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Pty. Ltd. (Proprietary Limited Company): ≈ Ltd. (UK) ATF Trust. In Australia companies can act as a trustee for a trust. Pty. (Unlimited Proprietary) company with a share capital: A company, similar to its limited company (Ltd., or Pty. Ltd.) counterpart, but where the liability of the members or shareholders is not limited. Trust [9]
Under Australian law, a proprietary limited company (abbreviated as 'Pty Ltd') is a business structure that has at least one shareholder and up to 50, where the liability of shareholders is limited to the value of shares. Its counterparts include the public limited company (Ltd) and the Unlimited Proprietary company (Pty) with a share capital.
Robinson v Randfontein Estates Gold Mining Co Ltd 1921 AD 168. Director's conflict of interest. Salomon v. A. Salomon & Co. Ltd. [1897] AC 22. Sasol Oil v Nationwide Poles 2006 (3) SA 400 (CAC). South African Airways (Pty) Ltd v Comair Ltd and Another 2012 (1) SA 20 (CAC). Stellenbosch Farmers' Winery Ltd v Distillers Corporation (SA) Ltd and ...
The Perpetual Trustee Company (Limited) was officially formed in 1886, originally based at 105 Pitt Street Sydney. John Pewtress, an accountant, became the first employee. In 1888, a special act was granted to Perpetual (the power) to act as a corporate executor and trustee by the NSW Legislative Assembly. An increasing number of prominent ...
The trust deed, therefore, has a significant role to play in determining the rights and obligations of the parties in that default law (such as fiduciary obligations and rights of recourse against non-entitled third parties) may be excluded or modified by the trust deed. In DKLR Holding Co (No 2) Pty Ltd v Commissioner of Stamp Duties (NSW), [4 ...
In this article, we're going to focus on the key differences, as well as pros and cons, between a family trust and a living trust. One of the smartest moves you can make in estate planning is to ...
In the Australian case of Farah Constructions Pty Ltd v Say-Dee Pty Ltd, however, Gleeson CJ, Gummow, Callinan, Heydon and Crennan JJ observed that the sufficiency of disclosure may depend on the sophistication and intelligence of the persons to whom the disclosure must be made. [58]
Kroukam v SA Airlink (Pty) Ltd is an ... the court cautioned against an argument that participation in trade-union activities destroys the trust relationship ...