Case Study : ' Tardis Cafe '

2 This is an OPEN book examination. You can only use your prescribed text book and the Corporations Act 2001. No other materials are allowed.

The thesis deals with the above concepts and discusses how the Companies Act 71 of 2008 (the Act) modified the law, particularly, by extending the legal capacity of a company and extinguishing or modifying the above rules which had previously restricted a company's ability

Crown Institute of Business and Technology Pty Ltd ABN 86 116 018 412 National Provider No: 91371 CRICOS Provider Code: 02870D

The section 247A basically says that the shareholders are allowed to inspect the company books only when the court is convinced that they are acting in good faith and have a proper purpose.“Books” are defined in the act to include a register, any other record of information, financial reports and

Having been named as registered agent and to accept service of process for the above stated limited liability company at the place designated in this certificate, I hereby accept

Many online company registration organizations can develop a corporation within a few minutes or hours. Many of these organizations guarantee registration in three to six time. Some offer free discussion prior to the business formation process begins. Lots of the organizations can help corporations choose the proper registration because of their kind of business. A higher street bank-account, website development, a toll-free number and Director and Shareholder contract can also be included. Some will provide secretarial assistance. Whether a limited liability partnership (LLP) or general public limited company (PLC) is necessary, online assistance is open to help owners. Many of these techniques are completed 100% online.

- The third step: You need to establish a list of your employees on the system. You need to fill in employee’s name, address of employees, tax information such as Tax File Number (TFN) and etc.

(a) Name (b) Enter P for partnership; S for S corporation (c) Check if foreign partnership (d) Employer identification number

I spoke with you a few minutes ago about your Business visa. Because TIN number of the company who is invited you starts with 9, we will also need a copy of their registration certificated as I have mentioned during our conversation - please see a sample of it attached.

The application should mention at least four names upto a maximum of six 6 names, in order of preference. It is at the discretion of the RoC which of these four they choose to allot. It may be noted that the RoC usually insists that the name of any Indian company should be reflective of the main activities carried on by it.

A  limited  company  has  named  directors   whose  financial  liability  is  either  limited  by  guarantee  or  by  shares.  Setting  up  this  kind  of  organisation   involves  to  comply  additional  costs  and  time  in  order  to  comply  to  the  company  law.     ! Charitable  Status     Organisations  with  charitable  purposes  can  apply  for  charitable  status.  Benefits  include  tax  advantages   and  the  ability  to  receive  donations  from  charitable  trusts.

Where, upon the commencement of this Act, neither the memorandum nor articles of a company that is a private company by virtue of paragraph (a) of the definition of ‘private company’ in subsection 4(1) contain the restrictions, limitations and prohibitions required by subsection (1) to be included in the memorandum or articles of a company that may be incorporated as a private company, the articles of the company shall be deemed to include each such restriction, limitation or prohibition that is not so included and a restriction on the right to

[Its place of registration if a company or a LLP. Please note this is a requirement under new regulations which were brought into force on the 1st January 2007 ]

When Haili and John registered a proprietary company or form a partnerships, there are some legal rules and regulations attached to each of the type. To face those rules and regulations appropriately, a proper consideration is required by the each party.They have to know that a proprietary company is a smaller form of a public company when a partnerships is a form of organization when two or more people gather and do a business together (Pearce 2015). Consideration from the party comes from the management of the company and the willingness to use their personal debts. When Haili and John wants to be a director of Sparkle Pty Ltd, they can form a partnerships or a proprietary company. A proprietary company is a small company under the Corporations act 2001 (Cth), thus a partnership is only bind under The Partnership Act 1985. If Haili and John wants to manage the organization and be liable for the debt that arise from the organization, they can form a partnerships. Therefore, a proprietary company is separate legal entity and the amount of each party are liable for only the number of shares they own on the company (Pearce 2015). There is another form of partnership called limited partnerships that the members can have limited liability but cannot manage on the partnership (Pearce 2015). According to Seago and Horvitz (1980), a partnerships may have a characteristics of minimum 2 or more members and each party is a liable party if the partnerships goes

Before the Singapore company registration, you must be well versed with the basic requirements. First, you must have a company name; the name should be the official name which will be used by the company as part of its identification.