Week 1 - Nature & Regulation of Companies & Company Operations Legal nature of company Separate legal identity‚ distinct from owners Companies act through ‘agents’. eg. shareholders elect board of directors to act on their behalf Public Company (Ltd.) Limited liability of owners • Raises funds from public Types of companies Private Company (Pty. Ltd.) • • • • • • • • • Regulation of companies Corporations Law: Companies must keep proper accounting records; prepare yearly & half-yearly FS;
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In today’s society‚ men and women everywhere most likely own at least one piece of technology; whether it is a cellular phone or a computer‚ technology helps people accomplish what they need to. Doctors’ require a large amount of technology everyday in order to run tests. In order for people to communicate‚ there are e-mail and cell phones. Movies and television are forms of entertainment‚ which also need some sort of technology. Some people think technology is speeding our lives and making it more
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The Influence of Auditor Independence Regulation on Earnings Quality: An Empirical Analysis of Firms Cross-Listed in the US# Roger Meuwissen Universiteit Maastricht Frank Moers Universiteit Maastricht Erik Peek Universiteit Maastricht Ann Vanstraelen Universiteit Antwerpen and Universiteit Maastricht September 2003 # Corresponding author is Ann Vanstraelen. E-mail address: a.vanstraelen@aim.unimaas.nl. Adress for correspondence: Department of Accounting and Information Management‚ Faculty of
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The scratchy collar symbolizes the entrapment of Waverly by her mother. Waverly’s hobby of chess is important to her and her mother “[has] a habit of standing over [her] while [she] [plots] out [her] games.” (p.98) This habit of Waverly’s mother is a symbol of how she controls Waverly. As her mother stands over Waverly‚ it displays her as a dominant figure and shows that Waverly should be submissive and obedient towards her. Waverly’s mother expects her to listen to everything she says and not have
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Safety Rules Safety is defined as the state of being safe‚ while rule is a statement of what to do or not to do in a certain situation. Safety rules contain set of policies interpreting a law or policy to maintain safety. It is applicable in any area and must be done at all time. Unexpected situation like accident may occur in a workplace. That’s why safety rules come with its purpose‚ and it is to prevent the occurrence of any work related injury. Safety rules includes checklist of safety standards
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2012 Is fast food the new tobacco? Should government further regulate fast food advertisements as done with tobacco advertisements? On June 22 of 2010‚ over ten years of intensive planning from the FDA would finally result in the extensive regulation of the $89 billion tobacco industry. Although the newly created laws could not illegalize nicotine or tobacco‚ the FDA was given vast authority to regulate the ingredients in tobacco products as well as the way they were sold‚ distributed‚ and marketed
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FIIs – Regulations and Impact on Indian Markets Who is a Foreign Institutional Investor? A foreign Institutional Investor (FII) is an institution established or incorporated outside India which proposes to make investment in securities of companies incorporated in India (“Indian Companies”) [1]. FIIs seeking to invest in Indian Companies are required to be registered with the Securities and Exchange Board of India (SEBI). They need to comply with the provisions of the Guidelines for Foreign
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Financial services have complex and evolving regulations. They trigger major programs of regulatory at national‚ regional and global level. These laws and regulations are essentially publicized by government regulators and international groups for a number of reason. Fundamentally‚ the rules are in place in order to protect customers. After the financial crisis in 2008/2009‚ action has been taken in making sure that the financial sector manages and contains these risks more effectively. If anyone
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How to Build and Improve Your Client Relationship One thing is true for all consultants; if we have any work‚ we have clients! One of the most important parts of our work is maintaining and enhancing our relationships with our clients. Maintaining and growing these relationships makes the time spent on a project more enjoyable‚ satisfying and effective. Improved relationships also improves the chance that we will get referrals and future business. The following are ten things you can do to improve
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BANKING REGULATIONS ACT 1949 The Banking Regulation Act was passed as the Banking Companies Act 1949 and came into force wef 16.3.49. Subsequently it was changed to Banking Regulations Act 1949 wef 01.03.66. Summary of some important sections is provided hereunder. The section no. is given at the end of each item. For details‚ kindly refer the bare Act. * Banking means accepting for the purpose of lending or investment of deposits of money from public repayable on demand or otherwise and withdrawable
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