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The law provides for two categories of companies –partnerships and corporations. Company law states six types of companies as follows – 1. general partnership; 2. limited partnership; 3. particular partnership; 4. joint-stock company; 5. partnership limited by shares; and 6. limited Liability Company. (...) Consolidation- a company is united with other companies in order to create a new company. Merger- a company may merge into another company. The result of change, consolidation, or merger is that the company be the successor of the previous companies.
Language:English
Score: 564376.46 - https://www.wto.org/english/th..._e/yem_e/WTACCYEM4A1_LEG_9.pdf
Data Source: un
Insurance business is performed by insurance companies which include the following: joint stock insurance companies, mutual insurance companies, private insurance companies and public insurance companies. (...) Insured persons, managing the company themselves, shall decide on the utilization of the company's funds. (...) Public liability company regulations are adequately applied to the company management. 3.
Language:English
Score: 563912.4 - https://www.wto.org/english/th...c_e/hrv_e/WTACCHRV29_LEG_2.pdf
Data Source: un
REGISTERED BUSINESS COMPANIES Chapter 70: INCORPORATION OF REGISTERED BUSINESS COMPANIES PART I. (...) Meaning of “Registered Business Company”. §70.28. Circumstances in which a registered business company ceases to be a private company. §70.29. (...) Balance sheet to include particulars as to subsidiary companies. §70.130. Meaning of subsidiary company. §70.131.
Language:English
Score: 563633.84 - https://www.wto.org/english/th..._e/lbr_e/WTACCLBR15_LEG_19.pdf
Data Source: un
By agreement of the insurance companies an insurance company is appointed which is authorised to act on behalf of the other insurance companies. (...) The Founding of Insurance Companies 1. Insurance companies shall be founded in accordance with the Company Law, unless this Law provides otherwise. 2. (...) Liquidation of Insurance Companies 1. Insurance companies shall be liquidated in accordance with the procedure set out in this Law and in the Company Law. 2.
Language:English
Score: 563111.3 - https://www.wto.org/english/th...c_e/ltu_e/WTACCLTU47_LEG_1.pdf
Data Source: un
Business registration file for limited liabilities companies and share- holdings companies. A business registration file for a limited liabilities company should include: 1. (...) CHAPTER III 19 LIMITED LIABILITY COMPANY PART I LIMITED LIABILITY COMPANY WITH 2 OR MORE MEMBERS Article 26. Limited liability companies 1. A limited liability company is an enterprise in which: a.
Language:English
Score: 562878.03 - https://www.wto.org/english/th...e/vnm_e/WTACCVNM38A1_LEG_1.pdf
Data Source: un
Insurance and reinsurance companies and agents are subject to this law, the law on commercial companies and other related laws and regulations which are in force. (...) Article 34 prescribes the cases when insurance company license can be terminated:- - In case of violating the provisions of the Law, executive regulation and instructions; - If the company decided to liquidate its business, or a court decision was passed announcing liquidation or Bankruptcy of the company; 3 - If the company assigned all its insurance documents to another company; - If the company merged with another company; - If the company business activities stopped for any reason stated by law. (...) Insurance unions must be registered in the Insurance Companies Register. The law provides for merger of insurance companies.
Language:English
Score: 562374.17 - https://www.wto.org/english/th...e/yem_e/WTACCYEM4A1_LEG_17.pdf
Data Source: un
Employer’s profile Kindly fill up the spaces provided with information about your company. 1. Name of Company: ______________________________________________ 2. (...) Question Yes No N/A Current company practices 1 The Company gives copies of employment contracts to all workers, regardless of status, and orients them to ensure that the contract is clearly understood. 2 The Company observes the normal eight hours of work. 3 The Company provides premium pay for work done beyond the normal eight hours in compliance with national laws. 4 Overtime work is voluntary without any threat of wage deduction, disciplinary action or other sanctions. 5 The Company has measures in place to validate that its business partners/suppliers do not use forced labour. 6 The Company hires workers no less than 18 years of age for work considered as hazardous. 7 The Company requires candidates to submit birth certificates or other official form of registration to verify age before hiring. 8 In case of workers hired between ages 15 to 18, the Company ensures that work does not interfere with their studies. 9 The Company has measures in place to validate that its business partners/suppliers do not use child labour. 2 2 2. (...) Question Yes No N/A Current company practices 1 The Company gives copies of employment contracts to all workers, regardless of status, and orients them to ensure that the contract is clearly understood. 2 The Company observes the normal eight hours of work. 3 The Company provides premium pay for work done beyond the normal eight hours in compliance with national laws. 4 Overtime work is voluntary without any threat of wage deduction, disciplinary action or other sanctions. 5 The Company has measures in place to validate that its business partners/suppliers do not use forced labour. 6 The Company hires workers no less than 18 years of age for work considered as hazardous. 7 The Company requires candidates to submit birth certificates or other official form of registration to verify age before hiring. 8 In case of workers hired between ages 15 to 18, the Company ensures that work does not interfere with their studies. 9 The Company has measures in place to validate that its business partners/suppliers do not use child labour. 3 Question Yes No N/A Current company practices 10 The Company ensures that hiring, wages, training, promotion and disciplinary action are based on objective factors and not on differences based on gender, age, religion, marital status, sexual orientation, health status or physical disabilities. 11 The Company ensures that all pay rates for different positions are based on objective factors and implemented in a non-discriminatory way. 12 The Company has procedures in place that are accessible and understood by all workers where they can safely report and resolve complaints of discrimination. 13 The Company allows workers to join groups within their organization of their own choice. 14 The Company maintains open dialogue/communication with workers and/or their representative to discuss and address their concerns at the workplace. 15 The Company pays wages at regular times and does not take deductions from wages as disciplinary action or other deductions which are not authorized by law without the freely given consent of the worker. 16 Piece-rate payment system is monitored to ensure that wages are within those prescribed by law except for those with Certificate of Authority under Barangay Micro Business Enterprise Law. * 17 The Company provides paid leaves per year. 18 The Company provides maternity leave to its female workers as provided by law. 3 4 Question Yes No N/A Current company practices 19 The Company provides reasonable breaks while working and reasonable rest period between shifts. 20 The Company pays the statutory minimum wage rates for normal work hours rendered, except for small enterprises and those covered under Barangay Micro Business Enterprises. 21 The Company has written rules and regulations that have been explained and understood by all workers. 22 The Company has disciplinary process in place that is known and understood by all workers. 23 The Company observes due process procedure in implementing its disciplinary process. 24 The Company has mechanisms in place to receive all reports on workplace violence, harassment and threats and to competently address these concerns. 25 The Company has detailed emergency procedures, prevention plans and training to protect against dangers and handle emergencies. 26 The Company has established written Occupational Safety and Health (OSH) prevention and remediation policies and procedures that comply with industry standards. 27 The Company informs all workers on OSH standards in a language they understand. 28 The Company has a disciplinary plan which applies to all violations of the company's OSH standards. 29 The Company documents accidents and adjust their processes to prevent recurring problems. 4 4 Question Yes No N/A Current company practices 19 The Company provides reasonable breaks while working and reasonable rest period between shifts. 20 The Company pays the statutory minimum wage rates for normal work hours rendered, except for small enterprises and those covered under Barangay Micro Business Enterprises. 21 The Company has written rules and regulations that have been explained and understood by all workers. 22 The Company has disciplinary process in place that is known and understood by all workers. 23 The Company observes due process procedure in implementing its disciplinary process. 24 The Company has mechanisms in place to receive all reports on workplace violence, harassment and threats and to competently address these concerns. 25 The Company has detailed emergency procedures, prevention plans and training to protect against dangers and handle emergencies. 26 The Company has established written Occupational Safety and Health (OSH) prevention and remediation policies and procedures that comply with industry standards. 27 The Company informs all workers on OSH standards in a language they understand. 28 The Company has a disciplinary plan which applies to all violations of the company's OSH standards. 29 The Company documents accidents and adjust their processes to prevent recurring problems. 5 Question Yes No N/A Current company practices 30 The Company regularly monitors its production processes, machines and equipment to ensure that they are safe and in good working condition. 31 The Company has a Health and Safety Committee to receive and respond to OSH concerns of workers. 32 Workers and managers are trained to respond to workplace emergencies and first aid kits are readily available. 33 The Company has fully functional fire extinguishers and fire exits that are clearly marked and free from obstruction. 34 Work premises and equipment are maintained and kept clean. 35 The workplace has adequate ventilation, lighting and temperature appropriate for the industry of operation. 36 The Company provides clean and safe drinking water. 37 The Company provides sufficient and suitable washing facilities. 38 The Company has designated eating area for all workers. 39 The Company provides clean and sanitary toilet facilities appropriate for both genders. 40 The Company provides free personal protective equipment and training to safely perform their work. 41 The Company has a waste management system in place. 42 The Company has procedures in place to store and discharge dangerous chemicals. 43 The Company has a recycling programme in place. 5 6 Question Yes No N/A Current company practices 44 The Company pays its mandatory share contribution to social security fund (e.g., Social Security System [SSS], PhilHealth, Pag-Ibig). 45 The Company deducts mandatory contribution to social security fund from wages of workers. 46 The Company regularly remits contribution to social security fund. 47 The Company conducts periodic performance audits of suppliers to validate compliance to labour standards.** 48 The Company informs suppliers and business partners of the Company's commitment to comply with labour standards.** Note: Enterprises employing nine workers and below are exempted from paying Holiday Pay, Service Incentive Leave and Retirement Pay by law.
Language:English
Score: 562126.5 - https://www.ilo.org/wcmsp5/gro...ts/publication/wcms_714321.pdf
Data Source: un
Cooperative Insurance Companies 1 Cooperative Insurance Companies Control Law Royal Decree No M/32 2 Jumada II 1424 / 31 July 2003 2 Article One: Insurance in the Kingdom of Saudi Arabia shall be provided by insurance companies registered in the Kingdom operating in accordance with the practice of cooperative insurance in line with the provisions of the Articles of Incorporation of the National Company for Cooperative Insurance issued by Royal Decree No (M/5) dated 17/4/1405 H, and not inconsistent with the provisions of Shari’ah. (...) Insurance companies may not directly own companies or brokerage establishments, and re- insurance companies may not own re-insurance brokerage companies or establishments. However, insurance companies – upon the approval of the Saudi Arabian Monetary Agency– may own companies or establishments that act as brokers in re-insurance activities. (3) The paid-up capital of the insurance company shall not be less than one hundred million Saudi riyals and the paid-up capital of the re-insurance company or the insurance company carrying out re-insurance activities simultaneously shall not be less than two hundred million Saudi riyals.
Language:English
Score: 561685.64 - https://www.wto.org/english/th...e/sau_e/WTACCSAU59A3_LEG_3.pdf
Data Source: un
Cooperative Insurance Companies 1 Cooperative Insurance Companies Control Law Royal Decree No M/32 2 Jumada II 1424 / 31 July 2003 2 Article One: Insurance in the Kingdom of Saudi Arabia shall be provided by insurance companies registered in the Kingdom operating in accordance with the practice of cooperative insurance in line with the provisions of the Articles of Incorporation of the National Company for Cooperative Insurance issued by Royal Decree No (M/5) dated 17/4/1405 H, and not inconsistent with the provisions of Shari’ah. (...) Insurance companies may not directly own companies or brokerage establishments, and re- insurance companies may not own re-insurance brokerage companies or establishments. However, insurance companies – upon the approval of the Saudi Arabian Monetary Agency– may own companies or establishments that act as brokers in re-insurance activities. (3) The paid-up capital of the insurance company shall not be less than one hundred million Saudi riyals and the paid-up capital of the re-insurance company or the insurance company carrying out re-insurance activities simultaneously shall not be less than two hundred million Saudi riyals.
Language:English
Score: 561685.64 - https://www.wto.org/english/th...c_e/sau_e/WTACCSAU59_LEG_2.pdf
Data Source: un
Individual enterprise; 2. Partnership; 3. Company. Article 11. Kinds of partnership and company There are four kinds of partnership and company as shown below: 1. Two kinds of partnership: - Ordinary partnership; - Limited partnership; 2. Two kinds of company: - Limited company, including sole limited company; - Public company. 6 SECTION 2 ENTERPRISE REGISTRATION Article 12. (...) Shareholders of a company A contributor of a company’s capital is called a “shareholder”.
Language:English
Score: 561146.2 - https://www.wto.org/english/th...e/lao_e/WTACCLAO16A1_LEG_1.pdf
Data Source: un