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33 of the Companies Act 2006 now forms the basis of this multiparty contract and is the successor to s. 14 of the Companies Act 1985. Section 33 of the Companies Act 2006 provides for a statutory contract' between the company and its members. It is this contact that is the subject of much controversy and confusion which has spanned over a period of decades.
The registration of different types of companies and the changing of status is allowed by the Companies Act. The legal characteristic of a company allows it to undertake activities in its own right and to sue and be sued in its own name.
Further, Section 32(c) of the Registration Act, 1908, requires that where a document is presented for registration by the agent of a person entitled to present it for registration, such agent must be duly authorised by power of attorney executed and authenticated in manner as mentioned in Section 33 of the Act.
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if you want in, folks, you better get moving: the rime of the ancient mariner part 3 essay. 3. Given that the Explanatory Notes to the Companies Act 2006 state that in relation to section 33 no change to the existing case law is intended, discuss the controversies, both judicial and academic, surrounding the scope of section 33 Companies Act 2006 and its predecessors.
9 Companies Act 1980, then became s 459 461 Companies Act 1985, now repealed pursuant to the Companies Act 2006. 10 See s. 994 (1) CA 2006. Also, see generally Victor Joffe, David Drake& Others, Minority Shareholders (3rd edn The Company Constitution (Part 2): Articles of Association, Objects Clause, Effect of Companies Act Section 33, and Alteration of Articles The Company Constitution (Part 2) Summary Articles of association (internal document) regulates the relationship between the director and the shareholder and determines their power in the company.
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