Trados studio 2017 not included tables on document

#TRADOS STUDIO 2017 NOT INCLUDED TABLES ON DOCUMENT REGISTRATION#

п‚· Companies registered under the Companies Act (Cap 486). Institutions that enjoy Corporate Personality, separate from members who formed it are:

#TRADOS STUDIO 2017 NOT INCLUDED TABLES ON DOCUMENT REGISTRATION#

In regards to the capacity to create legal relations of legal bodies endowed with corporate personality, the nature of such institutions is juristic person, since they are recognized by law as separate legal entities from the natural persons who form it by virtue of their formal registration in accordance with the law under which they are created.5 However, noncompliance with such statutory requirements constitutes it as an unincorporated association which is not regarded as a corporate legal entity.Д¤Laibuta, K.I.

Accordingly, to attract legal intervention in any case, recognition as a person, body corporate is vital, that is, the capacity to act or engage in any legal process as a party depends upon ones status and recognition as a legal person.4 Therefore, legal personality is a fundamental ingredient of capacity without such a person cannot enter into a binding contract. The validity of a business transaction may rest almost entirely on the status of the parties and on their legal capacity to create a relationship attended by legal consequences. Capacity to Create Legal Binding Relations In addition, property cannot be taken away from a corporation without due process of the law.Дў. Corporate personality thus encompasses the capacity of a corporation to have a name of its own, to sue and be sued, and to have the right to purchase, sell, lease, and mortgage its property in its own name. Owing to these artificial processes they are sometimes referred to as artificial person not fictitious persons. The word corporation is derived from the Latin word Corpus which inter alia also means body.ДЄ corporation is therefore a legal person brought into existence by a process of law and not by natural birth. A corporation is an artificial person created by law, and once it comes into being it is treated by law as a person in its own right, and is independent from the individual members who compose it. Apart from human beings, the law also accords legal personality to corporations. Legal personality means that the law recognizes certain persons as having certain legal rights and duties which can be enforced by the courts. п‚· The concept of legal personality (corporate personality) by which a company is treated in law as a separate entity from the members. There are two fundamental legal concepts: The true meaning of company law can only be understood against the background of the common law. Therefore fundamental principles have to be extracted from study of numerous decided cases some of which are irreconcilable. It should denote that the Kenya Companies Act is not a self contained Act of legal rules of company law because it was borrowed from the English Companies Act of 1948 which was itself not a codifying Act but rather a consolidating Act.Д®xceptions to the Rules are stated in the Act but not the rules themselves. The statutory rules are to be found in the Companies Act which is the current Cap 486 Laws of Kenya. The common law rules are embodied in cases. Basically company law consists partly of ordinary rules of Common law and equity and partly of statutory rules. The law treats companies in company law distinctly from partnerships in partnership law. Our legal system provides for three types of associations namely: A company can be defined as an association of several persons who contribute money or moneyвЂ™s worth into a common stock and who employ it for some common purpose. In legal theory company denotes an association of a number of persons for some common object or objects in ordinary usage it is associated with economic purposes or gain. The legal attributes of the word company will depend upon a particular legal system.

This is a very vague definition, in the statute the word company is not a legal term hence the vagueness of the definition. Section 2 (1) of the Companies Act Cap 486 Laws of Kenya states what company means as 'a company formed and registered under this Act or an existing company. Registered company is liable for torts and crimes committed by its servants and agents and the company is distinct and separate from its founders/members. A registered company is a legal person, a juristic person, Capable of owning land and other property, enter into contracts, sue and be sued, have a bank account in its own name, owe money and be a creditor to others.

Trados studio 2017 not included tables on document