B.A BUSINESS STUDIES BUS361 BUSINESS LAW
Jan 17, 2016
B.A BUSINESS STUDIESBUS361
BUSINESS LAW
When does legal personality begin for humans?
When does legal personality end for humans?
Mental incapacity Wills and inheritance
Corporations – companies, schools and councils
Corporation sole
Corporation aggregate
Crown, bishops, vicars
Any office that continues to exist even though each individual only holds it for a limited time
Royal Charter Statute Registration Partnership v Corporation Limitation of Liability Acting in the name of the company
Definitions Commencement of business Capital Continuity Publicity and external control of
udnertaking Taxation
Definition Commencement of business Capital Continuity Publicity and external control of
udnertaking Taxation
Limited Companies
Unlimited Companies
Public and Private Companies
Company’s name Registered Office Objects Limitation of Liability Capital
Share Capital Shares and Certificates Joint holders of shares Calls on shares Transfer of shares Transmission of shares Forfeiture of shares and lien Alteration of share capital Borrowing powers General Meeting Powers
Definition
Nature
Non-judicial Dissolution
Ending of the period for which the partnership was to exist
Achievement of the purpose for which the partnership was formed
Notice Death of a partner Bankruptcy of a partner Illegality Charge
i. Partner’s mental incapabilityii. Partner’s physical incapacity iii. Conduct prejudicial to the businessiv. Wilful or persistent breach of the
agreement or conduct affecting the relationship
v. The business can only be carried on at loss
vi. The just and equitable ground
Authority of partners during winding up Profits after dissolution Realization and distribution of the assets
Limited Partnership
The Limited Partnership Act 1907
No more than 20 members
One general partner whose liability is unlimited
Thank you for your attention!