ACCA F4 Chapter 10 Company Law part 6

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  1. Avatar of jcas jcas says:
    May 20, 2013 at 8:35 pm

    Thank for the reply Sir Mike, I understand that part of it.
    Sorry for being unclear but what i wanted to know was, in a situation like that of the case what would the trading certificate date be ?(issuance of this must be within a year,if not the company would be dissolve)

  2. Avatar of jcas jcas says:
    May 19, 2013 at 8:11 am

    Greeting Sir, in the case of Jubilee Cotton Mill,what would the date on the trading certificate be ?Would the year 1 day apply here and the company not dissolve? i understand that the date on the company birth certificate is the day the company was born but how did the aforementioned fit in for the said case.

    • Avatar of MikeLittle MikeLittle says:
      May 19, 2013 at 8:45 am

      “Would the year 1 day apply here and the company not dissolve?” I am really sorry but I have no idea what you mean by “the year 1 day apply here” The facts of the case are not important – it’s merely the illustration of the legal / statutory rule which states that the date on the certificate is conclusive proof that that is the date the company was created. The “facts” as I tell them are that over the new year 1889 / 1890, the “89″ in 1889 was moved on to “80″ to give 1880, but the “8″ from “89″ was not changed to make it 1890. Thus 1.1.1890 was in fact issued as 1.1.1880

      Just how close to reality those facts are is totally irrelevant :-)

  3. Avatar of tauraiversatile tauraiversatile says:
    October 24, 2012 at 7:33 pm

    Court cases are quiet interesting.

  4. Avatar of paimana paimana says:
    May 9, 2012 at 4:43 am

    Sir , in a private company can we change the face value of existing shares i.e we have already 100 shares of $1 each but now we want to issue further 100 shares with $100 each but we also want to change the value of existing 100 shares which are $1 each.

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