Multiva’s credit ratings on a national long-term scale of ‘MxA’ and short-term of ‘MxA-2’. The outlook is stable. At the same time‚ the credit agency affirmed their long-term rating on national scale ratings of ‘mxBBB-‘ of its issuance of subordinated debentures‚ and a rating of ‘mxA’ of stock certificates offered by the bank. The qualified ‘mxA’ debt is more susceptible to adverse effects of changes in circumstances or economic conditions that skilled at senior debt. However‚ the payment capacity of the
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that sales and production follow a consistent pattern. You are required to prepare a statement of working capital requirements‚ a forecast Profit and loss account and Balance Sheet of the company assuming that Rs. Share capital 15‚00‚000 8% Debentures 2‚00‚000 Fixed Assets 13‚00‚000 7. From the following particulars prepare cost sheet and show what the amount of the quotation would be if 20% on selling price. Rs. Stock of finished goods at the beginning 70‚000 Stock of raw materials at
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DEFINITION OF COMPANY: The Companies Act Cap 110 definition section states that “company” means a company formed and registered under the Act or an existing company. The companies Act does not sufficiently define what a company is but authors have developed a definition of a company. Professor David Bakibinga in his book company law in Uganda at page 2 defines a company as an artificial legal entity separate and distinct from its members or shareholders. This legal person is distinguishable
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assets. Thus‚ if the company failed‚ not only would Mr. Salomon have no liability for the debts of the company‚ but also whatever assets were left would be claimed by him to pay off the company ’s debt to him. This is because of the ownership of the debentures‚ when the company went into liquidation‚ the owner won was paid off because he has more priority than the other creditors. This is because compared to
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Contents 01-17 Overview 02 Corporate snapshot 03 Track record 04 An insight into our business 05 Our strategy 06 Our global presence 07 Highlights 2011-12 92-167 Financial statements and notes Standalone financial statements 92 Auditors’ report 93 Annexure to auditors’ report 96 Balance sheet 97 Statement of profit and loss 98 Cash flow statement 100 Notes forming part of the financial statements 127 Balance sheet abstract and Company’s general business profile 128 Statement of area‚ crop
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Buy Back of Shares S. No. Section 68 (1) Source of Funds for Buy Back Source of funds for Buy back subject to the provisions of sub-section (2)‚ out of— (a) its free reserves; (b) the securities premium account; or (c) the proceeds of the issue of any shares or other specified securities: Remarks:- No buy-back of shares out of the proceeds of an earlier issue of the same kind of shares. 68 (2) Conditions for Buy back No company shall purchase its own shares or other specified
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TASK 1 (A). SOLE TRADER : Is a business which is owned and manages by one individual‚ who is self-employed and in some case employ other people on either a full time or part time basis. EDEXCEL HNC/HND BUSINESS (2009). A sole trader normally use his own personal funds/capital to start the business and he decided on types of goods or services to produce‚ the location‚ what capital or funds is required etc examples of sole traders are self employed plumbers‚ news agents‚ local
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Company Law – An Introduction Unit Code: DE5H 35 Outcome 1 Melissa Mackenna-500006315 Context Within this report you will find: 1.1. Introduction 1.2. Terms of Reference 1.3. Sole Traders 1.4. Partnerships 1.5. Corporate Bodies 1.5.1. Private Limited Companies 1.5.2. Public Limited Companies 1.6. Conclusion 1.7. Recommendations 1.8. Appendix 1.1. Introduction The aim of this report is to: Describe the differences in legal personalities and responsibilities between
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FIIs are contributing to the foreign exchange inflow as the funds from multilateral finance institutions and FDI are insufficient‚ says Abhijit Roy THE RECENT spat over the tax authorities issuing notices to foreign institutional investors (FIIs) which take advantage under the Indo-Mauritius Bouble Taxation Avoidance Agreement‚ has once again drawn attention to the role that FII investment is playing in the capital markets in India. This article endeavours to place the overall picture in perspective
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Theories of Corporate Personality MANAS AGARWAL 5th Semester BA LL.B (B) School of Law Christ University Bangalore INDEX * Research Methodology * Introduction * The Common Law Perspectives * Fiction Theory * Concession Theory * The Purpose Theory * Bracket Theory * Realist Theory * Why Corporations? * Corporate Personality And Limited Liability Cases: * Macaura v. Northern Assurance Co. * Lee v. Lee’s Air Farming * Salomon v. Salomon
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