CHAPTER 24 Winding-Up (Sections 425 – 560) Contributories Liability as contributories of present and past members (Section 426) Question 1 By an order of the Court M/s ABC Limited was wound up with effect from 15.3.2002. Mr. Gupta‚ who ceased to be a member of the Company from 1.6.2001 received a notice from the liquidator to deposit a sum of ` 15‚000 as his contribution towards the liability on the shares previously held by him. Mr. Gupta seeks your opinion about his liability. Answer
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Company Profile As mentioned in the company website www.birlasunlife.com “Birla Sun Life Asset Management Company Ltd. (BSLAMC)‚ in Birla Sun Life Mutual Fund the investment manager has a joint venture between the Aditya Birla Group and the Sun Life Financial Inc. of Canada. The joint venture gets together the Aditya Birla Group’s knowledge in the Indian market and Sun Life’s global knowledge. The company was established in the year1994‚ India’s leading battleships of Mutual Funds business managing
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Levels of Planning Many times we think of planning as one function of management with no variety. Any time you are looking to the future you are just planning. Throughout this week ’s readings‚ the class has learned that there are actually four levels of planning. These levels include: strategic‚ tactical‚ operational‚ and contingency planning. Each level has a different purpose and impact on the planning process. In the following paragraphs‚ we are going to describe three of the four levels of
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levels of planning in order to achieve goals put in place by senior management. Wal-Mart has many different levels of management planning in place to follow through on its goals and objectives. There are many factors that influence Wal-Mart’s strategic‚ tactical‚ operational and contingency planning. Although Wal-Mart has been a very successful corporation throughout its existence‚ it has had to absorb the impact of legal issues‚ ethics‚ and corporate responsibility in its management planning.
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4. Seven-Eleven does not allow direct store delivery in Japan but has all products flow through its distribution center to reduce the number of vehicles required for daily delivery service to each store‚ even though the delivery frequency of each item was quite high. At the distribution center‚ delivery of like products from different suppliers was directed into a single temperature controlled truck. Each truck made deliveries to multiple retail stores. None of the distribution centers carried any
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Winding up of Company: Winding up of a company is the process whereby its life is ended and its property administered for the benefit of its creditors and members. An administrator called a liquidator‚ is appointed and he takes control of the company‚ collects its debts and finally distributes any surplus among the members in accordance with their rights. Kind of Companies can be wound up: Only a limited company can be wound-up. The term "winding-up" (or "wound-up") bears a similar meaning of
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Zara’s Approach to IT Management Spyridon Kapodistrias IT Management‚ Carnaby Street 20/2/2013 2186 words Zara’s Approach to IT Management 1 Executive Summary Zara is part of Inditex‚ the largest global clothing retailer in the world. Zara’s success is mainly attributed in its capability to provide at extremely low prices its garments which are line with the latest fashion trends and styles. How does Zara manage to attain this superior position in the intensive competition of the industry
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Case Studies (2) o You will need to create an account at http://cases.ivey.uwo.ca o Then search for and put the following two cases in your cart. Download the spreadsheets. o Burgundy Asset Management: The Wescast Investment Decision o Burgundy Asset Management: …. Spreadsheet o Valuing Wal-mart 2010 o Valuing Wal-mart 2010 – Spreadsheet for students o Checkout and choose US dollars for your currency. • Harvard Case Studies
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Discussion Paper 4-box active-passive management Investors often debate on whether a portfolio should have active or passive exposure to assets. Interestingly‚ the active-passive exposure is much more than just a binary choice. It actually falls into a 4-box matrix. In this discussion paper‚ we show how investors can adopt this 4-box matrix to active-passive management. Active management is a function of security selection and market timing factors. The portfolio manager of a diversified active fund
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An Approach to Project Management Projects should not be confused with everyday work. A project is not routine‚ repetitive work. Ordinary daily work typically requires doing the same or similar work repeatedly‚ while a project is done only once; a new product or service exists when the project is completed. Recognizing the difference is important because too often resources can be used up on daily operations‚ which may not contribute to longer-range organization strategies that require innovative
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