CHECK THESE SAMPLES OF Contract Between the Members of the Company and the Company
In most cases, it is used to protect the interests of people involved in the running of the company.... There are certain sections of this legal piece of law that are specifically designed to protect the interests of the company owners.... 0 000 in debentures from the shareholders which were acquired through a bond of the company's assets.... In as far as the aspect of corporate personality is concerned, it can be noted that the aim of the law is concerned with protecting the interests of the company since it is treated like an individual person with legal rights....
9 Pages
(2250 words)
Essay
Moreover, this action was not valid between the company and the third party who constitute its customers.... In this case, Realale should be considered liable for negligence by the company and one of its directors should take responsibility for any costs incurred by the company over the void transaction.... They only owe liability to the company and not to the individual creditors of the company.... As such, it was a legal mistake when as a director, Grace decided to produce lager and test it using the consumers of the company....
10 Pages
(2500 words)
Essay
But here the company was not registered.... In practice, however, promoters will need to contract with the third parties for such things as a lease of premises, business equipments and connection to utilities so that once the certificate of incorporation is issued the company can begin trading4.... Further, since at the time of a pre incorporation contracts the company does not exist, upon its subsequent creation it is necessarily a stranger to it and the doctrine of privity will operate to prevent rights and the liabilities being conferred to imposed on the company....
8 Pages
(2000 words)
Essay
These documents have given rise to a contract between the company and the members of the company and among the members themselves.... In the same way by using the Articles the member can enforce the entitlement for voting rights against the company and the pre-emption rights on a sale of his shares against another member can also be enforced through the Articles.... provided in the Articles of Association of the company that Eley will be the solicitor of the company to transact all legal business of the company and shall not be removed from the office except for misconduct....
12 Pages
(3000 words)
Essay
33, a… ny's constitution binds both the company and its members to the same extent as if there were covenants on the part of the company and of each member to observe the constitution's provisions.... Not all members of the company have the right to enforce rights contained in the articles.... The court held that the member could not sue simply because there was no contractual relationship between a member as solicitor and the company....
5 Pages
(1250 words)
Essay
33(1) CA 2006, which provides that the provisions in the company's articles bind the company and its members to the same extent as if they were covenants on behalf of the company and each member was to observe those provisions.... S33(1) states that “The provisions of a company's constitution bind the company and its members to the same extent as if there were covenants on the part of the company and of each member to observe those provisions.... The articles of the company constitute a form of statutory contract between the company and its members, and between the members themselves....
10 Pages
(2500 words)
Dissertation
Without such approval, a company may not enter into an arrangement under which a director of the company or of its holding company, or a person connected with such a director, acquires or is to acquire from the company, directly or indirectly, a substantial no-cash asset nor to the converse case of the company acquiring such an asset from any of those persons.... A share qualification is a specified number of shares that a person must hold in the company to qualify him for an appointment....
8 Pages
(2000 words)
Case Study
Furthermore, Section 140(1)(b) of the Corporations Act 2001 states that replaceable and constitution laws are obliged to a contract engaging the company and its directors under which every director agrees to adhere to the rules and constitutions mentioned as per the organizational interests (PricewaterhouseCoopers, 2011).... This work called "Company Law" focuses on the aspects of the company's management.... nbsp; However, it is the sole discretion of the company's management to decide on the number of replaceable laws to be applied which are mentioned in the Corporations Act 2001....
6 Pages
(1500 words)
Essay