1, which says that every internationally wrongful act of a State entails th
Jurisdiction - Court of Appeal However S.64 (1) of the Constitution gives that the Court of Appeal 'shall have such jurisdiction and the powers in relative to appeals from t
Explain about the international commission of United Nations. The International Law Commission: Established into 1948 year, the mandate of International Law Commission is
Acceptance - Element of Contract However this is the external manifestation about assent through the offeree. Regarding to acceptance an agreement comes with existence between
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd