By Stephen Griffin
Conscientiously adapted to satisfy scholars' wishes, this thorough creation to corporation legislations is very appropriate for LLB and joint honours undergraduates, in addition to company/ accountancy scholars taking a direction in corporation legislations. absolutely updated with fresh case legislation and laws, corporation legislation is designed to help the student's figuring out of the elemental ideas of the topic and offers with advanced matters sincerely and unambiguously
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Additional resources for Company Law: Fundamental Principles
THE JUDICIAL ACCEPTANCE OF THE COMPANY AS A SEPARATE LEGAL ENTITY In relation to the incorporation of large established business concerns, the judicial interpretation of the Victorian legislation, in its recognition of the registered company as a separate legal entity, was generally accepted without much dissent. g. the House of Lords’ decision in The Princess of Reuss (1871) 5 LR 176, a case in which the existence of an enterprise properly incorporated as a limitedliability company under the Companies Act 1862 was unsuccessfully challenged on the basis that its membership was comprised of ‘foreigners’!
The company prospered and, in an ambitious attempt to expand its wealth, entered into a venture whereby it proposed to purchase the national debt. The company proposed to buy out government creditors or to persuade them to take shares in the South Sea Company in exchange for their claims on the national debt. In an attempt to secure this transaction members of the government and other high-ranking ofﬁcials were rewarded with shares in the company. The rationale behind this venture was that the national debt was a proﬁtable high interest-bearing loan.
Qxd 29/9/05 3:41 PM Page 6 6 Company Law: Fundamental Principles Act of 1862. The desire to encourage incorporation was fuelled by acceleration in business activity inspired and generated by the industrial revolution. THE JUDICIAL ACCEPTANCE OF THE COMPANY AS A SEPARATE LEGAL ENTITY In relation to the incorporation of large established business concerns, the judicial interpretation of the Victorian legislation, in its recognition of the registered company as a separate legal entity, was generally accepted without much dissent.
Company Law: Fundamental Principles by Stephen Griffin