By Janet Dine, Marios Koutsias
Company Law is a whole and available advisor to the felony framework during which businesses function. Logically established and with a readable type, the textual content comprises important summaries for every bankruptcy, in addition to case notes. This new version has been completely revised and up-to-date and is gifted with new livery and new two-colour textual content.
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2) The subscribers to the memorandum, together with such other persons as may from time to time become members of the company, are a body corporate by the name stated in the certificate of incorporation. (3) That body corporate is capable of exercising all the functions of an incorporated company. (4) The status and registered office of the company are as stated in, or in connection with, the application for registration. (5) In the case of a company having a share capital, the subscribers to the memorandum become holders of the shares specified in the statement of capital and initial shareholdings.
The law must regulate the relationships between a company and its creators and members or shareholders, as well Starting a company 11 as the relationship between a company and ‘outsiders’ who do business with the company. 2 The legal basis for the separate personality doctrine The case of Salomon v Salomon  AC 22 is by no means the first case to depend on the separate legal personality of a company, but it is the most widely discussed in this context. Mr Salomon was a boot and shoe manufacturer who had been trading for over 30 years.
When he later wished to avoid the sale, he formed a company and transferred the land to it. The court held that the company was a ‘cloak’ for the first defendant and that he had the power to make the company do as he wished, and therefore the court would order the transfer of land to the plaintiff. 7 16 Company law company, Introcom Ltd incorporated in Gibraltar, which was owned and controlled by him via a Liechtenstein trust. The board of directors did not authorise such a transaction. A part of these funds had found its way, via Introcom, to the defendant personally.
Company Law by Janet Dine, Marios Koutsias