Consequences of Winding Up Essay Example for Free

Consequences of Winding Up Essay The liquidator has no power to carry on business with a view to resuscitating the company or making profits. The liquidator shall carry on the business of the company principally to enable the business to be sold off as a going concern. 2. A transfer of shares may be carried out only with the sanction of the liquidator. In effect, the membership of the company is frozen once winding up commences. 3. The directors and certain other officers of the company are under a duty to assist and cooperate with the liquidator. 4 4. Where the company has either bought property from or sold property to a person who was at the time of the transaction a director of the company for cash consideration and the transaction occurred within 2 years before the commencement of the winding up, the company may recover any amount by which the property was overvalued or undervalued. 5. Where the company has gone into liquidation within 6 months of the creation of a floating charge, that charge is void except to cover the amount of cash advanced to the company at the time of creation or subsequently, together with interest at 5% per annum. The liquidator(s) appointed upon the winding up of the company to manage the affairs of the company for the purpose of the liquidation shall: 1. investigate the affairs and assets of the company as well as the conduct of its directors and other related persons; 2. recover and realise the company’s assets at the best possible price and in a manner that is to the best advantage to the company; and 3. adjudicate the claims of all creditors and to ensure an equitable distribution of the company’s assets. Distribution of Assets The company’s property is to be applied in satisfaction of its liabilities upon winding up, and the surplus distributed among the members according to their rights and interests in the company. Secured creditors need not prove for their debts but can realise their security and obtain full satisfaction. Once the secured creditors have been paid out of the assets that comprise their securities, the remainder of the assets, if any, will be distributed among the preferred creditors. The order of priority is as follows : . Costs and expenses of the winding up. 2. Wages and salaries of the employees of the company. 3. Retrenchment benefit or ex-gratia payment (if any) due to the employees of the company. 4. Compensation for injuries suffered in the course of employment under the Workmen’s Compensation Act (Cap 354). 5. Provident fund contributions payable in the â€Å"12 months next before, on or after the commencement of the winding up† under any written law or under any approved scheme of superannuation or retirement benefits. . Remuneration payable in respect of vacation leave accrued before or after the commencement of the winding up. 7. All taxes assessed before the commencement of the winding up or before the time fixed for the proving of debts has expired. Any residue remaining after payment of the creditors is divisible among the members in accordance with the company’s Memorandum and Articles of Association.

Puritan :: essays research papers

US History Essay During the seventeenth century, the Puritans landed in New England to form the Massachusetts Bay colony. John Winthrop, the first Governor of the colony, saw the place as a political and religious refuge. He described it as â€Å"a city upon a hill.† In England, the Puritans were not free to practice their faith and were persecuted by the Anglican Church. The Puritans wanted to create an ideal society where they could practice religion at will. These people risked everything just so they could freely practice their faith. Their sole purpose in settling in America was to sustain and practice their religion.   Ã‚  Ã‚  Ã‚  Ã‚   The Massachusetts Bay colony was very different from their counterpart, Jamestown. Jamestown colonists consisted of mainly single men who came to the New World to merely make money. These money-hungry profiteers were interested in milking the land for cash crops and other sources of revenue. The Puritans, on the other hand, formed communities where they could closely practice their faith together. They had a big focus on families and community worship. The Puritans also created a government, which was based on the idea of the rule of the majority. The Jamestown colony was not interested in making communities. The Puritans’ priorities were centered on their religion and the teaching of it. This is clearly shown in their focus of education. The purpose of education to them was to teach the children religious and moral values. This would prove to be a very good way to. Every community of 50 families had a teacher and every community of 100 families had a school. The Puritans emphasis on religious education supports the fact that they had moralistic plans for the New World. The Jamestown colonists, however, were not as concerned with education. Although the Puritans came to the New World for religious freedom, they did not accept people whose religious beliefs differed from those of the Puritans in the community. Anne Hutchinson, a religious reformer, held meetings at her house to read the Bible to puritan men and women.

Is the truth obscured by language? Essay

Truth is public, independent of anyone’s belief and eternal.1 Language allows us to convey knowledge from one person to another by recording our thoughts and feelings and communicating these to others. However, I think that our knowledge can be affected by our capacity to communicate through language. Truths are obscured and our understanding of them is influenced by the language that they are expressed in. A truth may be deliberately concealed or misrepresented. The context in which it is expressed will also affect our understanding of it. Our understanding of something may be obscured by the ambiguity of language. A word could have a range of meanings. Often the context in which a word is used determines its meaning. We use language differently and respond differently to the various uses of language, depending on the context in which it is expressed. But in some cases, because of ambiguity, it is possible to get confused. If I say, â€Å"Visiting relatives can be so boring† it could mean two different things. I may be expressing that I do not enjoy going over to visit a relative, or that I get bored when relatives come to visit me. Both interpretations are relevant to the same context and thus the possibility of confusion arises from ambiguity. The truth, that is, how I really feel, is obscured when the sentence is interpreted in a different way. The use of language leads to classifications, which determines our attitude and behavior. I think that in the case of generalizations, often the words may not mean anything but it is our conventional reactions, which determine our response towards that which is being generalized. As well as reflecting reality, language may also create it. Blondes are classified as being dumb. This has given rise to the widespread use of the phrase â€Å"dumb blondes† and innumerable â€Å"dumb blonde jokes†. The words create reality to the extent that whenever someone meets a blonde person, his/her initial reaction is that he/she will be dumb. Such stereotypes exist in most aspects of everyday life. They contribute to our opinions and these preconceived notions lead us to make assumptions, which may not necessarily be true. Despite this, we still cling to our notions and as a result, our understanding of the truth has been altered. This also happens when we make inferences and judgments. Whenever we come to a conclusion about something based on what we know, it may not be valid. Once we make our judgment and express it in words, we are forced to think along those lines and reduce the possibility of arriving to a new conclusion. When I say that Jack hurt Jill, we think that Jack, a boy, has physically hit Jill or perhaps has been the cause of emotional pain for Jill, a girl. But the only information presented in the statement is that Jack is a living being and did something that could cause Jill to suffer. Jack and Jill may both be dogs, or Jack may have hurt his dog Jill. We cannot be sure of what the true facts are. Nevertheless, we assume more than the information presented in the statement. Therefore, I believe that language can create and maintain reality and make us believe something even if there is no basis on the true facts. People may deliberately avoid telling the truth and employ language to do so. We say that children tell fibs, accused persons and criminals tell lies, witnesses commit perjury, politicians mislead the people, and lawyers misrepresent the truth. These are all different ways of expressing that a person has said something that is not true. They may do so to persuade others of a certain point of view or win an argument, or simply to sell a product or make a profit. Politicians, particularly, use words, not to enlighten or reveal the truth but often to conceal and deceive. Politicians are adept at using phrases that fall soothingly on the ear but are empty of meaning. These phrases have been so commonly used that they cease to mean something, but they still create the feeling of reassurance and the politicians succeed in gaining the people’s trust. For this purpose, they may use long, hard to define and ambiguous words. Politicians, with the help of the media, have even perverted the meaning of certain words. For example, in the recent refugee situation, through the articles in the newspapers and the statements of various politicians, the people have been led to believe that â€Å"boat-people†, â€Å"refugees†, â€Å"asylum-seekers†, â€Å"illegal immigrants† all mean the same thing. The people assume that all refugees are â€Å"boat-people†, all â€Å"boat-people† are illegal immigrants, and that asylum-seekers have no rights. 2 The word â€Å"freedom† means to be free from political oppression, but now it means freedom from wants and needs, huger, unemployment, illiteracy, sickness, etc. – something promised by the government. The politicians may also use vagueness in language. A statement like â€Å"My government will take strong countermeasures†¦Ã¢â‚¬  is vague and does not really promise anything but it gives the effect that they will try their best. Thus, I believe, that language can be used to deliberately conceal the truth. I think that the truth can be obscured by the language in which we express them. The extent to which it is obscured would depend on the context. Classifications would lead us to make assumptions, which may not be true. Our interpretations and the judgments we make from them would create a difference between what is the truth and what we understand from the expression of that truth. People may deliberately use language to obscure the truth. The language of politics is designed to conceal the facts. Advertising misleads the consumer. The truth remains the same. It cannot be changed but it can be misrepresented. I believe that when communicating the truth through language, it is our understanding of the truth, which leads us to believe something that is not true, therefore obscuring the true facts. Bibliography: 1. Philosophy – An Introduction to The Art of Wondering 2. Stanford Encyclopedia of Philosophy – http://plato.stanford.edu/ 3. Ways of Knowing – An Introduction to Theory of Knowledge. Michael Woodman 4. Thinking About Thinking. Antony Flew 5. Introductory Readings on Language. Wallace L. Anderson and Norman C. Stageberg 6. The Story of Language. Merio Pei 7. A Nice Line in Bigotry [Article] – Philip Adams 8. The Corruption of Language [Article] – Leslie Snyder 9. Perrault’s Durable Myth Cinderella: Female Role Model Propoganda – class handout 1 Ways of Knowing – An Introduction to Theory of Knowledge. Michael Woodman 2 A Nice Line in Bigotry [Article] – Philip Adams

Physician Assisted Suicide Is A Universal Experience

Introduction â€Å"Death is a universal experience. No matter what our culture, our religion, our race, or our country of origin, we will all die. How we approach death, how we think about suffering and grief, and what we believe happens after we die vary based on our culture, religion, and spiritual beliefs. Spiritual beliefs ground our thinking about end-of-life concepts.† -Susan Thrane, MSN, RN, OCN Over the years voluntary euthanasia, also known as physician assisted suicide (PAS), has been a huge controversy in the United States as well as in other countries. Physician assisted suicide is defined as a doctor knowingly and intentionally with knowledge, means, or both required to commit suicide. It includes counselling about lethal†¦show more content†¦In religion the views differ and vary and suicide can often offend one’s religion, recent studies have shown that Americans who are religious are most likely to oppose the act, according to Gallup as of 2013. People are at greater risk when aid in dying is secret and unregulated rather than open and regulated strictly and parallels to the regulation of abortion can be made. Assisted suicide and even suicide in general are difficult topics to debate on because they are essentially based on one’s opinion. Topic Background Believe it or not, euthanasia has been a major issue in the first and fifth century in Ancient Rome and Greece before christianity others tolerated euthanasia. Many pagan physicians conducted assisted-suicides, which was against the Hippocratic Oath, the oath prohibited doctors from giving a deadly drug to anyone. People supported this because it gave them the opportunity to decide if they wanted to participate in voluntary suicide. During the Great Depression, euthanasia increased dramatically because of the troubled economy. A public poll in 1937, showed that 45 percent of americans believed it was okay to mercy kill infants born with deformities. The Death with Dignity Act (DWDA), which was passed in 1994 allowed people living in the state of Oregon to request physician-assisted suicide if wanted. The state became the first state to allow a law in American history to permit physician