of any shares in. or debentures of‚ a body corporate. A private company under Section 3 (I) (iii) is prohibited from inviting the public to subscribe for its shares or debentures; and also prohibited to invite or accept deposits from persons other than its members‚ directors or their relatives. Accordingly‚ a private company has no power to issue prospectus. Only a public company has power and privilege to issue prospectus to public for subscription of shares in or debentures of the company or for
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Guidelines for Issue of Bonus Shares: A Company may issue bonus shares without obtaining prior approval but only after a period of 12 months after a public/rights issue and after safeguarding the rights of fully convertible and partly convertible debentures falling due for conversion within 12 months from the date of bonus issue. A bonus issue should take into consideration the future earning potential of the company‚ to conserve liquid reserves and to utilise reserves for issuing shares to make paid-up
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FIN 534 Week 3 HW Chapter 5 1. Three $1‚000 face value bonds that mature in 10 years have the same level of risk‚ hence their YTMs are equal. Bond A has an 8% annual coupon‚ Bond B has a 10% annual coupon‚ and Bond C has a 12% annual coupon. Bond B sells at par. Assuming interest rates remain constant for the next 10 years‚ which of the following statements is CORRECT? Answer: D. Bond A sells at a discount (its price is less than par)‚ and its price is expected to increase over the next year
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mortgage‚ bonds give the bondholder the right to take specified assets of the issuer if the company defaults that is‚ fails to pay interest or principal. Unsecured bonds‚ called debentures‚ are backed only by the good faith of the borrower. Debentures carry a higher rate of interest than secured bonds because debentures are riskier investments. • Bond Prices. Investors may buy and sell bonds through bond markets. Bond prices are quoted at a percentage of their maturity value. • Bond Premium and
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CONTINUED OPERATION Private Placements ICB is authorized to act as an agent of the issuers and investors for private placements of securities. Under this arrangement‚ ICB places securities to individuals/institutions on behalf of the issuer for which it charges fees. ICB also acquires shares/securities for its own portfolio both in pre-IPO placement and equity investment. Custodian and Banker to the Issues To act as the custodian to the public issue of Open-end & Closed-end Mutual Funds. ICB
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categories: * Ordinary shares * Preference shares Non-Ownership Capital Whilst the following sources of finance are important‚ they are not classed as Ownership Capital - Debenture holders are not shareholders‚ nor are banks who lend money or creditors. Only shareholders are owners of the company. * Debentures * Other loans * Overdraft facilities * Hire purchase * Lines of credit from creditors * Financial structures of four well known British companies *
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Hong Kong Institute of Vocational Education Corporate Law and Practice (ACC4106) 2014-2015 Continuous Assessment Assignment Task: Company Law in Practice Understanding a listed company in Hong Kong Class: BA124001/2B Name: Chan Choi Nog (130257408) Chan Yin Ting () Chu Tsz Ting (130153619) Lai Ka Fai () Siu Lok Man (130240174) Q2 (a) Firstly‚ GLL can issue share to raise fund. The company can have private placing to issue share. It can negotiate with individuals who have prior approval
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A. HORIZONTAL FORM BALANCE SHEET OF............................................................................................................................................. (Name of the company) ................................... AS AT........................................................ (Date as at which it is made out) Figures for the P.Y. (Rs.) | LIABILITIES | Figures for the C.Y. (Rs.) | Figures for the P.Y. (Rs.) | ASSETS | Figures for the C.Y. (Rs.) | | SHARE
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CLASS-XII EXAMINATION 2012 SAMPLE QUESTION PAPERS in ECONOMICS‚ BUSINESS STUDIES ACCOUNTANCY‚ MATHEMATICS Central Board of Secondary Education Preet Vihar‚ Delhi ECONOMICS 1 DESIGN OF QUESTION PAPER ECONOMICS Class – XII Marks – 100 1. Weightage by type of questions Type Number of questions Long answer questions Short answer questions I Short answer questions II 6 6 10 6 4 3 1 36 24 30 10 Mark Total Estimated time a candidate is expected to take to answer 60 minutes 36 minutes
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Introduction to Financial Management FIN 254 (Assignment) Spring 2014 (Due on 24th April 10-11.00 AM) AT NAC 955 1. You have recently started working with a new company and have been having discussions with your employer’s superannuation consultants about providing for your retirement. You plan to retire 35 years from today‚ which is 1st October 2008. After discussions with the consultants you agree that you should plan for an income of $80‚000 per year for a period of 20 years. You plan
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