GMGT 3030 Lecture Notes - Companies Act 2006, Local Government Act 1972, Lex Mercatoria

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The word corporation is generally synonymous with large publicly owned companies in united. In united kingdom, company is more frequently used as the legal term for any business incorporated under the companies act 2006. Large scale companies (corporations in business terminology in the us sense) will be plc"s in the united kingdom and will usually have shares listed on a stock market. In british legal usage any registered company, created under the. Companies act 2006 and previous equivalent legislation, is, strictly, a particular subcategory of the wider category, corporation. Such a company is created by the administrative process of registration under the companies act as a general piece of legislation. British sense, can be a corporation sole which consists of a single office occupied by one person e. g. the monarch or certain bishops in england and wales. Here, the office is recognized as separate from the individual who holds it.

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