This document provides an overview and list of questions answered in a 650+ page publication on business rescue and winding up of close corporations in South Africa. The publication addresses topics such as the purpose of business rescue, how a close corporation can be placed under business rescue, the roles and responsibilities of a business rescue practitioner, the business rescue plan and process, and the effects of business rescue on employees, creditors and members. It also covers voluntary and involuntary winding up of solvent and insolvent close corporations, including the roles of liquidators and rights of creditors. The document advertises the publication as available for purchase in book or online format.
Q & As for Accounting Officers and Members of CCs on the New Companies Act & ...Dr John W. Hendrikse
This document lists over 50 questions related to close corporations under South African law. The questions cover topics such as membership requirements, financial reporting obligations, fiduciary duties of members, insolvency, conversion to other legal structures, and deregistration.
Q & As for Accounting Officers and Members of CCs on the New Companies Act & ...Jayne Hunter-Rhys
This document lists over 50 questions related to close corporations under South African law. The questions cover topics such as membership requirements, financial reporting obligations, fiduciary duties of members, insolvency, conversion to other business structures, and deregistration.
Q & As for Auditors & Accountants on the New Companies Act & Auditing Profess...Jayne Hunter-Rhys
This document provides an overview of key aspects of the Companies Act and Auditing Profession Act in South Africa, including:
- Requirements for accounting records, financial statements, audits, and independent reviews for different types of companies.
- Circumstances where audits are mandatory or financial statements must be independently reviewed.
- Financial reporting standards and what constitutes a "reportable irregularity".
- Duties and liabilities of registered auditors.
- Differences between the Companies Act and Auditing Profession Act, such as provisions around audit tenure, rotation of auditors, and prohibited non-audit services.
The document also lists over 365 questions and answers on topics related to
This document summarizes the agenda and key topics from a seminar for directors, including updates on financial system inquiries, governance reforms, legal and regulatory changes, and sector-specific issues. Key points discussed include proposed changes to principles of the ASX Corporate Governance Council, challenges around board performance and diversity, trends in technology and innovation, enforcement actions from ASIC, and debates around the business judgment rule and directors' duties.
This document summarizes the key topics and agenda items to be covered at the Essential Director Update:15 conference, including corporate culture, information technology/cyber risk, recent litigation, corporate governance issues regarding independence, diversity, and remuneration, and regulatory updates. It also provides brief summaries of some of the specific cases and issues to be discussed under each agenda item, such as the Thiess allegations and CommBank IT issues regarding corporate culture, and recent insider trading cases.
This document discusses various topics related to corporate law including:
1) How corporations are regulated in Australia by the Australian Securities and Investments Commission (ASIC) and the Australian Securities Exchange (ASX).
2) The different models of corporate theory including managerialist, agency, team production, communitarian, and entity models.
3) Key aspects of partnerships including the definition under the Partnership Act, characteristics of partnerships, and liability in contracts, torts, and criminal law.
4) The process of incorporating a company under the Corporations Act including choosing a registration type as either a public or proprietary company.
Q & As for Accounting Officers and Members of CCs on the New Companies Act & ...Dr John W. Hendrikse
This document lists over 50 questions related to close corporations under South African law. The questions cover topics such as membership requirements, financial reporting obligations, fiduciary duties of members, insolvency, conversion to other legal structures, and deregistration.
Q & As for Accounting Officers and Members of CCs on the New Companies Act & ...Jayne Hunter-Rhys
This document lists over 50 questions related to close corporations under South African law. The questions cover topics such as membership requirements, financial reporting obligations, fiduciary duties of members, insolvency, conversion to other business structures, and deregistration.
Q & As for Auditors & Accountants on the New Companies Act & Auditing Profess...Jayne Hunter-Rhys
This document provides an overview of key aspects of the Companies Act and Auditing Profession Act in South Africa, including:
- Requirements for accounting records, financial statements, audits, and independent reviews for different types of companies.
- Circumstances where audits are mandatory or financial statements must be independently reviewed.
- Financial reporting standards and what constitutes a "reportable irregularity".
- Duties and liabilities of registered auditors.
- Differences between the Companies Act and Auditing Profession Act, such as provisions around audit tenure, rotation of auditors, and prohibited non-audit services.
The document also lists over 365 questions and answers on topics related to
This document summarizes the agenda and key topics from a seminar for directors, including updates on financial system inquiries, governance reforms, legal and regulatory changes, and sector-specific issues. Key points discussed include proposed changes to principles of the ASX Corporate Governance Council, challenges around board performance and diversity, trends in technology and innovation, enforcement actions from ASIC, and debates around the business judgment rule and directors' duties.
This document summarizes the key topics and agenda items to be covered at the Essential Director Update:15 conference, including corporate culture, information technology/cyber risk, recent litigation, corporate governance issues regarding independence, diversity, and remuneration, and regulatory updates. It also provides brief summaries of some of the specific cases and issues to be discussed under each agenda item, such as the Thiess allegations and CommBank IT issues regarding corporate culture, and recent insider trading cases.
This document discusses various topics related to corporate law including:
1) How corporations are regulated in Australia by the Australian Securities and Investments Commission (ASIC) and the Australian Securities Exchange (ASX).
2) The different models of corporate theory including managerialist, agency, team production, communitarian, and entity models.
3) Key aspects of partnerships including the definition under the Partnership Act, characteristics of partnerships, and liability in contracts, torts, and criminal law.
4) The process of incorporating a company under the Corporations Act including choosing a registration type as either a public or proprietary company.
MACPA Professional Issues Update - Spring 2009 edition. Preso covers major trends affecting the CPA profession including the economic crisis, globalization, regulation/standards, technology, workforce, and Maryland legislative & regulatory developments
The document provides information from a law firm on various legal and business entity structuring matters for startups including choosing an entity type, ownership and vesting considerations, intellectual property protections, and employment compliance. It discusses the pros and cons of different entity types like LLCs and corporations and ownership issues like founders stock vesting terms and tax treatment.
How to start a new business and other legal considerations by Snell & Wilmer ...AnitaBell
This document summarizes a presentation by the law firm Snell & Wilmer L.L.P on legal considerations for starting a business. It discusses selecting the appropriate business entity, such as an LLC or corporation, to protect personal assets from business liabilities. It also covers how to properly form the business entity, capitalizing the business initially and raising future funding, complying with securities laws for any investments, bringing on business partners, and establishing basic legal agreements for operations. The overall aim is to educate business owners on steps to legally structure and establish a new venture.
This document provides an overview of Nevada Corporate Planners, Inc., a company that assists with corporate formation and ongoing business services. It contains a letter from the CEO highlighting common mistakes made during and after incorporation that can expose business owners to costly liability. The document then lists 10 mistakes that can be made before incorporation and 10 mistakes after incorporation. For each mistake, it poses a multiple choice question to test the reader's understanding of asset protection and business concepts. The goal is to help business owners avoid common pitfalls and strategically structure their entities for success.
PMF Legal is a Sydney-based commercial law firm specializing in corporate and commercial law, with expertise in areas like insolvency, administration, and litigation. The firm has a strong record of successful outcomes for clients and has contributed to changes in legislation. It provides innovative, tailored legal advice to meet each client's objectives. PMF Legal is led by principal Paul Fordyce, an experienced commercial lawyer with accreditation in insolvency law.
Presentation to UNSW School of Taxation and Business Law May 2016 Jason Harris
This presentation discussed the current state of insolvency law reform within the context of insolvency practitioner regulation in Australia and the pending Insolvency Law Reform Act 2016 (Cth).
The document provides an overview of US regulatory compliance for the securities industry. It discusses the history of securities regulation in the US following the 1929 stock market crash, including key legislation such as the Securities Act of 1933 and the Securities Exchange Act of 1934 which established the SEC. It also outlines the roles and functions of various compliance departments, including advisory services, training, monitoring, and fostering a culture of compliance.
Questions & Answers for Auditors and Accountants (1st Edition) Over 365 Quest...Dr John W. Hendrikse
This document describes a book titled "Questions & Answers for Auditors & Accountants on the Companies Act" which contains over 365 questions answered on the new Companies Act and Auditing Profession Act. Some example questions covered in the book include when the financial year of a company begins and ends, the requirements for changing a financial year end, circumstances requiring a company's financial statements to be audited or independently reviewed, and definitions of terms like "reportable irregularity". The book is intended to help auditors and accountants understand their duties and responsibilities under the Companies Act and Auditing Profession Act.
Insolvency and Bankruptcy Code 2016-Jurisdiction to NCLTVaish Associates
This document provides an overview of the Insolvency and Bankruptcy Code of 2016 in India. It discusses why the code was needed due to rising non-performing assets in the banking industry and large backlogs of bankruptcy cases. The presentation covers key aspects of the code including its scope, structure, processes for corporate insolvency resolution and liquidation, treatment of cross-border insolvency cases, and its impact on repealing or amending previous insolvency laws. The Insolvency and Bankruptcy Code aims to provide a time-bound resolution mechanism for both corporate and individual bankruptcy and insolvency proceedings in India.
The document discusses key aspects of India's Insolvency and Bankruptcy Code of 2016, including definitions of insolvency and bankruptcy, the laws that previously governed these areas, reasons for introducing the new code, and key parties and processes involved. It also summarizes critiques of the code and amendments made in 2017 to strengthen its provisions.
This document provides an overview of borrowing powers under company law. It defines key terms related to borrowing such as ultra vires, fixed and floating charges, and debentures. It discusses the statutory limits on a company's borrowing powers, conditions for borrowing funds, and the powers of directors to borrow. It also summarizes the remedies available to lenders for ultra vires borrowing, the registration requirements for different types of charges, and the effects of non-registration. Finally, it compares shareholders and debenture holders and outlines the duties of a company secretary related to the issue of debentures.
The document discusses various provisions of the Companies Act relating to inter-corporate loans and investments, acceptance of deposits, responsibilities for maintaining books of accounts, contents that must be included in annual reports and director's reports, appointment and powers of managing directors, and other managerial remuneration provisions. Key points covered include limits on inter-corporate loans, repayment of deposits, penal interest rates for delayed repayment, persons responsible for books of accounts, information that must be disclosed in annual reports, and qualifications and disqualifications for the role of managing director.
This document provides information about the Certified Claims Manager certification offered by Vskills. The certification assesses candidates' knowledge in areas related to insurance basics, underwriting, claims settlement procedures, legal aspects, ethics, and trends. It is intended for professionals, graduates, and current employees seeking career progression. Earning this certification can help candidates stand out in competitive job markets and qualify for roles in insurance claims departments. The test includes 50 multiple-choice questions to be completed in 60 minutes, and costs Rs. 3,500 to take.
Public limited company registration proposal cvplcorpzo
It is a form of business which is came into existence through companies act. It is a form of business having separate
legal entity from its promoter just like other forms of company. The main advantage of Public limited form of
company is that it can raise capital from the public, it can transfer its share from one person to another, and there is
more opportunity of growth and expansion under this form of company and many more
Choosing the right entity type could be a time taking process, but with the right information you can start your venture pretty soon. This Presentation would give exactly the right information that is self sufficient to incorporate a One Person Company in India.
Webinar on benefits of incorprating of small business loansBiz2Credit
This document discusses the benefits of incorporating or forming an LLC for a business. It outlines several key benefits, including personal asset protection, tax flexibility through pass-through taxation, additional credibility from having "Inc." in the business name, less risk of an IRS audit, and name protection. It then provides an overview of the incorporation process, including entity types like C-Corps, S-Corps, and LLCs as well as considerations for where to incorporate.
This document summarizes assurance requirements for different types of entities in New Zealand. It outlines that statutory audit requirements exist for most companies, issuers, public entities, retirement villages, industrial and provident societies, and some other entities. For entities without statutory requirements, the founding documents or reasons for obtaining funding may require assurance. Only chartered accountants with a Certificate of Public Practice can perform statutory audits, while other assurance work has fewer restrictions. Overall, the appropriate assurance engagement depends on legal structure and requirements.
MACPA Professional Issues Update - Spring 2009 edition. Preso covers major trends affecting the CPA profession including the economic crisis, globalization, regulation/standards, technology, workforce, and Maryland legislative & regulatory developments
The document provides information from a law firm on various legal and business entity structuring matters for startups including choosing an entity type, ownership and vesting considerations, intellectual property protections, and employment compliance. It discusses the pros and cons of different entity types like LLCs and corporations and ownership issues like founders stock vesting terms and tax treatment.
How to start a new business and other legal considerations by Snell & Wilmer ...AnitaBell
This document summarizes a presentation by the law firm Snell & Wilmer L.L.P on legal considerations for starting a business. It discusses selecting the appropriate business entity, such as an LLC or corporation, to protect personal assets from business liabilities. It also covers how to properly form the business entity, capitalizing the business initially and raising future funding, complying with securities laws for any investments, bringing on business partners, and establishing basic legal agreements for operations. The overall aim is to educate business owners on steps to legally structure and establish a new venture.
This document provides an overview of Nevada Corporate Planners, Inc., a company that assists with corporate formation and ongoing business services. It contains a letter from the CEO highlighting common mistakes made during and after incorporation that can expose business owners to costly liability. The document then lists 10 mistakes that can be made before incorporation and 10 mistakes after incorporation. For each mistake, it poses a multiple choice question to test the reader's understanding of asset protection and business concepts. The goal is to help business owners avoid common pitfalls and strategically structure their entities for success.
PMF Legal is a Sydney-based commercial law firm specializing in corporate and commercial law, with expertise in areas like insolvency, administration, and litigation. The firm has a strong record of successful outcomes for clients and has contributed to changes in legislation. It provides innovative, tailored legal advice to meet each client's objectives. PMF Legal is led by principal Paul Fordyce, an experienced commercial lawyer with accreditation in insolvency law.
Presentation to UNSW School of Taxation and Business Law May 2016 Jason Harris
This presentation discussed the current state of insolvency law reform within the context of insolvency practitioner regulation in Australia and the pending Insolvency Law Reform Act 2016 (Cth).
The document provides an overview of US regulatory compliance for the securities industry. It discusses the history of securities regulation in the US following the 1929 stock market crash, including key legislation such as the Securities Act of 1933 and the Securities Exchange Act of 1934 which established the SEC. It also outlines the roles and functions of various compliance departments, including advisory services, training, monitoring, and fostering a culture of compliance.
Questions & Answers for Auditors and Accountants (1st Edition) Over 365 Quest...Dr John W. Hendrikse
This document describes a book titled "Questions & Answers for Auditors & Accountants on the Companies Act" which contains over 365 questions answered on the new Companies Act and Auditing Profession Act. Some example questions covered in the book include when the financial year of a company begins and ends, the requirements for changing a financial year end, circumstances requiring a company's financial statements to be audited or independently reviewed, and definitions of terms like "reportable irregularity". The book is intended to help auditors and accountants understand their duties and responsibilities under the Companies Act and Auditing Profession Act.
Insolvency and Bankruptcy Code 2016-Jurisdiction to NCLTVaish Associates
This document provides an overview of the Insolvency and Bankruptcy Code of 2016 in India. It discusses why the code was needed due to rising non-performing assets in the banking industry and large backlogs of bankruptcy cases. The presentation covers key aspects of the code including its scope, structure, processes for corporate insolvency resolution and liquidation, treatment of cross-border insolvency cases, and its impact on repealing or amending previous insolvency laws. The Insolvency and Bankruptcy Code aims to provide a time-bound resolution mechanism for both corporate and individual bankruptcy and insolvency proceedings in India.
The document discusses key aspects of India's Insolvency and Bankruptcy Code of 2016, including definitions of insolvency and bankruptcy, the laws that previously governed these areas, reasons for introducing the new code, and key parties and processes involved. It also summarizes critiques of the code and amendments made in 2017 to strengthen its provisions.
This document provides an overview of borrowing powers under company law. It defines key terms related to borrowing such as ultra vires, fixed and floating charges, and debentures. It discusses the statutory limits on a company's borrowing powers, conditions for borrowing funds, and the powers of directors to borrow. It also summarizes the remedies available to lenders for ultra vires borrowing, the registration requirements for different types of charges, and the effects of non-registration. Finally, it compares shareholders and debenture holders and outlines the duties of a company secretary related to the issue of debentures.
The document discusses various provisions of the Companies Act relating to inter-corporate loans and investments, acceptance of deposits, responsibilities for maintaining books of accounts, contents that must be included in annual reports and director's reports, appointment and powers of managing directors, and other managerial remuneration provisions. Key points covered include limits on inter-corporate loans, repayment of deposits, penal interest rates for delayed repayment, persons responsible for books of accounts, information that must be disclosed in annual reports, and qualifications and disqualifications for the role of managing director.
This document provides information about the Certified Claims Manager certification offered by Vskills. The certification assesses candidates' knowledge in areas related to insurance basics, underwriting, claims settlement procedures, legal aspects, ethics, and trends. It is intended for professionals, graduates, and current employees seeking career progression. Earning this certification can help candidates stand out in competitive job markets and qualify for roles in insurance claims departments. The test includes 50 multiple-choice questions to be completed in 60 minutes, and costs Rs. 3,500 to take.
Public limited company registration proposal cvplcorpzo
It is a form of business which is came into existence through companies act. It is a form of business having separate
legal entity from its promoter just like other forms of company. The main advantage of Public limited form of
company is that it can raise capital from the public, it can transfer its share from one person to another, and there is
more opportunity of growth and expansion under this form of company and many more
Choosing the right entity type could be a time taking process, but with the right information you can start your venture pretty soon. This Presentation would give exactly the right information that is self sufficient to incorporate a One Person Company in India.
Webinar on benefits of incorprating of small business loansBiz2Credit
This document discusses the benefits of incorporating or forming an LLC for a business. It outlines several key benefits, including personal asset protection, tax flexibility through pass-through taxation, additional credibility from having "Inc." in the business name, less risk of an IRS audit, and name protection. It then provides an overview of the incorporation process, including entity types like C-Corps, S-Corps, and LLCs as well as considerations for where to incorporate.
This document summarizes assurance requirements for different types of entities in New Zealand. It outlines that statutory audit requirements exist for most companies, issuers, public entities, retirement villages, industrial and provident societies, and some other entities. For entities without statutory requirements, the founding documents or reasons for obtaining funding may require assurance. Only chartered accountants with a Certificate of Public Practice can perform statutory audits, while other assurance work has fewer restrictions. Overall, the appropriate assurance engagement depends on legal structure and requirements.
Liquidation is the process of dissolving a company and distributing its assets to pay off debts or return funds to shareholders. It involves canceling business licenses, paying off creditors, selling off assets, and distributing any remaining funds according to ownership stakes. The liquidation process in the UAE requires appointing a liquidator, canceling employee visas, publishing liquidation notices, finalizing audits and obtaining clearance letters from relevant authorities. Completing the entire liquidation process takes around three months.
It is quite obvious that coronavirus has somewhat brought the economy to a halt for a certain time and the government across countries are trying every bit possible to revive it. COVID-19 has affected all organizations and economies as apparent from the steep decrease in demand and supply of products, social distancing and termination of commercial contracts due to failure in performing contractual obligations.
It is quite obvious that coronavirus has somewhat brought the economy to a halt for a certain time and the government across countries are trying every bit possible to revive it.
2. Securities & Exchange Board of India Act, 1992.pptxrishikakkad1
This document provides an overview of the Securities and Exchange Board of India Act of 1992, which established the Securities and Exchange Board of India (SEBI). Some key points:
- SEBI is a corporate body established to protect investors in securities markets, promote securities market development, and regulate securities markets.
- It has the power to regulate listed companies, companies seeking listing, market intermediaries, and others associated with securities markets.
- SEBI is headed by a board with a chairman and members appointed by the central government. It has powers to regulate activities like issues, stock exchanges, and intermediaries and protect investors from unfair practices.
- The act lays out SEBI's adjudication and appeal processes