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Parent Company
A PARENT COMPANY is a company that owns enough voting stock in another firm to control management and operation by doing and influencing or electing its board of directors . The second company is deemed a subsidiary of the parent company
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Talk
TALK may refer to: * Conversation , interactive communication between two or more people * Speech , the production of a spoken language * Interaction , face to face conversations * Compulsive talking , beyond the bounds of what is considered to be a socially acceptable amount of talking * Communication<
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Company
A COMPANY, abbreviated CO., is a legal entity made up of an association of people, be they natural , legal , or a mixture of both, for carrying on a commercial or industrial enterprise. Company members share a common purpose and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals . Companies take various forms such as: * Voluntary associations which may include nonprofit organization * A group of soldiers * Business entities with an aim of gaining a profit * Financial entities and banks A company or association of persons can be created at law as legal person so that the company in itself can accept limited liability for civil responsibility and taxation incurred as members perform (or fail) to discharge their duty within the publicly declared _"birth certificate" _ or published policy
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Common Stock
COMMON STOCK is a form of corporate equity ownership, a type of security . The terms VOTING SHARE and ORDINARY SHARE are also used frequently in other parts of the world; "common stock" being primarily used in the United States . They are known as EQUITY SHARES or Ordinary shares in the UK and other Commonwealth realms. This type of share gives the stockholder the right to share in the profits of the company, and to vote on matters of corporate policy and the composition of the members of the board of directors . It is called "common" to distinguish it from preferred stock . If both types of stock exist, common/equity stockholders usually cannot be paid dividends until all preferred/preference stock dividends are paid in full; it is possible to have common stock that has dividends that are paid alongside the preferred stock
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Board Of Directors
A BOARD OF DIRECTORS is a recognized group of people who jointly oversee the activities of an organization , which can be either a for-profit business , nonprofit organization , or a government agency . A board of directors' powers, duties and responsibilities are determined by government regulations (including the jurisdiction's corporations law ) and the organization's own constitution and bylaws . These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and might be subordinate to, the organization's full membership, which usually vote for the members of the board
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Subsidiary
A SUBSIDIARY, SUBSIDIARY COMPANY or DAUGHTER COMPANY is a company that is owned or controlled by another company, which is called the _parent company _, _parent_, or _holding company _. The subsidiary can be a company, corporation , or limited liability company . In some cases it is a government or state-owned enterprise . In some cases, particularly in the music and book publishing industries, subsidiaries are referred to as imprints . In the United States railroad industry, an OPERATING SUBSIDIARY is a company that is a subsidiary but operates with its own identity, locomotives and rolling stock . In contrast, a NON-OPERATING SUBSIDIARY would exist on paper only (i.e., stocks, bonds, articles of incorporation) and would use the identity of the parent company . Subsidiaries are a common feature of business life, and most multinational corporations organize their operations in this way
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Corporations Act 2001
The CORPORATIONS ACT 2001 (CTH) (the Corporations Act, or informally as the 'Corps' Act) is an act of the Commonwealth of Australia
Australia
that sets out the laws dealing with business entities in Australia
Australia
at federal and interstate level. It focuses primarily on companies , although it also covers some laws relating to other entities such as partnerships and managed investment schemes. The Corporate Law Economic Reform Program Act 2004 reforms simplified the statute. At several thousand pages long, the statute dwarfs those of other nations such as Sweden, whose corporations statute, comparatively, is less than 200 pages long. The Corporations Act is the principal legislation regulating companies in Australia. It regulates matters such as the formation and operation of companies (in conjunction with a constitution that may be adopted by a company), duties of officers, takeovers and fundraising
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Legal Personality
A LEGAL PERSON, in legal contexts often simply PERSON, less ambiguously LEGAL ENTITY, is any human or non-human entity, in other words, any human being, firm, or government agency that is recognized as having legal rights and obligations, such as having the ability to enter into contracts, to sue, and to be sued. The term "legal person" is however ambiguous because it is also used in contradistinction to "natural person", i.e. as a synonym of terms used to refer only to non-human legal entities. So there are of two kinds of legal entities, human and non-human: natural persons (also called physical persons) and juridical persons (also called juridic, juristic, artificial, legal, or fictitious persons, Latin : persona ficta), which are other entities (such as corporations) that are treated in law as if they were persons. While human beings acquire legal personhood when they are born, juridical persons do so when they are incorporated in accordance with law
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General Meeting
An ANNUAL GENERAL MEETING (commonly abbreviated as AGM, also known as the ANNUAL MEETING) is a meeting of the general membership of an organization. These organizations include membership associations and companies with shareholders . These meetings may be required by law or by the constitution , charter , or by-laws governing the body. The meetings are held to conduct business on behalf of the organization or company. CONTENTS * 1 Purpose * 2 Public companies in the United States * 3 Private companies in Great Britain * 4 See also * 5 References PURPOSEAn organization may conduct its business at the annual general meeting. The business may include electing a board of directors , making important decisions regarding the organization, and informing the members of previous and future activities
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United Kingdom
The UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND, commonly known as the UNITED KINGDOM (UK) or BRITAIN, is a sovereign country in western Europe. Lying off the north-western coast of the European mainland , the United Kingdom
United Kingdom
includes the island of Great Britain
Great Britain
, the north-eastern part of the island of Ireland
Ireland
and many smaller islands. Northern Ireland
Northern Ireland
is the only part of the United Kingdom
United Kingdom
that shares a land border with another sovereign state‍—‌the Republic of Ireland
Ireland

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Conglomerate (company)
A CONGLOMERATE, also named as chaebol , keireitsu or the Cohong , is the combination of two or more corporations engaged in entirely different businesses that fall under one corporate group , usually involving a parent company and many subsidiaries . Often, a conglomerate is a MULTI-INDUSTRY COMPANY. Conglomerates are often large and multinational . Conglomerates were popular in the 1960s due to a combination of low interest rates and a repeating bear-bull market , which allowed the conglomerates to buy companies in leveraged buyouts , sometimes at temporarily deflated values. Famous examples from the 1960s include Ling-Temco-Vought , ITT
ITT
Corporation , Litton Industries , Textron , Teledyne
Teledyne
. Because of low interest on the loans, the overall return on investment of the conglomerate appeared to grow
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Holding Company
A HOLDING COMPANY is a company that owns other companies' outstanding stock . The term usually refers to a company that does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group . Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies. In the United States , 80% of stock, in voting and value, must be owned before tax consolidation benefits such as tax-free dividends can be claimed. That is, if Company A owns 80% or more of the stock of Company B, Company A will not pay taxes on dividends paid by Company B to its stockholders, as the payment of dividends from B to A is essentially Company A transferring cash from one company to the other. Any other shareholders of Company B will pay the usual taxes on dividends, as they are legitimate and ordinary dividends to these shareholders
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Minority Interest
In accounting , MINORITY INTEREST (or NON-CONTROLLING INTEREST) is the portion of a subsidiary corporation's stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares , or the corporation would generally cease to be a subsidiary of the parent. It is, however, possible (such as through special voting rights) for a controlling interest requiring consolidation to be achieved without exceeding 50% ownership, depending on the accounting standards being employed. Minority interest
Minority interest
belongs to other investors and is reported on the consolidated balance sheet of the owning company to reflect the claim on assets belonging to other, non-controlling shareholders. Also, minority interest is reported on the consolidated income statement as a share of profit belonging to minority shareholders
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AustLII
The AUSTRALASIAN LEGAL INFORMATION INSTITUTE (AUSTLII) is an institution operated jointly by the Faculties of Law of the University of Technology Sydney and the University of New South Wales
University of New South Wales
. Its public policy purpose is to improve access to justice through access to legal information. CONTENTS * 1 Inception * 2 Content * 3 See also * 4 References * 5 External links INCEPTIONAustLII was established in 1995. Founded as joint program of the University of Technology Sydney and the University of New South Wales Law schools , its initial funding was provided by the Australian Research Council . CONTENTAustLII content is publicly available legal information. Its primary source information includes legislation , treaties and decisions of courts and tribunals . It also hosts secondary legal materials, including law reform and Royal Commission reports, as well as legal journals
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Special
SPECIAL or SPECIALS may refer to: CONTENTS * 1 Music * 2 Film and television * 3 Other uses * 4 See also MUSIC * _Special_ (album) , a 1992 album by Vesta Williams * "Special" (Garbage song) , 1998 * "Special" (Mew song) , 2005 * "Special" (Stephen Lynch song) , 2000 * The Specials , a British band * "Special", a song by Violent Femmes on _The Blind Leading the Naked _ * "Special", a song on _ The Documentary _ album by GameFILM AND TELEVISION * Special (lighting) , a stage light that is used for a single, s
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Parent Company
A PARENT COMPANY is a company that owns enough voting stock in another firm to control management and operation by doing and influencing or electing its board of directors . The second company is deemed a subsidiary of the parent company
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