Company Law - See attachment Essay Example | Topics and Well Written Essays - 2500 words

Company Law - See attachment - Essay Example 1 Liquidation can voluntary or even compulsory. It is said to be voluntary when it is initiated by the will of the company through a resolution of the equity holders. It is said to be compulsorily carried out when the order of the court becomes the cause of the winding up of the company. 2 In a nut shell, there are two basic kinds of Liquidation procedures whose nature is explained in detail below: Voultary Winding Up In this kind of liquidation the company goes on to willingly wind up the affairs of the company and distribute the assets of the company after paying off the liabilities of the company. ... nding up Creditors’ voluntary winding up is usually due to the company becoming insolvent and unable to pay off its liabilities in due course and the company is perused by the creditors in order to prevent further debts accruing and to receive the due liabilities through the realization of the assets of the company in a process of liquidation. 3 Compulsory Winding up This kind of winding up takes place when the company is ordered to be wound up by an order of the court. There are numerous potential ways of this procedure to institute however the most general one is through the petition filed by the creditors on the argument that the company is unable to pay off its liabilities in due course and since it has not been deemed likely to arrive at a voluntary agreement on liquidation, the compulsory winding up via the court is instituted. The nature of the compulsory winding up is such that the company comes under the process of liquidation under an order from the court on grounds of inability to pay the debts or where the company has certain going concern issues which cannot be resolved through a successful surgery of the company’s affairs or the provision of cash inflows or bailouts where the company may be able to restore the balance of its affair on the positive side.4 However, a request to obtain a leave to prosecute a company which is being compulsorily wound up may be made to the Court who gave the order of winding up of the company. Consequences of Winding up When a company goes into liquidation, mainly due to the compulsory winding up process there is usually a cause of inability to pay its debts whereby the company has to face certain consequences during and after the liquidation and the victims of those consequences are mainly shareholders, employees and even

The Adolescent Development Article Example | Topics and Well Written Essays - 500 words

The Adolescent Development - Article Example It is said that 1 out of every 5 students enrolled in the public education system of the United States came from an immigrant family. This number is believed to be ever-increasing so much so that it is projected that by 2020 the ratio will be 1 out of 3. The subject of immigration comes along with a number of other debates that is indispensable when discussing the subject. The issue, no matter the stance is a different discussion altogether. Immigration is considered as the secondary reason for a nation’s increase in the population other than natural means. But the question on the other hand of the diversity in the development of adolescents belonging to this background is a concern that is not tackled as explicitly. The importance of understanding how they adapt and develop base on their varied personal history creates a necessity for the study thereof. How do the people around them respond to the different needs they require? In the same way that the query of how do these adolescents interact and differ from those who are around them, both in the question of their relations with peers and others, vary? Studies such as ‘Beyond the Family: Contexts of Immigrant Children's Development, New Directions for Child and Adolescent Development’ edited by Hirokazu Yoshikawa. Charles A. Ellwood’s ‘Sociology and Modern Social Problems’ will also be valuable in assessing the inherent sociological diversity at play in an adolescent’s life. Studies on adolescent development and immigration issues that go along with it available on www.cciserver.ums.maine.edu may also prove to be contributory for this research. â€Å"Do Undocumented Students Play by the Rules?† a journal article by Julian Jefferies will also be at hand as it contains information regarding the educational process of immigrant adolescents. Other related literature will also be reviewed for this study.