Reference no: EM13221495
Mr. Shifty, Ms Avoider and Mr. Marginal call to make an appointment with your firm, Fees Ruthless, solicitors. You have been asked to establish their new company (No-Tax Agents Pty Ltd). You advise them not to bother with their own constitution, but instead to rely on the replaceable rules in the Corporations Act. Advise who should be appointed as directors of their company in view of the following information:
A) Mr. Shifty states that he does not want to be appointed a director or secretary. He suggests instead that:
- his family company be appointed as a director; and
- the company not have a company secretary;
B) Ms Avoider is currently unavailable for meetings as she has five months still to serve for her last conviction for falsifying company accounts;
C) Mr. Marginal is 72 years old and has Alzheimer's disease. A trustee has been appointed to administer his estate.
Assume that Mr.Shifty's family company subsequently goes into liquidation. In her report to AS1C, the liquidator states that the secured creditors have been repaid in full, but the unsecured creditors will not receive more than 20 cents in the dollar. The liquidator does not find any evidence of wrongdoing on the part of Mr.Shifty or any of his fellow directors.
D) What (if any) ramifications does this have for Mr. Shifty, assuming that ASIC's records show that Mr. Shifty has, over the last nine months, had a similar track record with two other small, proprietary companies?
ASSIGNMENT REQUIREMENTS:
Answers should consist of:
- ISSUE (facts)
- relevant law (legislation/cases)
- application (arguments)
- conclusion - outcome (court)
|
Explain in detail what is vapor pressure
: Diethyl ether has a H°vap of 29.1 kJ/mol and a vapor pressure of 0.703 atm at 25.0°C. What is its vapor pressure at 85.0°C?
|
|
Provide a cost-benefit analysis for a company
: provide a cost-benefit analysis for a company which has to decide whether to hire more staff or hire temporary workers to meet production schedules. determine how managers would use your cost-benefit analysis to make this decision.
|
|
What is strategic management and planning
: what is strategic management and planning? Why would a strategic plan be important to the success of this business? How are the four funtions of management relative to creating and implementing a strategic plan?
|
|
What is the net profits of the monopolist
: A discriminating monopolist faces the demand schedule Pmkt = 225 - Q and MC = 125 a) What is the market-clearing price for the discriminating monopolist b) How much will the monopolist produce What is the net profits of the monopolist
|
|
Advise who should be appointed as directors
: What ramifications does this have for Mr. Shifty, assuming that ASIC's records show that Mr. Shifty has, over the last nine months, had a similar track record with two other small, proprietary companies?
|
|
Explain advantages select for advertising the robo-mow
: Robo-mower will only cut grass within its programmed area and it will avoid flower beds, rocks, sidewalks, etc., while you sit in the hammock, enjoying the summer! An emergency "cut-off" switch brings it to a full stop in one-quarter of a second.
|
|
What do the terms liquidity and solvency mean
: we saw how cells of similar size, shape, and function form tissues. As a tissue, muscle is very diverse! Let's kick off our study of muscles by discussing the subtypes of muscle tissue, beginning with smooth muscle. Where do we find this muscle tissu..
|
|
Explain nmr spectrum showing peaks at delta
: A compound, C5H12O, has an 1H NMR spectrum showing peaks at delta 0.9 (6 H, triplet), 1.5 (4 H, quintet), and 1.9 (1 H, singlet), and 3.4 (1 H, multiplet).Draw this molecule.
|
|
How are four functions of management relative to creating
: How are the four functions of management relative to creating and implementing a strategic plan?
|