Comparative company law / Anthony O. Nwafor.

Format:

Book

Author/Creator:

Nwafor, Anthony O., author.

Series:

Malthouse law books

Language:

English

Subjects (All):

Corporation law--Nigeria.

Corporation law.

Nigeria.

Corporation law--Great Britain.

Great Britain.

Corporation law--South Africa.

South Africa.

Physical Description:

xliv, vii, vii, 473 pages ; 24 cm.

Place of Publication:

Lagos, Benin, Ibadan, Jos, Port-Harcourt, Zaria : Malthouse Press, 2020.

Summary:

Topics discussed in the book are deliberately comparative and show the different levels of the ground rules for the regulation of corporate operations in different jurisdictions. The United Kingdom, Nigeria and South Africa are primarily chosen simply on the common law background upon which the statutory provisions in those countries are founded. There are also references to Canada, Australia and India on case by case basis to illustrate the differences in the application of the relevant legal principles and statutory interpretations. The insights gained should facilitate statutory amendments and effective adjustment in the operations of the regulatory agencies and business organizations.--From back cover.

Contents:

Machine generated contents note: ch. 1 Meaning and Evolution of Company Law and Practice

1.1. Meaning of company

1.2. Evolution of company law and practice

1.3. Contributions of the judiciary to the development of company law cand practice

1.4. Types of companies

1.4.1. Company limited by shares

1.4.2. Company Limited by Guarantee/Non-profit company

1.4.3. Unlimited liability company/personal liability company

1.4.4. Private and Public Companies

1.5. Conclusion

2. Company Promoter and Pre-Incorporation Contract

2.1. Introduction

2.2. Promoter in a pre-incorporation company

2.3. Duties of promoters

2.4. Pre-lncorporation Contract

2.5. Conclusion

3. Investor as a Member of a Company

3.1. Introduction

3.2. Who is an Investor

3.3. Shareholder and member of a company

3.4. Conclusion

4. Purchase of a Company's Shares

4.1. Introduction

4.2. The Prospectus Rule

4.3. Importance of a Prospectus

4.4. Remedies for Untrue Statement in a Prospectus

4.4.1. Rescission of Contract

4.4.2. Criminal Liability for Untrue Statement

4.5. Conclusion

5. Financial Assistance for the Purchase of Shares in a Company

5.1. Introduction

5.2. Financial assistance in retrospect

5.3. What is financial assistance?

5.4. The Commercial realities approach

5.5. The Impoverishment test

5.6. Is a definition necessary?

5.7. Prohibited transactions

5.8. The Legislative response

5.9. Consequences of a breach

5.10. Exceptions to the prohibition of financial assistance

5.11. Conclusion

6. Company's Constitution

6.1. Introduction

6.2. Effect of a Company's Constitution

6.3. A member's right to enforce the constitution

6.4. Conclusion

7. Amendment of Company's Constitution

7.1. Introduction

7.2. Power to Amend the Constitution

7.3. Restrictions on Amendment of the Constitution

7.3.1. The Statute

7.3.2. Contract

7.3.3. Order of court

7.4. Conclusion

8. Corporate Veil

8.1. Introduction

8.2. Corporate Legal Personality

8.3. Piercing the corporate veil

8.4. When the veil may be pierced

8.4.1. Statutory veil piercing

8.4.2. Judicial veil piercing

8.5. Conclusion

9. Shareholders Meeting

9.1. Introduction

9.2. Meaning of meeting

9.3. Meeting ordered by the Court

9.4. Conclusion

10. Shareholders Unanimous Decision

10.1. Introduction

10.2. The Principle of Unanimous Assent

10.3. Justifications for the Application of Unanimous Assent

10.4. Statutory Recognition of Unanimous Assent

10.5. Requirements for the Application of Unanimous Assent

10.5.1. What Constitutes Informal Assent

10.6. Unanimous Assent and Special Resolution

10.7. Conclusion

11. Shareholders Voting Rights

11.1. Introduction

11.2. Voting Rights

11.3. Voting on Amendment of a Company's Constitution

11.3.1. Interests of the company

11.3.2. Conflicting interests of shareholders

11.4. Conclusion

12. Company Directors

12.1. Introduction

12.2. Construing the concept of director

12.3. Identification Doctrine

12.4. De Facto Director

12.5. Corporate Directorship and De Facto Director of Subject Company

12.6. Conclusion

13. Remuneration of Company Directors

13.1. Introduction

13.2. Scope of the Concept

13.3. The Legal Framework

13.4. Conclusion

14. Transparency in Corporate Governance

14.1. Introduction

14.2. Statutory Antecedent to Duty to Disclose Interest

14.3. Exploring the Statutory Components of the Duty

14.4. Extent of Interest to be Disclosed

14.5. Effect of Failure to Disclose Interest

14.6. Conclusion

15. Corporate Opportunity Doctrine

15.1. Introduction

15.2. The Corporate Opportunity Doctrine

15.3. Duty after Resigning from Company

15.4. Statutory Recognition of Common Law Rules

15.5. Disclosure of Interest

15.6. Conclusion

16. Ratification of Directors Fraudulent Dealings

16.1. Introduction

16.2. Fraudulent Conducts

16.3. Who May Vote

16.4. Effect of Ratification

16.5. Conclusion

17. Corporate Social Responsibility

17.1. Introduction

17.2. Shareholder Value Approach to Corporate Governance

17.3. Enlightened Shareholder Value Approach

17.4. Pluralist Approach to Corporate Governance

17.5. Conclusion

18. Enforcement of Corporate Rights

18.1. Introduction

18.2. The Rule in Foss v. Harbottle

18.3. Derivative Action

i. Fraud

ii. Control

18.4. Conclusion

19. Unfair Prejudice Remedy

19.1. Introduction

19.2. Oppression, Unfair Prejudice and Unfair Disregard of Interest

19.3. Protected Interests

19.4. Conduct of a Company's Affairs or Business

19.5. Judicial Reliefs

19.6. Conclusion

20. Business Rescue

20.1. Introduction

20.2. Meaning of Corporate/Business Rescue

20.3. Why Business Rescue?

20.4. Moratorium During Business Rescue

20.4.1. Moratorium on Creditors' Rights

20.4.2. Moratorium on Legal Proceedings

20.4.3. Moratorium on Proprietary Rights

20.5. Protection of Creditors' Rights

20.6. Business Rescue Practitioner

20.7. Who is a Business Rescue Practitioner

20.8. Appointment of a Business Rescue Practitioner

20.9. Powers and Duties of a Business Rescue Practitioner

20.10. Conclusion.

Notes:

Includes bibliographical references and index.

ISBN:

9789785739718

9785739716

OCLC:

1202612127

Publisher Number:

99989205716