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Discuss who manages a Company. (Company Law Question)
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- This is a business law principle for today's commercial environment by Twomey| Jennings |Greene 5th edition Question-what do you think of the increasing amount of reliance on electronic interactions? Some banks now charge to return the actual canceled check and some think that it is only a matter of time before there will be a charge for dealing with a "real" teller. What are the repercussions, good and bad, of this move toward electronic financial transactions?Which of the following is not a characteristic of a close corporation? Question 28 options: its shares are not traded publicly its shares must be held by a single shareholder its shares generally have transfer restrictions it cannot be a Subchapter S corporationTopic: Sarbanes-Oxley Act of 2002 Find out about the Sarbanes-Oxley Act of 2002, its background, the reason for the law and its application and results during the last 15 years after it was approved. Observe if in Puerto Rico government entity or supervisory body for accounting, auditor independence rules and corporate accounting, investor protection in order to impose criminal and civil penalties for violations of the stock market. Include in your research the perception of how effective that entity is in protecting the interests of consumers. If this type of entity does not exist in Puerto Rico, argue from the consumer's point of view whether or not to create this type of government entity. Instructions: Please provide a minimum of 6-9 parragraphs of 5 senteses each. It must include at least 2 academic sources, formats and cited in accordance with current APA regulations
- Q 3. Two companies, ABC and XYZ were incorporated in year 2020 as public (ABC Ltd. Co.) and private (XYZ Pvt. Ltd Co.) company respectively. Give a brief description of privileges enjoyed and restrictions imposed on these companies. If you wish to start any business what type of company you would choose to incorporate. Explain the reason behind your decision.Question 1 a)Describe the procedure for appointment of auditors. b) Discuss 5 principal rights of auditors.Question 9 Donald puts a lot of money into a bucket and gives Bernie a power of appointment over the money in the bucket. Bernie has the power to distribute that money only to himself, his creditors, his estate, or his estate's creditors. What is the correct name for his power of appointment? It is a/an: General power of appointment Limited power of appointment Question 10 True or False. The spousal consent rules for the annual exclusion require the non-donor spouse to consent to all gifts made by the donor spouse in that year; he or she cannot select which gifts he or she will join and which he or she will not. True False
- Situation 2 A company- Company ABC has decided to use an opaque management and holding structure to run its risky business of operating chemical production plants. The employees of the Company ABC are unaware of the true identity of the shareholders and board members of the Company ABC. These employees are also under tremendous pressure to perform and in the recent pandemic were forced to attend office mandatorily so that ethanol which is used in the manufacture of hand sanitisers is continuously produced. Unfortunately, a few days ago there was a major accident in one of the plants of Company ABC which was operating at more than full capacity due to instructions from the board of Company ABC. This was followed a few days later by an outbreak of Covid-19 in one of the manufacturing plants. Question 4: Discuss the management style and holding structure of Company ABC from a corporate governance perspective. Identify the improvements which could be made and how the Company ABC would…Q 1. Mr Anil, Mr Babloo and Ms Chetna wish to setup an export unit registered in India exporting Fast Moving Consumer Goods to Latin American Countries. They hired you as a consultant in Company affairs. Point out the process to establishing Company, what rights and privileges this company acquires after incorporation?Question 1: discuss your thoughts on legal challenges for Entrepreneurs. If you want to start your own business, how will you protect your businesses and ideas? Question 2: What is the importance of financial information for entrepreneurs? Briefly discuss the key components you find interesting. What is your perspective on financing a business?
- SLO-2.3. Which of the following is an advantage of a sole proprietorship? OThe owner has unlimited liability OThe business ceases to exist when the owner dies OThere is a limit to the amount one person can borrow OProfits are taxed as individual incomeO A duty Question 43 Which of the following is true about mergers? Shareholders of the acquired corporation must be paid a premium on their shares The shareholders of the surviving corporation must approve the merger. The MBCA does not recognize mergers done solely for the profit motive. A merger may be invalidated if it freezes out minority shareholders.QUESTION 10 In order for a corporation to open a cash account, it would need to send a brokerage firm a copy of a: O Corporate resolution O Corporate charter Both Corporate charter & Corporate resolution O Neither Corporate charter nor Corporate resolution QUESTION 8 In a limited discretionary account, a Registered Rep may do any of the following EXCEPT: Obtain written approval from a principal for each trade executed Execute trades without the verbal approval of the customer Withdraw securities or cash Buy securities that are suitable