February, Date submitted: The general idea behind the Community Interest Companies CIC is to have available a custom made legal vehicle for community and social enterprises where the profits are to be made available for public work.
However, a more focused Community Interest test is in place which has been said to make the implementation of such Companies impossible. Further, it has been said that the Regulator of CIC does not seem to have proper guidance as what constitutes a Community Interest Company. Do you agree with the above statement? A Community Interest Company CIC is a type of limited company specially set up for social enterprises which want to use their profits and assets in favor of the public.
April 23, Coursework ID: Discuss corporate personality and limited liability. While that legal system imposes obligation on the legal person it confers rights. In essence humanity is a state of nature and legal personality is an artificial construct which may or may Not available Date submitted: May 02, Coursework ID: This claim raises issues relating to the veil of incorporation and the relationship between a parent and a subsidiary company.
To a certain extent, this essay acknowledges that since the s, the May 05, Coursework ID: In what circumstances may the veil of incorporation be lifted at common law? In the past, the corporate veil has been lifted where a group of companies have been viewed as a single economic entity.
This argument was raised successfully in the case of D However, a more focused Community Interest Test is in place which has been said to make the implementation of such companies impossible. December, Date submitted: Thus the restrictions on directors are in place in theory, however, in practice, they are still not effective in compelling the behaviour of directors towards the interests of shareholders.
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