Nobody downloaded yet

Capital Accumulation for Beautiful You Ltd - Essay Example

Comments (0) Cite this document
Summary
Capital Accumulation for Beautiful You Ltd (Date) Introduction The ever changing business environments often force entrepreneurs to apply emergent strategies that have the potential to determine the overall sustainability of their firms…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.7% of users find it useful
Capital Accumulation for Beautiful You Ltd
Read TextPreview

Extract of sample "Capital Accumulation for Beautiful You Ltd"

Download file to see previous pages This report will point out the documents need to be prepared and the various mandatory procedures Alethra Brotherton and her partner and Beautiful You Ltd. need to comply with, in order to issue the shares to Expansion Capital plc or, alternatively, borrow the money from the bank and create the security required.  I. Legal Procedures and Documentation Required According to Bos (1969), every business transaction is a legal activity as each business concern is a separate legal entity. In the given case, there are two options available for the Beautiful You Ltd to finance its planned expansion. One is to acquire ?150,000 from Expansion Capital plc in return of one third of the shares of the company. The second option allows the company to receive ?100,000 from the company’s bank on the strength of a fixed charge over the new shop premises. In order to proceed with both these options, the Beautiful You Ltd has to prepare certain documentations and comply with other legal procedures. If the company decides to finance its proposed business expansion plan by acquiring funds from Expansion Capital plc, it needs to issue one third of its shares to Expansion Capital plc. Since the Beautiful You Ltd is a private company, it is not required to state the authorized share capital. However, if the Beautiful You Ltd has registered before 01.10.2009, it would have an authorized share capital provision in its memorandum of association if it has not been removed. In such a situation, the Beautiful You Ltd can issue shares only up to its authorized capital amount which is stated under the capital clause of the memorandum of association. If the company has no sufficient authorized capital available, it must amend the articles before the share issue. A copy of the passed resolution, a form of G123, and the altered memorandum must be registered at Companies House. However, these procedures do not affect the Beautiful You Ltd if it had been formed after 01.10.2009. Although the share allotment is a matter of management, the directors are subjected to some statutory obligations in order to prevent abuses of powers. The directors have the authority to allot shares if the company has only one class of shares; this provision is also subjected to specific restrictions in the company’s articles (sec550, CA 2006). In contrast, a special resolution (sec51, CA 2006) or a provision in the company’s articles must authorize the directors to allot shares if the company has more than one class of shares. While taking a decision regarding share issuance to the Expansion Capital plc, the beautiful You Ltd must consider the pre-emptive rights for existing members, which have been defined as statutory pre-emptive rights in sec561, CA 2006. However, the Beautiful You Ltd can exclude these rights by either a provision in the company’s articles or by passing a special resolution (sec569-sec571). When the Beautiful You Ltd takes such a capital accumulation decision, some of its existing shareholders may waive their rights to them. Under such circumstances, the company has the legal obligation to offer shares to them. After ensuring that all the above matters has been attended, the directors of the Beautiful You Ltd may resolve to allot shares by clearly stating number and class of shares, the price paid, the allottees, whether for cash or other assets. The directors must issue share certificate to the Expansion ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Capital Accumulation for Beautiful You Ltd Essay”, n.d.)
Retrieved de https://studentshare.org/law/1390204-company-law
(Capital Accumulation for Beautiful You Ltd Essay)
https://studentshare.org/law/1390204-company-law.
“Capital Accumulation for Beautiful You Ltd Essay”, n.d. https://studentshare.org/law/1390204-company-law.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Capital Accumulation for Beautiful You Ltd

A Beautiful Mind

...? Essay on the movie "A Beautiful Mind" Plot Summary ‘A beautiful mind’ is a really interesting movie about a schizophrenic mathematician, John Nash, who dedicates his all life to find a revolutionary formula that can change life. Ironically, trying to solve like an equation cannot work out. We find our true happiness by letting go and just let life to happen on us. ‘A beautiful mind’ is an exaggerated tale of the life law, and how terrible life can get if we attempt to solve its nonexistent formulas. John Nash is a really awkward person, poor in social situations, but astonishingly talented mathematician. He is always finding a revolutionary discovery to change life or rather a life...
4 Pages(1000 words)Essay

Is Black Beautiful

...of the of the World Literature Submitted Is Black Beautiful? Introduction The quest for black identity has undergone many phases and transformations in the last century. Try as we might, we cannot wipe the stigma that the white man has attached to blackness from the beginning of time- that white is superior to black, or what is more visible in reverse- that black is inferior to white. The efforts of Fanon, Senghor and Cesaire in the Negritude Movement are to be commended as a positive and long lasting step in this direction. They have made us feel that black can be beautiful too. Discussion Let us look at the search for black identity in Fritz Fanon’s ‘Black Skin, White Mask’, Leopold Senghor’s ‘Letter...
3 Pages(750 words)Essay

Golden Rule of Capital Accumulation and Macroeconomic Policy

...?Golden rule of capital accumulation and macroeconomic policy The long-run growth model or the Solow Growth Model was developed by Nobel laureate Robert Solow. This model discusses about the long run accumulation of capital stock that is consistent with the steady state rate of growth in the particular economy. This is the neo-classical model of economic growth. In 1946, Robert Solow and T. W. Swan independently developed this exogenous growth model. This steady state rate of growth is consistent with the economy’s natural rate of output. Policymakers use this model to understand why different countries grow at different rates and this is the main relevance of this model....
6 Pages(1500 words)Essay

Exodus Venture Capital Ltd

...?   Exodus Venture Capital Ltd: Investment Decision of the Registration Number of the Submitted Exodus Venture Capital Ltd: Investment Decision Table of Contents S. No. Topic Description Page I. Introduction 2 II. The Importance of Financial Ratios 2 III. Types of Financial Ratios 3 IV. Evaluation of Brindley Ltd. & Haines Ltd. Using Ratio Analysis 3 V. Limitations of Financial Ratios 7 VI. Additional Information That May Help in the Investment Decision 8 VII. Recommendation 8 VIII. References 9 Exodus Venture Capital Ltd: Investment Decision Introduction Every business that comes into existence has some...
6 Pages(1500 words)Assignment

Globalisation: small is beautiful

...Globalisation: Small is Beautiful Globalisation Starting of it is imperative that one defines what true globalisation is and what is meant by the term in its literal sense and also give credit to the people initially coined the term and what are the true implications of globalisation in the contemporary world. Globalisation in one of its truest and most literal meanings means the process that is used to make a local phenomena or a concept a global or a globally accepted one and to market it through out the world in order to achieve certain organizations or for that matter any sort of goal. The term 'global village; is also being used to describe the process of Globalisation because true Globalisations unites the people of...
9 Pages(2250 words)Essay

Communication and Global Capital Accumulation

...Over the past two decades, nothing short of a revolution in communication, culture and the strategies for cultural production, has unfolded. In turn, the communication tools and strategies introduced via this revolution have fundamentally impacted the ways and means by which culture is produced and, in a very real sense, have expanded the domain of cultural production. Enabled by the phenomenon of capital accumulation, the tools of this revolution have further contributed to increased capital accumulation. Indeed, the emergence of the Internet as a medium for communication, an arena for the production and redefinition of culture and the formation of cross-national/cross-ethnic communities has fundamentally altered the nature... that the...
4 Pages(1000 words)Essay

A Beautiful Experience

...unchanged. I realized that this man had immense patience and the focus of an eagle that targets its prey on earth when it is flying high. I began to get more and curious about the activities of this man, but unfortunately for me, there were none except his calm, poised self at work. As I looked on, I realized he had finished his work and was winding up his pad and pencil, gulping down what remained of his coffee, which I am sure, would have turned cold by now. I saw him rise to leave and I could not stop myself from running up to him on the door and asking for a glimpse of what he had accomplished in the last half of an hour. “Are you a painter?” I asked. “No. I am an undergraduate student. This is my first...
2 Pages(500 words)Essay

Life is beautiful

...Film analysis: Life is beautiful The film Life is beautiful is presented in two fold view. These views are presented by different characters in the film. The two main characters offer two different views of the world in the concentration camp (Benigni). The films focus is about the holocaust, but it presents the theme by using comedy to create the two views about the world. Guido develops a different world for his son even unto death the son does not understand the current situation. Giosue’s life is marked with the belief that everything is fine, despite living in the concentration camp, which has racist issues. The belief that the world is beautiful is created by Guido for his son. In...
1 Pages(250 words)Essay

Neoliberalism, growth and Accumulation

...Neoliberalism, Growth and Accumulation Neoliberalism, Growth and Accumulation Introduction The neoliberal era generally refers to the latter half of the 20th century after the cold war and more specifically the period around the 1970s. During this period, the economic factors typically shifted focus to the private sector from the public sector. As observed by Glyn (2006), while the economic status in the US was booming, other economies were not experiencing as much excitement. Further, although declining export volumes were hindering economic growth private investment was largely responsible for offering the resilience needed to uphold the growth witnessed in the US. On the other hand, Japan went through...
4 Pages(1000 words)Essay

The History of Christian Architecture

...Evaluation Papers Week 2: Earlier Christian Church Christian and Byzantine Design The architecture and art of the middle ages is conventionally distinguished into three periods of progression. The early Christian and Byzantine periods were from the 4th to the 10th century. The Romanesque period was from the 10th to the 12th century and the Gothic Period was from the 12th to the 15th century. Byzantine architecture is actually the architecture of the Byzantine Empire. The empire steadily transpired as a discrete imaginative and enriching entity and is today referred to as the Roman Empire after the Roman Monarch Constantine moved the capital of the empire from Rome to Byzantium. Byzantium now New Rome, was later renamed...
29 Pages(7250 words)Article
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Capital Accumulation for Beautiful You Ltd for FREE!

Contact Us