Page 145 - DCOM106_COMPANY_LAW

Company Law

Notes
Clarification of food-related roles and responsibilities of federal government
departments has led to:
(a) A more integrated and comprehensive approach (gate-to-plate) to trichinosis
in swine, tuberculosis in cattle and zoonotic diseases such as salmonella
enteritidis in poultry.
(b) Improved capacity to respond to outbreaks of food-borne illness and threats
to the food system presented by medicated feeds and antibiotic residues.
(c) Separation of health and safety standard setting from inspection, permitting
new flexibilities for inspection.

(d) Separation of health risk analysis from risk management, thereby fulfilling a
World Health Organization principle
(e) Reduced criticism of conflict of interest because the same department was
responsible for promoting and regulating an industry (fisheries).
8. A more integrated and comprehensive approach (gate-to-plate) to trichinosis in
swine, tuberculosis in cattle and zoonotic diseases such as salmonella enteritidis in
poultry.
9. Improved capacity to respond to outbreaks of food-borne illness and threats to the
food system presented by medicated feeds and antibiotic residues.
10. Separation of health and safety standard setting from inspection, permitting new
flexibilities for inspection.
11. Separation of health risk analysis from risk management, thereby fulfilling a World
Health Organization principle

12. Reduced criticism of conflict of interest because the same department was responsible
for promoting and regulating an industry (fisheries).
Question

Analyse the kind of agency it is. (Hint: Summarize this case)

9.9 Summary

The right of the shareholder to transfer the shares are subject to the articles of association
(For this purpose s.82 classifies shares as movable property, transferable in the manner
provided in the articles).
Section 83 requires that each share in a company having a share capital must be distinguished
by its distinctive number.
A common man uses ‘share’ and ‘share certificate’ to mean the same. It is, therefore,
important to note the exact differences between the two.
The share capital of a company is divided into a number of indivisible units of specified
amount.

If a preference share carries the right for payment of arrears of dividend from future
profits, then such a share is known as cumulative preference share.
The Companies (Amendment) Act, 1999, allowed issue of sweat equity shares subject to
fulfillment of certain conditions.

140 LOVELY PROFESSIONAL UNIVERSITY