(1) This section applies if it appears to the court—
(a) on an application under this section, or
(b) in proceedings under Part 30 (protection of members against unfair prejudice),
that a company has acted in contravention of section 755 (prohibition of public offers by private companies).
(2) The court must make an order requiring the company to re-register as a public company unless it appears to the court—
(a) that the company does not meet the requirements for re-registration as a public company, and
(b) that it is impractical or undesirable to require it to take steps to do so.
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This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
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Involuntary manslaughter—introductionManslaughter can be classified as either voluntary or involuntary. Voluntary manslaughter consists of those killings which would be murder (because the accused has the relevant mental element—hence the label voluntary manslaughter) but which are reduced to
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