Explain the procedure to be followed and the legislation that applies in respect of an AGM in consideration of the financial affairs of the company. Your answer should identify the rights and entitlements that are relevant to the function of designated roles determined by the Companies Act.
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Explain the procedure to be followed and the legislation that applies in respect of an AGM in consideration of the financial affairs of the company. Your answer should identify the rights and entitlements that are relevant to the function of designated roles determined by the Companies Act.
2. Illustrate the processes the private company have to follow and the applicable legislation pertaining to the misrepresentation of the accounting records. Your answer should demonstrate the requirements imposed on the individual involved throughout the processes, and the set-out of the document included.
3. Compare at least five differences in key requirements for an audit committee in terms of the new Companies Act 71 of 2008 and the old Companies Act 61 of 1973.
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- The purpose of the Insuring clause in an Accident and Health policy is to: O A specify the schedule and method of premium payments specify the conditions under which benefits are payable indicate the responsibilities of the insured after a covered loss satisfy the requirements of the uniform policy provision code OB. O C SOD.A director using confidential information to trade in a company's shares is MOST likely to be in breach of the director's duty:A. to act in the company's best interests.B. to act with care, skill and diligence.C. to exercise powers for a proper purpose.D. to avoid a conflict of interests.After researching Best Buy common stock, Sally Wang is convinced the stock is overpriced. She contacts her account executive and arranges to sell short 550 shares of Best Buy. At the time of the sale, a share of common stock had a value of $148. Three months later, Best Buy is selling for $140 a share, and Sally instructs her broker to cover her short transaction. Total commissions to buy and sell the stock were $58. What is her profit for this short transaction?
- What would be the priority of the claims as to the distribution of assets in a liquidation under Chapter 7 of the Bankruptcy Act? 1 is the highest claim, 5 is the lowest. (1) Trustees' costs to administer and operate the firm. (2) Common stockholders. (3) General, or unsecured, creditors. (4) Secured creditors, who have a claim to the proceeds from the sale of specific property pledged to secure a loan. (5) Taxes due to federal and state governments. Oa. 4, 1, 5, 3, 2 Ob. 1, 5, 4, 3, 2 Oc. 1, 4, 3, 5, 2 Od. 5, 1, 4, 2, 3 Oe. 5, 4, 1, 3, 2a debtor fails to appear at the Chapter 7 creditors' meeting, the court may refuse to grant the bankruptcy. True FalseIdentify and state the relevant facts in the case: [*1058] In addition, the Agreement authorizes Defendants to establish and fund a reserve account from Schnucks' payment card transactions to offset its indemnity obligations in an amount not to "exceed ... any current and anticipated Association fees or fines." (Bankcard [**6] Addendum at § 22.1) Schnucks alleges that following the data breach, "First Data received a preliminary case management report from MasterCard outlining the case management fee and the amount of monitoring/card replacement and fraud loss reimbursement it was assessing against Citicorp." (Compl. at ¶ 28) Based on the amount of MasterCard's assessment, First Data then projected the total amount of Visa's assessment (id. at ¶ 29), and established the reserve account by withholding a percentage each day from the funds it collected for Schnucks from its payment card transactions. (Id. at ¶¶ 30-31) Schnucks further alleges that Defendants have breached the Agreement…
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- Harman’s lawyer was successful in representing Harman in their Alberta Court of King’s Bench trial, securing a judgment of $675,000. The Justice also awarded Harman costs based on Schedule “C” of the Alberta Rules of Court, Alta Reg 124/2010 . Based on the foregoing, how much will Harman receive in Schedule “C” costs for the work their lawyer did preparing commencement documents, affidavits, pleadings and related documents and amendments? (Put answer in as a number)The standard of reivew used by the Connecticut Supreme Court in determining whether the takings were constitutional under the 5th Amendment was: a. The takings were reasonably necessary to achieve the City of New London's intended public use. b. The takings were substantially necessary to achieve the City of New London's intended public use. c. There was clear and convincing evidence that the economic benefits of City of New London's plan would in fact come to pass. d. The evidence was beyond a reasonable doubt that the economic benefits of the City of New London's plan would in fact come to pass.Skip and Jack are the shareholders of the Blue Fish Event Corporation. Skip and Jack regularly put on classy events on or near the beach, so they have a special insurance policy to protect their assets. Business has been slow as fewer large beach weddings are taking place, so Skip and Jack use a large fan to blow down and damage most of their décor assets, some of which were personal assets of Skip and Jack, to collect the insurance benefits. (a) Assuming their acts are proven, will a court allow Skip and Jack to recover the insurance money? (b) Is this a situation where the corporate veil may be pierced? Why or why not? (c) What would it mean for Skip and Jack if the corporate veil is pierced in this situation?