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.
Nobody downloaded yet

Law for Business - Essay Example

Comments (0)
Summary
The change of company name is governed by the Companies Act 2006 but the law allows a different method if prescribed by the Articles of Incorporation of the company. Thus, Francesca and Don may either follow the Companies Act 2006 or Toys4U Ltd’s Articles, if the latter…
Download full paper
GRAB THE BEST PAPER
Law for Business
Read TextPreview

Extract of sample
Law for Business

Download file to see previous pages... Since the two directors constitute the majority, their decision prevails. In the general meeting, the vote in favour of the motion must at least be 75% for the motion to pass, since this is the required majority to pass a special resolution. Another way of passing a special resolution is to directly circulate the motion in writing without calling for a meeting and have the same percentage of voting rights approve the proposal.
The objective of this report is to outline a legitimate procedure, on behalf of Francesca, that will allow a change in the company name of Toys4U Ltd despite the objection of one of the three directors to the proposal.
According to the Companies Act 2006, a company may change its name in compliance to an extraneous mandate such as one coming from the Secretary of State, an adjudicator upholding a protest on the company name’s use, the court or as a result of company name restoration. The company can also effect a change of its name upon its own initiative (§ (1) & (2), s 78, Companies Act 2006). It is the latter that is the concern of this report since it is the directors who are interested in pursuing a company name change. According to the relevant provision of law, a change of company name effected by the company’s own initiative can be made either through a special resolution or through any other means prescribe by the company’s Articles of Incorporation (§ (1)(a) & (b), Companies Act 2006).
Under the British company law, there are two ways by which a company decides: an ordinary resolution, or; an extraordinary or special resolution. The two types of resolutions are distinguished from each other by the number of votes required to pass them. Whilst an ordinary resolution requires only a majority vote to be passed, an extraordinary or special resolution needs at least 75% of the votes cast by members (van Gerven & Storm 2006 468). Since the law mandated a special resolution to effect a change of a ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
LAW FOR BUSINESS Assignment
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.
5 Pages(1250 words)Essay
LAW FOR BUSINESS Assignment
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.
5 Pages(1250 words)Essay
LAW FOR BUSINESS Assignment
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.
5 Pages(1250 words)Essay
Law for Business
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?
6 Pages(1500 words)Essay
Company Law for Business
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.
8 Pages(2000 words)Essay
Employment Law for Business
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.
5 Pages(1250 words)Essay
Law for Business Essay
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.
6 Pages(1500 words)Essay
Law for Business
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
8 Pages(2000 words)Essay
Law for business
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.
8 Pages(2000 words)Essay
Law for business
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
6 Pages(1500 words)Essay
Let us find you another Essay on topic Law for Business for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us