Company Law Essay Example | Topics and Well Written Essays - 2250 words - 3

Company Law - Essay Example In the given problem, though, the place of incorporation of â€Å"Beauty Care Ltd or BCL â€Å"is not given, it is assumed that it has been incorporated in a valid jurisdiction. Hence, it is assumed that it is not a private company incorporated in Hong Kong and a company registered elsewhere, which is suitable for listing in Hong Kong. It should have a past trading record in the last three financial years and its net profit after taxes but before dividend should not be lesser than HK $ 20,00,0000 and in respect of the last two financial years, it should not be lesser than HK$ 30, 00,000. In the last three financial years, a minimum of HK$50 million should have been reported as profit. At least twenty five percent of minimum paid-up capital should be controlled by at least not less than one thousand public shareholders. It is to be observed that above mentioned minimum number of public shareholders shall exclude any employee holdings of the company. However, up to five percent holdings held by employees is permitted to comprise of the twenty-five percent public shareholding spread. By the introduction listing of securities already issued where no marketing arrangements are needed since the securities for which listing is sought are already of such an amount and so widely held that there is enough marketability. Beauty Care Limited (BCL) has to submit an application for listing its shares and it has to go through the formalities of the dual vetting and filing process by both the SFC and HKSE. However, in case if the application is made to HKSE only, then it will forward a copy to SFC. Further, HKSE will be the front-end communicator for the purpose of listing. (Soulier & Best 2005:200). Further, the listing document of an overseas issuer who wishes to have a primary listing in Hong Kong should furnish a summary of the specific regulatory statutory rules or otherwise of the overseas

Community threats Assignment Example | Topics and Well Written Essays - 1000 words

Community threats - Assignment Example It is prudent to note that chemical agents can be catastrophic to Calhoun County together with other numerous hazards which pose threats as well. One the area with harmful chemical agents is the Anniston Army Depot (ANAD), which opened in 1941 to store ammunition.    The residents of Anniston and areas surrounding it have already been exposed to toxic materials from this depot. This region  has felt the effects of injustice, and now faces an even greater threat. Chemicals released from this depot and the incinerator is harmful to the residents. This may increase cancer among this people. The Demographics and health hazards compiled show the disproportionate effects the local population will suffer if the incinerator became operational.   This means that if the incinerator starts functioning there are harmful chemicals that will be released into the atmosphere hence endangering health. Therefore chemical spill from the Anniston Army Depot is hazardous to the environment. Also there is high risk of chemical spills due to the research ongoing at JSU in labs on campus. These are the major chemical agents that threaten the lives of the people of Calhoun County. It was discovered also that metals and chlorinated solvents were present in the ground water below the ANAD Southeast Industrial Area1. Take note that this ground water is the source of drinking water for residents Calhoun County. The hydrogeology of Calhoun County has been greatly affected and it is very complex hence it needs further studies to find the possible interconnections. The concept of cyberterrorism is composed of two significant modern fears which are the fear of technology and fear of terrorism. Due to technology International terrorist groups vividly have the capability of attacking the information infrastructure of the United States. This is a threat to the county of Calhoun because there are possibilities of attacks from the