Limited liability through registered companies and patnerships / Mahdi Yusuf

The historical introduction deals primarily with the struggle to achieve limited liability that took place in England. It is of the writter's View that this is important so as to see and understand the present application of this concept. Although the U.K. Companies Act was passed in 1862, it w...

Full description

Bibliographic Details
Main Author:	Yusuf, Mahdi
Format:	Student Project
Language:	English
Published:	Faculty of Law 1982
Subjects:	K Law in general. Comparative and uniform law. Jurisprudence KP Asia and Eurasia, Africa, Pacific Area, and Antarctica. Asia. (South Asia. Southeast Asia. East Asia)
Online Access:	http://ir.uitm.edu.my/id/eprint/27899/ http://ir.uitm.edu.my/id/eprint/27899/1/PPd_%20MAHDI%20YUSUF%20LW%2082_5.pdf

id	uitm-27899
recordtype	eprints
spelling	uitm-278992020-01-29T09:36:47Z http://ir.uitm.edu.my/id/eprint/27899/ Limited liability through registered companies and patnerships / Mahdi Yusuf Yusuf, Mahdi K Law in general. Comparative and uniform law. Jurisprudence KP Asia and Eurasia, Africa, Pacific Area, and Antarctica. Asia. (South Asia. Southeast Asia. East Asia) The historical introduction deals primarily with the struggle to achieve limited liability that took place in England. It is of the writter's View that this is important so as to see and understand the present application of this concept. Although the U.K. Companies Act was passed in 1862, it was not until the case of Salomon V Salomon (1897) that the English courts had full grasp of the existence of a corporate entity conferred by the Act. Chapter II of the paper: deals with the privilege of limited liability through companies registered under the Companies Act, 1965. A duly registered limited company allows members to reap the advantage of limited liability while enjoying a varying rates of dividands. However, the concept of limited liability is not incapable of being removed. There are instances of such removal. In the case of partnership, though the liabilities of partners are joint and unlimited, it will be seen in Chapter III that an investor may enjoy a sort of limited liability. There is no doubt that partners are liable to the last cent of their fortune, but this is not so in the case of a bona fide lender. To put it simply, one can go ahead and invest in partnership but never be a partner there of and so escape personal liability. It is true to say that the ability to enjoy limited liability has turned the scale in favour of incorporation. However limited liability is not full—proof and not without its attendant costs. These shall be seen in the concluding Chapter. Faculty of Law 1982 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/27899/1/PPd_%20MAHDI%20YUSUF%20LW%2082_5.pdf Yusuf, Mahdi (1982) Limited liability through registered companies and patnerships / Mahdi Yusuf. [Student Project] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	K Law in general. Comparative and uniform law. Jurisprudence KP Asia and Eurasia, Africa, Pacific Area, and Antarctica. Asia. (South Asia. Southeast Asia. East Asia)
spellingShingle	K Law in general. Comparative and uniform law. Jurisprudence KP Asia and Eurasia, Africa, Pacific Area, and Antarctica. Asia. (South Asia. Southeast Asia. East Asia) Yusuf, Mahdi Limited liability through registered companies and patnerships / Mahdi Yusuf
description	The historical introduction deals primarily with the struggle to achieve limited liability that took place in England. It is of the writter's View that this is important so as to see and understand the present application of this concept. Although the U.K. Companies Act was passed in 1862, it was not until the case of Salomon V Salomon (1897) that the English courts had full grasp of the existence of a corporate entity conferred by the Act. Chapter II of the paper: deals with the privilege of limited liability through companies registered under the Companies Act, 1965. A duly registered limited company allows members to reap the advantage of limited liability while enjoying a varying rates of dividands. However, the concept of limited liability is not incapable of being removed. There are instances of such removal. In the case of partnership, though the liabilities of partners are joint and unlimited, it will be seen in Chapter III that an investor may enjoy a sort of limited liability. There is no doubt that partners are liable to the last cent of their fortune, but this is not so in the case of a bona fide lender. To put it simply, one can go ahead and invest in partnership but never be a partner there of and so escape personal liability. It is true to say that the ability to enjoy limited liability has turned the scale in favour of incorporation. However limited liability is not full—proof and not without its attendant costs. These shall be seen in the concluding Chapter.
format	Student Project
author	Yusuf, Mahdi
author_facet	Yusuf, Mahdi
author_sort	Yusuf, Mahdi
title	Limited liability through registered companies and patnerships / Mahdi Yusuf
title_short	Limited liability through registered companies and patnerships / Mahdi Yusuf
title_full	Limited liability through registered companies and patnerships / Mahdi Yusuf
title_fullStr	Limited liability through registered companies and patnerships / Mahdi Yusuf
title_full_unstemmed	Limited liability through registered companies and patnerships / Mahdi Yusuf
title_sort	limited liability through registered companies and patnerships / mahdi yusuf
publisher	Faculty of Law
publishDate	1982
url	http://ir.uitm.edu.my/id/eprint/27899/ http://ir.uitm.edu.my/id/eprint/27899/1/PPd_%20MAHDI%20YUSUF%20LW%2082_5.pdf
first_indexed	2023-09-18T23:19:13Z
last_indexed	2023-09-18T23:19:13Z
_version_	1777419318009528320

Limited liability through registered companies and patnerships / Mahdi Yusuf

Similar Items