Supreme Court exempts Co-Operative Banks from claiming under Recovery of Debts Due to Banks and Financial Institutions Act The case of Greater Bombay Co-Op Bank Ltd. v. United Yarn Tex. Pvt. Ltd. and Ors.‚ decided by a three judge bench of the Supreme Court finally settles the long-ranging debate about the interplay between Debt Recovery Tribunals and Co-operative Banks that had brought about a series of conflicting High Court decisions. The question in this case was whether the mechanism for
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land” (Hansen and Curtis 471). The Dutch and the Portuguese stepped in‚ and intruded on the Indian Ocean. The goal of the Portuguese was to build new networks of trade and create a big empire‚ however they were not able to accomplish this. The Dutch‚ who became involved in the Indian Ocean trade after the Portuguese‚ brought with them innovations and business organization‚ because of which they had a greater economic impact. Even though the involvement of the Dutch and the Portuguese brought a few
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Bank Reconciliation Statements (With answers) A. Purpose of a bank reconciliation It should be prepared regularly as part of the internal control system of the business to check: a) the accuracy of the cash book b) the accuracy of the bank statement c) that undue delay is not occurring between payments‚ receipts and their clearance by the bank d) to discover payments made and items received by the bank not entered in the cash book B. Reasons for differences in bank statement and cash
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Merchant banks play an important role in mobilizing small savings and channeling them to productive investment. Since our capital market is not as efficient as others‚ yet it tries at best to create a strong‚ fair‚ efficient and effective market. Apart from they facilitate merchant bank so that they can help as possible as to organize such a valuable capital market mechanism. 1.2 Rationale of the study The rationality of our study on capital market as well as its right hand merchant bank is to
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Commercial Bank of Ceylon PLC Introduction Commercial Bank of Ceylon is identified as the benchmark private sector bank in Sri Lanka. The Bank had the largest market capitalization among all listed banking institutions in Sri Lanka and was ranked at No. 05 among all listed entities as at end 2012. Commercial Bank is only the Sri Lankan bank represented in the top 1000 Banks in the world for two consecutive years of 2011 and 2012. The bank has a subsidiary in Bangladesh. The Bank’s Head Office
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Dutch Republic DBQ In the 17th century‚ the Dutch Republic experienced a Golden Age and was able to maintain security‚ unity‚ and prosperity in its society and economy. The nation was considered a leading power‚ especially in trade and ideas‚ within Europe. However‚ it was not long before circumstances changed and the state face many problems establishing peace and agreement. By the end of the 17th and the beginning of the 18th centuries‚ there had been a significant change in the Dutch Republic’s
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Vermeer’s The Geographer is successful in conveying the scientific attitude of the Dutch Golden Age. The painting portrays a middle-aged man‚ presumably a geographer‚ illuminated in light. His holding a compass in his left hand‚ as well as a block‚ holding down a piece of paper that is also bathed in light. Various geographic tools are present around the room to present the man’s craft. A patterned rug in the foreground‚ hanging over the table‚ has many organic lines to show the objects beneath it
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Case #02: Kota Fibres LTD. (Questions for Case Preparation) The following questions will help you in the preparation and analysis of this case. Use these questions as a guide in your study of the case. However‚ do not limit yourselves to these questions only‚ but rather allow yourselves to expand your thinking and analysis of this case. 1. How did Mehta construct his financial forecast? Using the financial forecast‚ prepare to show the “cash cycle” of the firm (i.e.‚ the flow of funds through
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BACKGROUND Polysar Limited is Canada’s largest chemical company. It is structured into 3 groups‚ namely‚ basic petrochemicals‚ rubber‚ and diversified products. Rubber Group is the largest of the three operating units of Polysar Limited. The primary users of its products‚ such as butyl and halobutyl‚ are manufacturers of automobile tires; other users are from various industries. In 1986‚ Rubber group contributed 0.8 billion which is 46 percent of the company annual sale. The operation of the group
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Job satisfaction and Attitude: Employee satisfaction is supremely important in an organization because it is what productivity depends on. Satisfied employees are more likely to be creative and innovative and come up with breakthroughs that allow a company to grow and change positively with time and changing market conditions. The objectives of the paper are: - i) to measure the level of employee satisfaction at Tata Steel‚ ii) to see the effect of the measures being taken to enhance employee
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