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Introduction It is said that charity begins at home, and no other principle could possibly explain the essence of pre-emptive rights in company law better than this. Before a company invites outsiders to partake in its ownership, it must first look to its own; that is the existing shareholders who stood by it from the

Modes of Passing Resolutions For private companies, the law permits two distinct modes through which members can pass resolutions: By means of a written resolution, or At a general meeting convened for that purpose. This flexibility, however, is not extended to public companies. In the case of public companies, resolutions may only be passed during

In company law, the concept of the corporate veil means that a company exists as a separate legal person, distinct from its shareholders and directors; a principle established in the famous English case of Salomon v Salomon. This veil grants companies limited liability . However, the veil can be used to hide the true individuals