Ranbaxy’s criminal guilty plea and $500 million in fines and penalties has brought back the spotlight on corporate governance. The criminal case focused on sales in the US market. However‚ if media reports are to be believed‚ Ranbaxy committed systemic fraud in its worldwide regulatory filings. The US case dates back to the year 2004. This is the initial year when the Corporate Governance Code‚ which was issued by Sebi in the year 2000‚ was made mandatory. Therefore‚ it is quite likely that many
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LIFE INSURANCE CORPORATION OF INDIA : COPING WITH UNCERTAINTY INTRODUCTION TO CASE The year 1996 was a significant one for the pension fund business in India. Till then‚ by virtue of Section 30 of LIC Act‚ 1956‚ only the Life Insurance Corporation (LIC) was authorized to transact life insurance business and the pension business was treated as a part of life insurance business according to the provision of the Insurance Act‚ 1938. In 1996 Government of India made a momentous decision to allow the
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What is a Mortgage? A mortgage is a financial agreement between a lender and a buyer‚ in which the property is used as collateral for the loan. A mortgage gives the lender the right to collect payments on the loan and to foreclose on the property if those payments are not made. What is a Mortgage Loan? A loan which utilizes property as a security or collateral to provide for repayment should the borrower default on the terms of the loan. The mortgage or Deed of Trust is the financial agreement
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Mortgage Fraud Table of Contents Abstract 3 Mortgage Fraud 4 Mortgage Fraud Statistics 4 Reports of Fraud 5 Key players in a real estate & mortgage transaction 5-6 Factors for Mortgage Fraud 7 The Fraud Triangle 7 Common Mortgage Fraud Schemes 8 Who are victims of mortgage fraud? 9 How to avoid becoming a victim of Mortgage Fraud 10 How to report fraud 11 Mortgage Fraud Indictment 11-12
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We are pleased to provide your Homeowner insurance renewal policy effective 1/31/17. Please review the policy and advise us if any corrections or changes are required. The deductible for this policy is $10‚000‚ with a separate deductible of 3% of the insured value for Named Storms. Your home is currently insured for $800‚000. The inspection‚ completed in January‚ estimates the replacement cost to be $1‚130‚334. The annual premium to increase the dwelling to $1‚130‚334 and the contents to $150
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Marriott Corporation: The Cost of Capital (Abridged) Executive Summary: The case "Marriott Corporation: The Cost of Capital (Abridged)" focuses on an ideal opportunity to review the capital asset pricing model and the weighted average cost of capital through calculation of the cost of capital for Marriott as a whole. Dan Cohrs is faced with making recommendations for the hurdle rates at Marriott Corporation and its three divisions utilizing CAPM and WACC. This case illustrates
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the VPI Pet Insurance‚ this insurance package is one of the options available in the market‚ with below average ratings. On Yelp‚ this insurance comes with 2 stars out of 5‚ and Consumer Affairs list this with 1 star out of 5 stars. According to collected reports‚ the usual complaints lodged against the insurance provider were low reimbursements‚ denied claims and unfair increases in insurance premiums. Common Complaints Against Nationwide Pet Insurance Also known as VPI Pet Insurance‚ this pet
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family was taken care of by Kemet Life Insurance. They did not have to worry about the fact that Ammon was the only person in their family with a job. Kemet Life Insurance gave them the money that they used to buy food‚ clothes‚ and shelter for the children. Have you ever thought about what would happen if something happened to you? Maybe you should start thinking about it. Hopefully nothing will happen to you anytime soon‚ but if it does‚ you do not want your family to be stuck without the money to
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6 Tips to Bundle Your Two Wheeler Insurance Premium Choosing the ideal bike insurance plan is an overwhelming task when the market is flooded with so many options. However‚ your vehicle deserves nothing but the best. A lot of must buy features‚ affordable premiums‚ and a trustworthy brand is essential before you decide on that two wheeler insurance. Bharti Axa two wheeler insurance plans offer a comprehensive policy with all those perks. Why Bharti Axa Two Wheeler Insurance? As one of the leading
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CHATTEL MORTGAGE A chattel mortgage is an accessory contract by virtue of which personally property is recorded in the Chattel Mortgage Register as security for the performance of an obligation. (Art. 2140‚ NCC) A chattel mortgage is not a conditional sale (Serra vs. Rodriguez‚ 56 SCRA 538.) It’s a security; an accessory contract where personal property is mortgaged as security for the performance of an obligation (Art. 2140‚ Civil Code.) A chattel mortgage is a conditional sale of personal
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