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  The concept of a de facto director represents a nuanced and fascinating legal principle that challenges traditional notions of corporate leadership. Corporate lawyers in Sri Lanka have long grappled with the complex dynamics of directorship, particularly when examining the relationship between a holding company and its subsidiaries. This article delves deep into the critical question: Can a director of a holding company be considered a de facto director of the subsidiary company?   The Fundamental Landscape of Corporate Directorship The legal framework surrounding corporate directorship is far from straightforward. While formal appointments through official channels are clear-cut, the realm of de facto directorship introduces a layer of complexity that demands careful legal scrutiny. A de facto director is an individual who, despite not being formally appointed, effectively acts in the capacity of a director, wielding significant influence and control over a company's...

  Cash flow remains the lifeblood of any successful business. Whether you are a budding startup or an established enterprise, understanding and managing your financial resources can mean the difference between thriving and merely surviving. Digital banking has revolutionised how businesses approach financial management, offering innovative solutions that were unimaginable just a decade ago.   Cash flow challenges are universal, transcending industries and geographical boundaries. Business owners often find themselves caught in a precarious balancing act, juggling operational expenses, investment opportunities, and the constant need to maintain financial stability. The complexity of this challenge is particularly pronounced in emerging markets like Sri Lanka, where small and medium enterprises (SMEs) form the backbone of the economic landscape.   Understanding Cash Flow: More Than Just Numbers Cash flow is not merely an accounting term; it is the economic heartb...

  Finding the right commercial storage facility for your recreational vehicles can be a game-changer for boat and caravan owners. While keeping these vehicles at home might seem convenient, there are compelling reasons to consider professional storage solutions.   Enhanced Security Professional vehicle storage facilities offer round-the-clock surveillance, secure access controls, and often on-site security personnel. These measures significantly reduce the risk of theft, vandalism, or damage to your valuable investments. Many facilities also provide individual alarms and tracking systems, giving you peace of mind when you're away from your vehicle.   Protection from the Elements Weather can take a severe toll on boats and caravans. Exposure to sun, rain, and harsh weather conditions can lead to fading, rust, and deterioration. Quality self storage in Campbelltown offers covered or indoor storage options that shield your vehicle from UV rays, storm damage, a...

  From bustling metropolitan centres to rural opportunities like farm jobs NZ , mastering the art of salary negotiation is crucial for professional success. Whether you are exploring jobs in New Zealand or seeking NZ part time jobs , understanding how to effectively communicate your salary expectations can significantly impact your career trajectory and financial well-being.   Salary discussions can be uncomfortable, nerve-wracking, and potentially intimidating for many job seekers. However, these conversations are fundamental to establishing a fair and mutually beneficial employment relationship. Many professionals struggle with how to approach salary negotiations, often feeling uncertain about when to bring up the topic, how much to ask for, and how to communicate their worth without seeming presumptuous or desperate.   Step 1: Research and Preparation - Building Your Financial Foundation The cornerstone of any successful salary negotiation is thorough resear...