Limited liability company

when two or more companies joint together all or part of their operations. The differences between mergers and acquisition relate mainly to the relative size, management control and ownership of the combined business. Mergers is defined as two separate companies pooling their resources into a single entity and become common shareholders. The shareholders of pre-merger companies have a shared in the ownership of the merged business. In contrast, acquisition is defined as where a company or party…

Mr. Kapil Sibal, appearing on behalf of the Mumbai company submitted that clause 3.8 of NIA must be read along with clause 3.2.1(b). He submitted that clause 3.2.1(b) stipulates a disqualification for a company if it is 'controlled' by a person 'convicted' of an offence involving, inter alia, money laundering or terrorist activities. But, clause 3.8 speaks only of 'the company' and its 'Directors on the Board'. It does not use the expression 'controlled by a person'…

these will be fulfilled from the owner's own particular individual trusts. The owner could be sued for any unlawful demonstrations submitted by the employees. This is definitely not quite the same as corporations, wherein the parts appreciate limited liability. The business does not proceed if the owner gets to be perished or incapacitated, since they are dealt with as one and the same. Upon the owner's demise, the business is exchanged and gets to be a piece of the owner's close to home domain,…

the amount of investors that are accepted to be on board as business members. Additionally, closely held corporations are private enterprises which do not openly trade their stocks. There are various advantages and disadvantages of a closely held company from a tax reporting standpoint. Due to the organizations structure, the need for accountability for every dollar spent on failed attempts is not necessary. A major tax advantage is that the interest which is accumulated within the organization…

Success is a very general term because the word is determined by its owner’s interpretation. Furthermore, many people have different directions in their life, so it is very difficult to fully measure each person’s successful rate. However, the successful rate is easily measured in the field of business because it mainly focus on the profit that each businesses had earned. In addition to that, business is also a growing major where many college students took interests in it, but many of them…

Brambles Limited we can clearly understand that they have implemented the function of expense method in order to classify their expenses. This method requires the company to relocate its expenses among functions of the company such as its selling expense, administrative expense, cost of goods sold etc. For instance depreciation of administrative building could be presented as administrative expense by using the function of expense method. However according to the accounting standards the…

Administration as an activity is as old as society itself. As a process, it occurs in both public and private organizations. It occurs in such diverse institution settings as a business firm, labor unions, religious or charitable organizations, educational institutions and so on. Its nature is affected by the sphere with which it is concerned. Administration is commonly divided into two types, public and private administration. As an aspect of government activity it has existed since the…

Accruals are adjustments of revenues that have been earned by an entity but not recorded yet in its accounts and expenses that have been acquired but not recorded yet in its accounts. In regard of accruals in revenue the example is electricity utility company, as it uses resources and employees in one month for generating electricity for customers to use in same month but it does not charge the customer for it in same month until the meters are read in next month. So for having appropriate entry…

partnership and joint stock company including branches and voluntary association of people belong to individualistic institutions. Public enterprises run mainly to provide service to public. Industries can be classified into three types firstly manufacturing raw materials, secondly producing finished goods and thirdly providing business services such as British Airways.BA which was a state undertaking previously, which was later converted to a company with limited liability(whose shares are…

In the modern world, there are many different countries with different systems of government. In Aldous Huxley’s utopian world, there is only one country, the “World State,” and one government, led by Mustapha Mond and the world controllers. This government system works and runs as a well-oiled machine with very little disruptions, which contributes to its success as a government. For the people of this “World State,” their government and habitations are a utopia, as is evident through the…