The Employee’s provident fund and miscellaneous provisions Act‚ 1952 Introduction The Employees Provident Fund is set up under the Central Act viz. Employees Provident Fund and Miscellaneous Provisions Act‚ in the year 1952. It is applicable throughout the country (except Jammu and Kashmir) * It is applicable to almost all establishments falling under the industries/class of establishments‚ wherein 20 persons are employed. * In the case of cinema theatres workers‚ it is applicable to
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Q1‚ While pension funds hold bonds as their asset‚ they also have obligations as liability. Lower interest rate‚ namely a lower discount rate‚ on one hand‚ increases bonds’ return‚ on the other hand‚ it also increase pension funds’ liabilities‚ which is the discounted value of future obligations. Moreover‚ bonds in asset side are usually in shorter term than long-term liabilities‚ and therefore are less sensitive to interest rate change. As a result‚ the increase in liability exceeds the value increase
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SOURCES OF SHORT TERM FUNDS Referring to any investment‚ financial plan‚ or anything else lasting for one year or less. Short term investments and financial plans usually involve less uncertainty than long-term investments and financial plans because‚ generally speaking‚ market trends are more easily predictable for one year than for any longer period. Likewise‚ short-term financial plans are more easily amendable as a result of the short time frame. Short-term financial plans usually involve investing
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Successful agriculture is dependent on getting products from one the farm to the table. Before the invention of the highway‚ farmers were limited on who they could sell their products to‚ and consumers were restricted on what they could consume. It was evident that agriculture needed a better mode of transportation. Before the creation of the highway‚ cattle were driven from ranches all over the south to major cities‚ and then shipped nation wide by rail. The cattle were driven hundreds of miles
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development of stock markets through a corporate governance channel‚ i.e. pension funds become large shareholders of publicly traded firms and therefore have the incentives to monitor managers and improve investor protections. This paper reviews the literature on the corporate governance channel associated with pension reforms in developing countries‚ and asks what we know and need to know about it. We know that pension funds are not yet large shareholders of publicly traded firms in developing countries
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QUESTION 1: Image you were a director of MTSB in 2006‚ what would be the steps you would taken to fulfill your fiduciary duties as a director. The steps MTSB have taken to fulfill the fiduciary duties as a director according section 6 of Companies Act‚ fiduciary duties of a director. Step 1 : Understanding about duties of director To carry out your duties as a director well‚ it is necessary for you to be fully aware of the duties and responsibilities expected of directors. Directors are fiduciaries
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Definition of Trust Stephen P. Czerniak University of Phoenix‚ Troy Learning Center HRM 565 Human Resources Management Instructor: Charles A. Zajac Group ID: TRGRAD26 Assignment Due: Workshop 2 September 12‚ 2006 Revised September 21‚ 2006 Definition of Trust Much has been written about the subject of trust. For the purposes of this paper‚ we will consider trust in the context of forming the foundation of the relationship between a supervisor or leader and their employee. Since
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Mr. Idris decided to have a detailed investigation on MTT by outsourcing to external auditor‚ Mr. Agoos Bagoos. During investigation‚ Agoos found out that MTSB only had a few staff and the company operations were severely curtailed due to lack of funds. Besides‚ there were no relevant documents related to investment in MTT and MTSB did not have any effort
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Teaching Guide Building Trust (DVD Title: Building Trust in a Large Organization) LEADERSHIP CHALLENGE: TEACHING OBJECTIVES: Manager must win the trust • Importance of building trust of over 500 employees in his with people when leading a large team Understandcall center team to motivate ing how to earn the trust them to maximize customer of subordinates who are different than you satisfaction. LEADERSHIP DECISION AND RESULT: Manager finds a common ground with people‚ learns their names‚ changes
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distrust. In this novel‚ trust is broken in several situations. First‚ trust is broken when Christopher’s father hides his mom’s notes and admits he killed Wellington the dog. Trust is broken by Christopher when he runs off to London to live with his mom. Both Christopher and his father value their relationship with each other and when each of their trust is broken by the other‚ they work hard to rebuild their father-son relationship. Christopher and his father both trust each other initially because
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