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A corporation must maintain a separate stated capital account for each class of shares (see OBCA, s. 24; CBCA, s. 26). "Stated capital" is, essentially, the amount of the consideration received by the corporation on the issue of the shares (see OBCA, s. 24(2); CBCA, s. 26(2)). "Paid-up Capital"("PUC"), on the other hand, is an ITA concept and is not necessarily the same as stated capital. Persons who contract with FGCs are entitled to two sorts of protection which are currently absent. Microsoft runs its program worldwide, allowing employees from across the globe to use their expertise to meet the specific needs of each geographic location and culture.
Pages: 384
Publisher: Wolters Kluwer (July 28, 2015)
ISBN: 1454869844
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DENTAL HEALTH SERVICE CORPORATION. (a) A charitable corporation may be formed to operate a dental health service corporation that manages and coordinates the relationship between a dentist who contracts to perform dental services and a patient who will receive the services as a member of a group that contracted with the dental health service corporation to provide dental care to group members. (b) The certificate of formation for a charitable corporation formed under this section must have attached as an exhibit: (1) an affidavit of the organizer or organizers stating: (A) that not less than 30 percent of the dentists legally engaged in the practice of dentistry in this state have signed a contract to perform the required dental services for a period of at least one year after incorporation; and (B) the names and addresses of those dentists; and (2) a certification by the State Board of Dental Examiners that: (A) the applicants are reputable residents of this state of good moral character; and (B) the corporation will be in the best interest of the public health. (c) A corporation formed under this section must have at least 12 directors, including 9 directors who are licensed to practice dentistry in this state and are actively engaged in the practice of dentistry in this state. (d) A corporation formed under this section shall maintain as participating or contracting dentists at least 30 percent of the number of dentists actually engaged in the practice of dentistry in this state Forming a Limited Company (Business Action Guides) lawpetroff.com. That the incorporation of the religious society or religious order, or diocese, synod, or district organization desiring to incorporate is not forbidden by competent authority or by the constitution, rules, regulations or discipline of the religious denomination, sect, or church of which it forms a part; 4 ref.: Introduction to Company Law Introduction to Company Law. In fact, the Treasury has estimated that the various federal advantages granted to Fannie Mae and Freddie Mac together are worth some $2 to $4 billion per year. {286} Borrowing at near-Treasury rates, and in some cases enjoying important efficiencies of scale made possible by their monopoly or near-monopoly position in particular credit markets, GSEs can, if they choose, pass on their savings to the groups to which they lend Schemes of Arrangement: read pdf http://old.gorvestnik.ru/library/schemes-of-arrangement-theory-structure-and-operation.
In certain circumstances, it may be desirable for the corporation to repurchase the shares at a share price that is different from the redemption or the retraction price; for example, the corporation is in financial difficulty and the shares are worth less than the redemption or retraction price. The legislation gives the corporation the power (but not the unilateral right) to repurchase its issued shares (see OBCA, s. 30; CBCA, s. 34) Selected Sections: Corporate and Partnership Income Tax Code and Regulations, 2012-2013 (Selected Statutes)
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An application for reinstatement, which shall include the identification number issued by the Commission to the corporation, and which may be in the form of a letter signed by an officer or director of the corporation, or which may be by affidavit signed by an agent of any member's interests stating that after diligent search by such agent, no officer or director can be found; 2 The Corporate Counsellor's download for free
shopping.creativeitsol.com. This officer sometimes is referred to as the chief executive officer, but the ultimate authority lies with the directors. The vice president fills in for the president when the latter cannot or will not act. The secretary keeps minutes of meetings, oversees notices, and manages the corporation's records. The treasurer manages and is responsible for the corporation's finances EDGAR Filer Handbook: A Guide for Electronic Filing with the SEC, Fifth Edition
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The notion that a corporation cannot be held liable for the commission of a crime had been rejected by adopting the doctrine of attribution and imputation [17]. In another judgment in July 2011 of CBI v. M/s Blue-Sky Tie-up Ltd and Ors [18], the apex court reiterated the position of law held that companies are liable to be prosecuted for criminal offences and fines may be imposed on the companies Principles of Company law download epub
http://rehset.com/books/principles-of-company-law. The certificate of amendment shall set forth: (1) The name of the limited partnership. (2) The date of filing of the original certificate. (3) The amendment to the certificate. (4) If the amendment is to be effective on a specified date, the hour, if any, and the month, day and year of the effective date. (b) Events requiring amendment.--An amendment to a certificate of limited partnership shall be filed upon the occurrence of any of the following events: (1) A change in the name of the limited partnership. (2) The admission of a new general partner. (3) The withdrawal of a general partner. (c) Duty of a general partner.--A general partner who becomes aware that any statement in a certificate of limited partnership was false when made or that any arrangements or other facts described have changed, making the certificate inaccurate in any respect, shall promptly amend the certificate. (d) Other changes.--A certificate of limited partnership may be amended at any time for any other proper purpose the general partners may determine, including a restatement of the certificate in its entirety, omitting any matter that is obsolete or no longer required. (e) Effectiveness of certificate of amendment.--Upon the filing of the certificate of amendment in the department or upon the effective date specified in the certificate of amendment, whichever is later, the certificate of amendment shall become effective and the certificate of limited partnership shall be deemed to be amended accordingly. (f) Amendment of voting provisions.--Except as otherwise provided in the certificate of limited partnership, whenever the certificate requires for the taking of any action by the partners or a class of partners a specific number or percentage of votes or consents, the provision of the certificate setting forth that requirement shall not be amended or repealed by any lesser number or percentage of votes or consents of the partners or of the class of partners. 1990 Amendment national corporate law Consultant Licensing Exam Review Guide
read here. Courts of this Commonwealth may exercise personal jurisdiction over any controlling person or group in actions to enforce this subchapter. The terms of this section shall be supplementary to the provisions of 42 Pa , source: Managing Closely Held Corporations: A Legal Guidebook
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