CASE STUDY: You are employed as company secretary by Bloxo Ltd. a company based in Leeds which manufactures shoes and clothing. The company’s share capital is £1000.00 divided in £10.00 shares, 90 of which are owned by the founder of the company, Barry, and 10 of which by Tariq. Both are directors of the company. Barry has asked you to advise him on the points set out below. A detailed explanation and application of the relevant legal principles and cases should be provided where appropriate. (1) The company has a certificate of incorporation dated 1 January 2004. The Registrar of Companies did not, it seems, sign the certificate on that date, but on 28 December 2003. )n 29 December 2003 Barry bought some goods in the name of the company. the bill has still not been paid. Consider the question of liability. (2) The company has a subsidiary Brian & Co. Ltd. this subsidiary has the same share holders as Bloxo Ltd. Barry is also the sole director of Brian & Co. Ltd. Brian & Co. Ltd. does not carry on any business, but owns the premises from which Bloxo Ltd. operates. The premises were recently compulsory purchased by the local council and Bloxo Ltd. is having to find new premises. Consider the question of whether Bloxo Ltd. may claim compensation for loss of business from the council. (The council are refusing to make a payment as Bloxo Ltd. does not own the premises – a condition for receipt of compensation is that you must own or lease the premises from which you operate). (3) Advise Barry on any legal principles or rules which he must bear in mind if he were to convert Bloxo Ltd into a public company. (4) Bloxo Ltd. owned £500.00 by a partnership called Todds Ltd. the money is owed in respect of goods supplied to that firm. the firm has 2 partners, Alan and Saima. Advise Barry on the legal status of a partnership in comparison with a Company, and who may be sued for the debt.