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If the representations are received late, the director may instead ask that the said representations be read during the meeting. He may also be allowed to speak in the meeting on his protest against the intention to remove him as director. These are all provided for in Sections 168 (entitled Resolution to remove director) and 169 (entitled Director’s right to protest against removal) of the Companies Act 2006 (Companies Act 2006).
Going to Cretins Ltd. (or Cretins for short), the plan of Joan and Mike to remove Phillip out as a director of the company will depend on its membership structure. Whatever it is, the process will have to be in accordance with the afore-cited Sections 168 and 169 of the Companies Act 2006. If the only three directors, Phillip, Joan and Mike, are also the only members or shareholders of Cretins and they own the same number of shares, the process will be very simple. Since it will be a concerted effort of Joan and Mike, all they have to do is first requisition for a general meeting of the members where they will submit a resolution to remove Phillip. Pursuant to the procedural due process mechanism set out in Section 169, Phillip has to be served with a notice of the intended resolution to remove him. Phillip is entitled to submit written representations to protest against his removal. During the said meeting, Phillip is likewise entitled to speak out. At any rate, all these remedies available to Phillip will become moot and academic because Joan and Mike will ultimately vote for his removal as is their plan. The requirement of the law is an ordinary resolution which means that the vote of the members needed for the subject removal is a simple majority (THE FREE LIBRARY BY FARLEX).
As stated, the circumstances in the preceding paragraph are on the assumption that Joan, Mike and Phillip have the same number of
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This is a loss suffered by a claimant. There has never been a universally accepted definition of the term called as ‘pure economic loss’ (Palmer & Bussani, n.d.).The relevant and related examples of this type of economic loss can be in the shape of wasted expenditure, reduction of profit, reduction of possible profitability and any other gain that could have been gained.
In respect of personal injury and property damage there are economic results which tend to accrue, as can be seen in the instance of a person who suffers an injury may in addition be unable to earn for the time the injury remains. In respect of property damage the courts take into account the market value of property when determining compensation for any loss.
However, there has been a marked reluctance to recognise this duty of care. Such lack of enthusiasm derives from the Floodgates contention (Speaight, 2009, p. 23). This argument states that there would be a tremendous widening in the potential scale of liability in tort.
Introduction The formation of a business enterprise is definitely not child’s play. There are a whole lot of different facets to be examined in some detail. What will be the nature of business ownership, how will it be financed and managed, what are the products and services to be offered, and how will they be sold to the customers?
According to the report several organizations implemented business expansion strategy in order to increase their market share and develop potential client base around the globe. This global expansion strategy forced these organizations to adopt and implement aggressive business strategies to maintain its competitive position.
Sexual harassment has been widely viewed as a stumbling block to the fulfillment of the achievement which requires integrating women in the job market. In the United States for instance, estimate by media and government surveys indicates that forty to sixty percent of women are harassed in their workplace while in Europe the percentage are slightly low ranging from forty to fifty percent.
The United Kingdom came into existence with the union of Great Britain and Ireland in 1801. However, the partition of Ireland in 1922 was a major turning point in the current state of affairs of UK's legal system. This event also influenced the religious leanings of each constituent according to the Catholic or Protestant majority as the case may be in each region.
It smashed a glass ceiling lamp shade, injuring Pritam’s scalp through its glass fragments. This led Toys4u to take the remaining stocks of the toys and sent it back to where they ordered it—Megastores
On 7th March, Mrs. Sharma purchased a toy from Toys4U for her son Pritam. On very next day, Pritam tried to play with the toy missile, but it crashed with the glass ceiling lamp causing injury to Pritam’s head.
the other for any consequential, indirect, special, incidental or punitive damages, regardless of the form of action, whether in an agreement, tort, strict product liability or otherwise, even if advised of the possibility of such damages and even if the damages were
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