Business Law

Why are minutes of your meeting essential?

The answer is that they are required by Section 50 the Associations Incorporation Act, 2009 and must be kept by the Secretary.  Similarly corporations are required to keep minutes of meetings too.  Members may at all reasonable times inspect the minutes although Shareholders of corporations have only limited ability to view minutes of Directors meetings. …

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Bankruptcy what happens?

Upon being made a Bankrupt, your house maybe sold, your bank account (if it has credit funds) belongs to your Trustee in Bankruptcy, your business may be sold by the Trustee, your shares in companies go the Trustee, any tools of trade above $3700 goes to the Trustee and any other assets go the Trustee …

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