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What company chartered by a state and recognized in law as a separate person?
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Is a corporation?
a company that is recognized by the state as a person and is given certain rights
Which person are not qualified for the appointment as auditor of the company under the companies ordinance 1984?
) A person shall not be qualified far appointment as an auditor,-(i) in the case of a public company or private company which is subsidiary of a public company unless he is a Chartered Accountant within the meaning of the Chartered. Accountants Ordinance, 1961 (X of 1961); and(ii) in the case of a private company having paid up capital of three million rupees or more unless he is a Chartered accountant within the meaning of the Chartered Accountants Ordinance, 1961(X of 1961).(2) A firm where if all the partners practicing in Pakistan are Chartered Accountants may be appointed by its firm name as auditors of a company referred to in subsection (1) and may act in its firm name.(3) None of the following persons shall be appointed as auditor of a company, namely:-(a) a person who is, or at any time during the preceding three years was, a director, other officer or employee of the company;(b) a person who is a partner of or in the employment of, a director, officer or employee of the company;(c) the spouse of a director of the company;(d) a person who is indebted to the company;[ ](e) a body corporate; and(f) a person or his spouse or minor children, or in case of a firm, all partners of such firm who holds any shares of an audit client or any of its associated companies:Provided that if such a person holds shares prior to his appointment as auditor, whether as an individual or a partner in a firm the fact shall be disclosed on his appointment as auditor and such person shall disinvest such shares within ninety days of such appointment.Explanation. - Reference in this section to an "officer" or "employee" shall be construed as not including reference to an auditor.(4) A person shall also not be qualified for appointment as auditor of a company if he is, by virtue of the provisions of sub-section (3), disqualified for appointment as auditor of any other company which is that company's subsidiary or holding company or a subsidiary of that holding company.(5) If, after his appointment, an auditor becomes subject to any of the disqualifications specified in this section, he shall be deemed to have vacated his office as auditor with effect from the date on which he becomes so disqualified.(6) A person who, not being qualified to be an auditor of a company, or being or having become subject to any disqualification to act as such, acts as auditor of a company shall be liable to fine which may extend to twenty-five thousand rupees.(7) The appointment as auditor of a company of an unqualified person, or of a person who is subject to any disqualifications to act as such, shall be void, and, where such an appointment is made by a company, the Commission may appoint a qualified person in place of the auditor appointed by the company.
Can i Put a lien on a vehicle to get my name on the title?
A person or a company that puts a lien on a vehicle is a "lien holder" that is on the title. It is not recognized as ownership.
What is a training need and how does it get recognised?
There are different training needs required for companies to promote a person into management. The person trained is credited by the company if trained by the company usually with the promotion or a certificate of completion. If training is done by an outside source, the accreditation is given by the source then recognized by the company.
What are the qualifications to register as a auditor in sri lanka?
Qualifications of auditors.(1) A person shall not be appointed or act as auditor of a company, unless that person-(a) is a member of the Institute of Chartered Accountants of Srilanka or(b) is a registered auditor.(2) Notwithstanding the provisions of subsection (1), a person shall not be appointed or act as auditor of a company other than a private company or a company limited by guarantee, unless that person is a member of the Institute of Chartered Accountants of Sri Lanka.(3) None of the following persons may be appointed or act as an auditor of a company :-(a) a director or employee of the company;(b) a person who is a partner or in the employment of a director or employee of the company;(c) a liquidator or an administrator or a person who is a receiver in respect of the property of the company ;(d) a body corporate ;(e) a person who, by virtue of paragraph (a), (b) or (c), may not be appointed or act as auditor of a related company.(4) A person who holds any office referred to in paragraph (a), (b) or (c) of subsection (3), may not be appointed or act as an auditor of a company for a period of two years after such person has ceased to hold that office.(5) Regulations may be made providing for -(a) the qualifications necessary to become a registered auditor;(b) the procedure for the registration of auditors;(c) the fees payable for such registration
What is a chartered accountant?
The Chartered Accountants are entrusted with substantial responsibility under various legislation such as compulsory audit of the all companies, banks, stock brokers, big income-tax assesses, large bank borrower, etc. This shows the confidence and trust reposed by the Government and society in the profession. A Chartered accountant is one who is specialized in accounting, auditing and taxation. He also serves as a management and corporate caretaker. In recent times, accountancy has become popular as a profession. The services of a CA are required in money matters even in a small business. Moreover according to the Company Act only CA's in professional practice are allowed to be appointed as auditors of companies in India. A chartered accountant is a person who is accepted as a member of the Institute of Chartered Accountants of India (ICAI) after having passed the Final examination of the Chartered accountancy course conducted by the institute. To know more about Chartered Accountant, visit this source in the Related Link below.
What is the judgment in Solomon vs Solomon case?
The crux of the case is whether a company created by Solomon was a distinct legal entity from Solomon or both company and Solomon are one and the same person and Solomon has shown himself and his company a separate legal persons just to defraud the creditors of the company who invested money into his company. In this case the House of Lord gave judgement in favor of Solomon stating Solomon and his Company both are separate legal entity.
The principle of legal entity from the case salomon vs salomon?
A corporation has a legal existence separate and apart from its shareholders (or members) and, even in the case of company which is wholly or substantially held by a single person, that single person is not liable--in the absence of fraud or other limiting factors--for the debts of the company he or she has incorporated.
What is a limited company?
A limited company is a corporation, In legal terms the company or corporation is a separate person from its investors. If it goes bankrupt, its investors lose their investment but cannot be pursued for the corporation's unpaid debts. Their liability is limited to their investment--hence, "limited" company.
Who is generally recognized as being the first person to use fingerprints as a mean of identification?
Sir William Herschel is recognized as being the first person to use fingerprints as a means of identification.
Why is a person recognized as a martyr in the Catholic Church?
If they died for the faith
What is common seal of private limited company?
a common seal of a private limited company is the official signature of the company being a separate entity. it must contain a company name and should be used on all valid documents or on any document to be valid. any person authorised by the company to enter into an agreement with others should have his signature and company's common seal to justify its validity.
