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Fleet Management and Driver safety solutions for field service organizations. Focused on best practices for driver behavior and fleet management and optimization for field service and mobile workforces
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Fleet Management and Driver safety solutions for field service organizations. Focused on best practices for driver behavior and fleet management and optimization for field service and mobile workforces
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www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
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"๐ฉ๐ฌ๐ฎ๐ผ๐ต ๐พ๐ฐ๐ป๐ฏ ๐ป๐ฑ ๐ฐ๐บ ๐ฏ๐จ๐ณ๐ญ ๐ซ๐ถ๐ต๐ฌ"
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Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
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6 Top Risks for Golf Courses and Country Clubs - The Risk List: Presented by Travelers
1. PRESENTED BY
THE RISK LIST: TRAVELERS INSIGHT EDITION
TOP RISKS FOR
GOLF COURSES AND
COUNTRY CLUBS
CLICK TO EXPLORE
6
2. PRESENTED BY
Impaired and inexperienced or
underage drivers and passengers
can increase the risk of golf
carts tipping over or crashing
into pedestrians.
GOLF CARTS
1#
THE RISK LIST: TRAVELERS INSIGHT EDITION
< HOME 1 ><
3. These precautions can help
reduce accidents:
1. Ask drivers to show a valid
driverโs license.
2. Require golfers to sign a waiver
of liability.
3. Post and enforce rules for
cart operation.
4. Provide cart operating instruction.
5. Communicate known
course hazards.
PRESENTED BY
#
1GOLF CARTS
QUICK TIPS
THE RISK LIST: TRAVELERS INSIGHT EDITION
< HOME 2 ><
4. PRESENTED BY
Golf clubs or other personal
items unattended on the course
or in the parking lot can be
stolen or damaged.
THEFT
2#
THE RISK LIST: TRAVELERS INSIGHT EDITION
< HOME 3 ><
5. PRESENTED BY
Consider these tips for parking
lot security and safety:
1. Install security controls
and/or cameras.
2. Retain security and services.
3. Make sure to have adequate
exterior lighting.
#
2
THE RISK LIST: TRAVELERS INSIGHT EDITION
THEFT
QUICK TIPS
< HOME 4 ><
6. PRESENTED BY
On-site restaurants and banquet
facilities have unique liquor
liability and food safety concerns.
HOSPITALITY
3#
THE RISK LIST: TRAVELERS INSIGHT EDITION
< HOME 5< >
7. PRESENTED BY
3
Reduce the likelihood of alcohol related
accidents with these suggestions or as
required by state/local law:
1. Make nonalcoholic options available.
2. Hire a bartender certified in safe
alcohol service.
3. Limit an eventโs open bar time.
4. Provide or incentivize designated drivers.
5. Have food available with your
alcohol service.
#
HOSPITALITY
QUICK TIPS
THE RISK LIST: TRAVELERS INSIGHT EDITION
< HOME 6 ><
8. PRESENTED BY
Charities and sponsored events
lead to more foot traffic and
increase the likelihood of slips,
trips and falls.
TOURNAMENTS
4#
THE RISK LIST: TRAVELERS INSIGHT EDITION
< HOME 7 ><
9. 4
Minimize event risk with these precautions:
1. Keep walking surfaces dry and maintained to
reduce slip, trip and fall risk (eating areas,
temporary structures, bathrooms).
2. Brief employees and volunteers on safety
throughout grounds and parking lot.
3. Provide employees and volunteers with
instructions on accident response and
emergency contact numbers.
4. Obtain Certi๏ฌcates of Insurance from vendors
and other third parties.
PRESENTED BY
#
TOURNAMENTS
QUICK TIPS
THE RISK LIST: TRAVELERS INSIGHT EDITION
< HOME 8 ><
10. PRESENTED BY
Junior golfers attending lessons
on-site create unique liability
concerns for the golf course as
well as their instructors.
YOUNG
PATRONS
5#
THE RISK LIST: TRAVELERS INSIGHT EDITION
< HOME 9 ><
11. PRESENTED BY
When responsible for child supervision,
enforce the following guidelines:
1. Conduct background checks on all employees.
2. Comply with child/youth protection laws.
3. Implement a youth protection policy.
4. Communicate your youth protection program
to parents.
5. Train employees/volunteers on your program
and document training.
6. Implement a reporting and investigation
procedure for claims involving young patrons.
#
5YOUNG PATRONS
QUICK TIPS
THE RISK LIST: TRAVELERS INSIGHT EDITION
< HOME 10< >
12. PRESENTED BY
Severe weather can cause injury
to players or considerable damage
to a golf course, forcing it to shut
down during repairs.
WEATHER
6#
THE RISK LIST: TRAVELERS INSIGHT EDITION
< HOME 11 ><
13. PRESENTED BY
Arm your employees and pros with the
following tips:
1. Monitor the weather throughout the day.
2. Have a safety plan for inclement weather,
with staff roles for carrying out your plan.
3. Inform golfers ahead of time of your
weather warning procedure.
4. Have a weather warning system for
notifying golfers to retreat from the
course, including an alarm system.
#
6WEATHER
QUICK TIPS
THE RISK LIST: TRAVELERS INSIGHT EDITION
< HOME 12 ><
14. FOR MORE INFORMATION
visit travelers.com/golftrends
PRESENTED BY
THE RISK LIST: TRAVELERS INSIGHT EDITION
Copyright ยฉ LRP Publications. All rights reserved. Reproduction in whole or in part in any form or medium without express written permission of LRP Publications is prohibited. The content and graphics of the Risk List are editorial
opinions of Risk & Insurance and are for informational purposes only. Travelers sponsorship of such content does not constitute an endorsement of the contents or graphics or Risk & Insuranceโs views expressed in such content.
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