East India Company Case Study

In 1784, the Board of Control was established, this gave British Parliament the right to oversee all aspects of the East India Company. The Governor General managed the Board of Control, he was was appointed by the British Government, this meant that the British had control over the east India Company, giving them the power to impose restrictions on certain prospects.

The British East India changed the lives of both people in Britain and people in Asia. In Britain it changed their lives by making them rich, introducing them to new products and providing them with foreign luxuries. The British East India Company bought products such as pepper and porcelain back to Britain to be used by the people. It also introduced new things like tea and cloves.

The Reliance Group, founded by Dhirubhai H. Ambani (1932-2002), is India's largest private sector enterprise, with businesses in the energy and materials value chain. Group's annual revenues are in excess of US$ 66 billion. The flagship company, Reliance Industries Limited, is a Fortune Global 500 company and is the largest private sector company

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Corporate capacity and authority were essential legal concepts which contained rules for when and how a company ought to be legally recognised as having validly acted and entered into a binding contract with third parties. Broadly speaking, the rules which applied to corporate capacity were the ultra vires doctrine and the doctrine of constructive notice. In regard to the concept of corporate authority, both the ultra vires doctrine and the doctrine of constructive notice also applied however their application was curtailed by the Turquand rule. The Turquand rule therefore only applied when the authority of directors was in question. A definitional overview of the concepts of corporate capacity and authority will be provided below, along with brief description of the doctrine of constructive notice and the Turquand rule.

Corporate governance is the way in which a company is directed and lead through certain rules, practices and processes. Corporate governance goes hand in hand with King Codes. This is all about Accountability and Transparency. Before 1994 there was no governance.

The definition of company is 'A legal entity, by legislation, which permits groups of people, as shareholders, to apply to government for an independent organization to be created, which can then pursue set objectives ' (Duhaime, 2014).

The corporation, which is “an organization, especially a business that has a legally separate existence from the people who run it,” was born with the formation of the British East India Company in 1600. At the end of the American Revolution, the people of the thirteen American colonies shared an intense fear of the corporation, due to the imprint left on the country from the actions of the British East India Company. These actions included the exploitation of the colonies’ wealth and the domination of all trade coming into and leaving the ports of each of the thirteen colonies. For the entirety of the following century, the American government placed stringent requirements and tight regulations on corporations that emerged within the United

In order to explain the statement this essay will explore the background to treating companies as distinct legal entities; review certain cases trying to pierce

Example: An example of a Crown Corporation is BC Hydro as it is a corporation

One of the prevalent belief is that corporations were set up solely to maximize profit to shareholders. Unlike other business models, corporations have the sole status of being viewed as a ‘legal person’, with the rights similar to natural citizens including “engage in business and contracts, initiate lawsuits, and itself be sued” (Business Dictionary). This unique classification provides corporations with the rare opportunity to take advantage of the power corporations have to benefit society and the economy. One such example is the potential for companies to incorporate under a B-Corp (Benefit Corp) structure rather than as a C-Corp. The way that a companies structures itself can have significant implications on its corporate governance.

Firstly before delving into the complex interwoven legalities of Corporations it is imperative to know what a Corporation is and what separates it from another form of business i.e. a partnership, trust or a hybrid of both. The main difference between a

A firm is legally a separate entity and it is treated as a citizen. Although it is controlled and directed by people, “Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies”(Financial Reporting Council, 2012). FRC corporate code tells us that the company is driven by the board and they are also responsible for the effective running of the firm. This clearly states that the board owes the fiduciary duty of care to act in the best interest of the shareholders and other stakeholders, as they are acting as agents on the behalf of the principal (shareholders).

Reliance is the biggest company of India in the world. Dhirubhai H. Ambani (1932-2002), is the owner of this industry. Reliance industry is a one type of clustered company in the India. Main headquarter of reliance industry in Mumbai, Maharashtra, India. Reliance company has own business in the fabrics, energy, telecommunication, natural materials, photo chemicals and oil –field. In the across of India reliance is third most of beneficial organization in the India and second largest company in the oil field corporation. The company has 107 rank in the terms of revenue and 128 in profit over the world. Reliance has name the list of 500 largest companies of the world. The company has 215 rank in the Furtune Global as of 2016. RIL

Salomon is a shoe manufacturer. He runs his business as Sole Proprietorship with name “Salomon & Co Ltd.” After he married and had five children, he decided to register his business