A corporation that distributes property that has appreciated in value must recognize a gain at the time of distribution. The corporation is treated as if it had sold the property. The gain equals the property ’s fair market value less its adjusted basis. Code Sec. (b). However‚ the corporation does not recognize a loss if the property had declined in value. Also‚ the corporation recognizes no gain or loss if t distributes its own stock rights to its shareholders. Code Sec. (a). The character of the
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Sections of the mental health act * Definitions * Section 1 of the mental health act 1983 was amended in 2007. This section of the act defines a mental disorder as ’any disorder or disability of mind ’ it goes on to state that a “learning disability” is define as a state of arrested or incomplete development of the mind which also includes impairment of intelligence and social functioning (MHOL‚ 2010). For the purpose of the act a person who has a learning disability is not considered
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II. Section 504 of the Rehabilitation Act of 1973 Section 504 of the Rehabilitation Act of 1973 is a legislative civil rights act that protects people with disabilities in any program or activity receiving federal financial assistance‚ including school systems (Jacob et al.‚ 2011). Section 504 forbids schools from three types of discriminations that are prohibited by law. First‚ public schools are not allowed to exclude students with disabilities from participating in school programs and activities
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The Companies Act‚ 2013 (“the Act”) received the assent of the President on 29th. August‚ 2013. 2. Section 1 (3) of the Act provides as under: “This section shall come into force at once and the remaining provisions of this Act shall come into force on such date as the Central Government may‚ by notification in the Official Gazette‚ appoint and different dates may be appointed for different provisions of this Act and any reference in any provision to the commencement of this Act shall be construed
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Section 176 of Companies Act 1965. By. Kartikayen Supramaniam. In Malaysia companies Act 1965 (CA)‚ is one of the vital statutes which govern and regulate the formation and operation of a company. All the sections in this statute govern each and every part of company governance. In this case section 176 of Companies Act plays a very important role on arrangements and reconstruction of a company when the company heavily burdened with debt. Financial crisis is the most dangerous and a serious disadvantage
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Burglary is an offence under Section 9 of the Thefts Act‚ which is in 2 separate parts. The first sub section is s9(1)(a) which states “ a person is guilty of burglary if he enters any building or part of a building as a trespasser with the intent to steal‚ inflict grievous bodily harm‚ or do unlawful damage to the building or anything in it.” The second part is s9(1)(b) which says “a person is guilty of burglary if having entered a building or part of a building as a trespasser‚ he steals or attempts
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Section 23 of the Hindu Succession Act: Before and After The Hindu Succession Act came into force on 17th June‚ 1956‚ with the basic objective of providing a comprehensive scheme of intestate succession for Hindus.1 The Hindu Succession Act 1956 was amended in 2005. The amendments were made to make the Hindu Succession Act more empowering to women by altering‚ deleting and adding certain sections. The Hindu Succession (Amendment) Act‚ 2005 sought to make two major amendments in the Hindu Succession
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Yes. Section 202(a)(1) of the Clean Air Act clearly provides that the EPA Administrator shall promulgate standards applicable to the emission of any air pollutant from any class or classes of new motor vehicles or new motor vehicle engines that‚ in the Administrator’s judgment‚ may reasonably endanger the public health or welfare. The EPA argues that carbon dioxide‚ the basis of greenhouse gas emissions‚ is not an “air pollutant” within the meaning of the CAA. However‚ the definition of “air pollutant”
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Section 504 of the Rehabilitation Act is a federal law that states any discrimination of a qualified disabled individual is strictly prohibited. These disabled individuals cannot be denied from benefits or services due to their disability. Employers are not allowed to discriminate in the process of hiring to those that are disabled. Those that are required to comply are ones that receive any federal funding and/or assistance. Federal divisions and agencies are also required to comply. The organizations
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Finance Course Name: Intermediate Accounting Course Code & Section No: Semester: ACT330 – 4 Spring 2015 INSTRUCTOR & DEPARTMENT INFORMATION 1. Instructor Name: Nabila Nisha (NbN) 2. T NAC 755 3. Office Hours: 4. Office Phone: ST: 11:10 am – 12:30 pm ST & MW: 07:30 am – 08:00 am M: 11:10 am – 02:30 pm 1738 5. Email Address: nabilanisha.nsu@gmail.com; nnisha@northsouth.edu 6. Department: Accounting & Finance COURSE & SECTION INFORMATION Class Time & Location MW 08:00 am – 09:30 am‚ NAC
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