Question: need details answer based bangladesh act Your work + Two software firma, Titanic' and 'Satanic', having fifteen members each, amalgamate their business by a written

need details answer based bangladesh act Your

need details answer based bangladesh act

Your work + Two software firma, Titanic' and 'Satanic', having fifteen members each, amalgamate their business by a written contract between the firms. The newly created firm, titled polyphonic, then starts doing its business of importing television from China and Korea. Accordingly, Polyphonic" enters into a contract with Samsung' to supply 2000 televisions of its latest model. However, Samsung failed to deliver televisions in time. Polyphonic tried to bring legal action against Samsung to claim compensation, but Samsung claimed that the contract was not valid as per the law, since Polyphonic was a firm, not a company In the meantime, one partner of the Polyphonic, who was originally a partner of the firm "Titanic'. suddenly died due to cancer. Therefore, the ex- partners of "Satanic' claimed that the Polyphonic has automatically dissolved due to such death since the new contract does not have any clause regarding death of any partner. But Polyphonic ultimately ignored such claim and entered into a contract with a new partner with a new profit- sharing ratio. However, Polyphonic soon received a notice from the Government Authority to stop the business since it has already become an illegal association. Accordingly, they formed a public limited company under the same name on 1st January, 2019. On the basis of the prospectus issued by the Company, many people showed interest in buying shares and the number increased very quickly. On 21st January, 2019, the company held a general meeting of its members to fulfil the statutory requirements. On 25 September 2020, an AGM was held where no dividend was issued. Five members having one- third of the issued share capital requested the Board of Directors to hold an EGM on that issue, but no EGM was convened. Subsequently, one member filed a suit for the winding up of the Company due to non-compliance with the rule regarding AGM under the Companies Act 1994. Identify the status of the new firm Polyphonic and also its rights and liabilities in accordance with the Partnership Act 1932 and also, identify the violations of different provisions of the Companies Act 1994 by the new company Polyphonic

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