Yes, they can be.  The majority shareholders own more than fifty percent of the outstanding shares of the company. Majority shareholders are usually owner of the company. Shareholders can be individuals, organizations or groups who own one or more shares of a company.

Majority shareholders play a…

Introduction

The companies prefer the shareholder agreement because it stops the operation of the constitution of the company. It does not disclose about the internal affairs of the company to the public. It does not need to be register. It promotes the relationship among the shareholders. It provides the chance to the shareholder to settle mechanism for the running of the affairs of the company out of the constitution of the company.

What is the validity of…

Introduction

A will is a legal document that provides you the opportunity to decide about the fate of your assets and property. If you die without a will, then your assets and property will be divided in accordance with rule of intestacy. Anyone above the age of 18 can make a valid will. It must be made when you have a mental capacity. It must be in written form.

How the property will be divided in absence of will?

 Your assets will be divided in…

What would be basic terms and conditions for a website?

Introduction

E-commerce requires that every website must have terms of use. It avoids the confusion and misunderstanding between the customer and vendor. The terms and conditions vary from business to business. But there are basic terms which must be included in the terms of use. Such as:

• Offer and acceptance
• payment…

Background:

Section 8 and 9 of The Oaths and Declarations Act 1957 (the Act) governs the Statutory Declaration New Zealand. It is used to collect evidence. It is a written statement that tells the story about the authenticity of the facts. It is used to verify your statement. It is not an Oath. It does not need to be sworn. It must not provide the any false statement. It is an offence to provide the…