...______________________________________ PRIVATE LIMITED REGD. OFF.: _____________________________________________________ CIN: ________________________________ BOARD REPORT Dear Members, Your Directors have pleasure in presenting this Fifth Annual report on the affairs of the Company together with the Audited Statement of Accounts for the year ended on 31st March, 2015. 1. Financial Summary or performance of the company: ( in Lakhs) |PARTICULARS |YEAR ENDED |YEAR ENDED | | |31.03.2015 |31.03.2014 | |Sales for the year |11,05,07,357 |12,20,58,386 | |Other Income |18,96,596 |12,18,864 | |Total Income |11,24,03,953 |12,32,77,250 | |Profit before Financial Expenses, Preliminary expenses, Depreciation |(3,18,10,850) |(2,66,60,248) | |and Taxation | | | |Less: Financial...
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...22 July 2013 Abstract If you research the internet, there are massive amounts of information on how the law handles purchasing agent actions when acting upon directions from their principal, but what happens when the agent acts alone, is the agent held responsible? What about signature authority or when the agent is careless and takes on actions that he/or she has no right to perform. Can a purchasing officer be held personally responsible for actions outside the knowledge of his principle? Purchasing officers (agent) are employees who buy supplies and materials for the companies they work for. They dicker over the smallest costs and make decisions for the company on materials and supplies that would benefit the company. Agents are also in charge of managing contracts and ensuring that they are completed in time. Purchase agents have to be educated with enough knowledge to make the right decisions on handling the purchasing, inventory levels, suppliers and the economics which will enable them to make the important decisions to help a company succeed. Contracts involve negotiating for bids, being technical in your knowledge and being able to access what products are needed is part of what makes the agent the expert and their field. Purchasing agents are expected to be able to meet with vendors and to be able to iron out the problems, so as not to cause harm to the company. The control of the Agent comes from the principal. This can either be a company, or an...
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...times, employees have been exploited by working outrageous hours under horrible conditions for a measly pay. Such abuse was absorbed by the needy and continued for years, until the government stepped in and demanded labors to be implemented. Such laws gave the rights and freedom that many were looking for in order to work stable hours and for reasonable pay. Like many laws, it took time and effort but such laws came to fruition by legislations such as The Wagner Act, The Taft-Hartley Act, and the Civil Rights Act of 1964. The Wagner Act, also known as The National Labor Relations Act of 1935, is the foundation for all unions that are now in existence in the United States. Prior to The Wagner Act, employees had no say as to whether or not they wanted to come together and agree on proposals for better and healthier work environments by being represented by unions. The Wagner Act gave employees the ability to work together, unionize and designate employee representatives that would be the voice of the employees when it came to collective bargaining (Department of Labor (DOL), 2014). This act specifically required employers to bargain in good faith over mandatory bargaining issues such as wages, hours, and terms and conditions of employment (DeCenzo, Robbins & Verhulst, 2013). The Wagner Act was simultaneously incorporated into effect with the National Labor Relations Board (NLRB) was set up to interpret The Wagner Act and conduct elections to determine union representation and preventing...
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...References……………………………………………………………………………………….11 Abstract This paper looks at the rise and fall of the Health South Corporation along with its founder and CEO, Richard Scrushy. One of the biggest fraud cases in recent history, this one company over- stated its revenue by four billion dollars, causing many people to lose both their life savings and their jobs. Over fifteen people received jail sentences, and even the Governor of Alabama went to prison. Richard Scrushy was sentenced to seventy (70) months in prison. Introduction Mr. Scrushy started his company in 1986, and by 2003 he had lost everything. However, what happened in those seventeen years was spectacular. Scrushy started a small firm which grew into a nationwide company employing over sixty thousand employees. By all appearances he was the golden boy in the medical insurance industry - acquiring other, smaller companies in order to expand his own corporation and enhance his own income. During those seventeen years Mr. Scrushy’s income exploded; he purchased lucrative homes, expensive art, cars and yachts. His personal life soared upwards. His reputation in business was that of a shark; he was abrasive and rude with no consideration of others. Yet, his company continues to grow to this day. While at one time his company stock sold for over eighty dollars a share, going as low as six...
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...622 Companies Ordinance Long title Gazette Number Version Date L.N. 163 of 2013 03/03/2014 An Ordinance to reform and modernize Hong Kong company law, to restate part of the enactments relating to companies, to make other provision relating to companies, and to provide for incidental and connected matters. [Parts 1, 3, 4, 5, 6, 7, 8, 9, 10, 11, 13, 14, 15, 17, 18, 19 and 21 Part 2, except— section 27(3), (4), (5) and (6) in so far as it relates to a director or reserve director sections 47, 49, 50, 51 and 52 and Subdivision 2 of Division 7 Part 12, except— section 643(1)(a)(ii), (2)(b) and (3)(b) in so far as it relates to a correspondence address sections 643(5), 644, 645(5), 647(4) and (5), 651 and 657(2)(g) Part 16, except sections 791(4) and 802(4) and (5) Part 20, except section 908 Schedules 1, 3, 4, 5, 7, 9 and 10 Schedule 2, except section 3(1)(a)(iii) and (2) Schedule 6, except sections 3 and 4 Schedule 11, except section 115 (Enacting provision omitted—E.R. 1 of 2013) (Originally 28 of 2012) Part: 1 Preliminary L.N. 163 of 2013 03/03/2014 } } } } } } } } } } } 3 March 2014 L.N. 163 of 2013] } } (*Format changes—E.R. 1 of 2013) ____________________________________________________________________________ Note: * The format of Part 1 has been updated to the current legislative styles. Part: Division: 1 1 Short Title and Commencement L.N. 163 of 2013 03/03/2014 Section: (1) (2) 1 Short title and commencement L.N. 163 of 2013 03/03/2014 ...
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...White Paper - Harassment Name March 24, 2013 University of Maryland University College Class Instructor ------------------------------------------------- White Paper ------------------------------------------------- Zero Tolerance Harassment Policy This Pomodoro, Inc. white paper describes the U.S. Federal Laws and key topics of importance for compilation of a Zero-Tolerance Harassment policy. Introduction To prevent and eliminate misconduct, it is good business practice for Pomodoro, Inc. to implementing a zero-tolerance policy for harassment of any sort. Background U.S. Law requires employers to maintain a work environment that is free from harassment. According to the U.S. Equal Employment Opportunity Commission (EEOC) (2013), “Harassment is unwelcome conduct that is based on race, color, religion, sex (including pregnancy), national origin, age (40 or older), disability or genetic information. Harassment becomes unlawful where (1) enduring the offensive conduct becomes a condition of continued employment, or (2) the conduct is severe or pervasive enough to create a work environment that a reasonable person would consider intimidating, hostile, or abusive. Anti-discrimination laws also prohibit harassment against individuals in retaliation for filing a discrimination charge, testifying, or participating in any way in an investigation, proceeding, or lawsuit under these laws; or opposing employment practices that...
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...Balance Sheet and Statement of Profit and Loss Statement relating to Subsidiary Company Consolidtated Statement of Accounts Attendance Slip and Proxy 02 04 05 06 07 16 24 29 47 52 53 54 56 93 94 135 Letter from the Chairman Dear Shareholders, Financial Year 2013-14 was an exceptionally challenging one for the Indian aviation sector. The Indian economy recorded a lower GDP growth rate of 4.7%. Currency volatility and devaluation of the Indian Rupee further exacerbated the situation, leading to a drop in discretionary travel. Consequently, passenger load factors across our industry were under pressure and domestic passenger growth slowed to 4.8%. In this challenging environment, your Company managed to maintain revenues, though costs were hit due to depreciation of the Indian Rupee (of over 11%), higher aviation turbine fuel (“ATF”) rates and increased airport levies. Your Company has been consolidating its domestic network with a focus on strengthening its presence in key markets. Your Company has also been regularly adding international routes, besides embarking upon systematic improvement of its products across all classes of travel. Further, your Company has been strongly focused on improving its cost structure, including re-negotiating existing contracts with vendors, and has charted a plan to return to sustainable profitability and growth, whose targets are imminently achievable. Your Company has also taken steps to retire its high cost debt and further plans are on the anvil...
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...Sheet and Statement of Profit and Loss 56 Statement relating to Subsidiary Company 93 Consolidtated Statement of Accounts 94 Attendance Slip and Proxy 135 Letter from the Chairman Dear Shareholders, Financial Year 2013-14 was an exceptionally challenging one for the Indian aviation sector. The Indian economy recorded a lower GDP growth rate of 4.7%. Currency volatility and devaluation of the Indian Rupee further exacerbated the situation, leading to a drop in discretionary travel. Consequently, passenger load factors across our industry were under pressure and domestic passenger growth slowed to 4.8%. In this challenging environment, your Company managed to maintain revenues, though costs were hit due to depreciation of the Indian Rupee (of over 11%), higher aviation turbine fuel (“ATF”) rates and increased airport levies. Your Company has been consolidating its domestic network with a focus on strengthening its presence in key markets. Your Company has also been regularly adding international routes, besides embarking upon systematic improvement of its products across all classes of travel. Further, your Company has been strongly focused on improving its cost structure, including re-negotiating existing contracts with vendors, and has charted a plan to return to sustainable profitability and growth, whose targets are imminently achievable. Your Company has also taken steps to retire its high cost...
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...Employment Law Compliance Plan Employment Law Compliance Plan Michelle Houston HRM/531 November 26, 2013 Joann Spurlock Employment Law Compliance Plan Michelle Houston HRM/531 November 26, 2013 Joann Spurlock Memorandum To: Traci Goldman From: Michelle Houston Date: November 26, 2013 Subject: Employment Laws Regarding your request, my task is to design an employment law compliance plan for Mr. Bradley Stonefield. To the best of my knowledge Mr. Stonefield is planning to open a LimousineCompany located in Austin Texas. The company will consist of 25 employees during the first year. The memo will discuss employment laws and explain how each of the laws will be applied to the company. This memo will also discuss the penalties of noncompliance of the different laws. There are certain laws a company should abide by to remain in compliance. If at any time these laws are not followed by the company this can lead to several consequences. In this memo four employment laws will be discussed in detail. They are as follows American with Disabilities act of 1990, the age discrimination in Employment act of 1967, Family Medical Leave Act, and Texas Payday Law. The Americans with Disabilities act of 1990 The Americans with Disabilities Act excludes any company from discriminating qualified people who have a disability. This law protects people with many disabilities. The disabilities could consist...
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...regulations this company will need to follow in its plan to go public including standards set forth under the SOX Act, what areas the company has successful internal controls in place, and what departmental processes need more efficient internal controls put in place. By doing so, I think you as president can make LJB a more secure company and avoid many of the risks it is taking leading to fraudulent activity. Internal Control Requirements: My first area of concern when analyzing the LJB company internal controls, is what is going to be required for this company to become pubic and listed on U.S. Exchanges. In order to do this, we will discuss the standards put in place by the Sarbanes-Oxley (SOX) Act. Under the SOX Act, management must now certify the accuracy of financial information. This will require managers to perform tests and prepare statements showing the effectiveness of the design and integrity of its internal controls over financial reporting. This will be very important for the company to not incur severe penalties for fraudulent activity being ignored according to SOX standards. The SOX act also affects how external auditors perform assessments of the company’s financial reports. It will require external audits to include a traditional and an independent opinion of the company financial statements. Management will be held responsible for ensuring that an annual attestation report is prepared as a result of these audits to stay compliant with the SOX Act (Paul D. Kimmel...
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...Darl A. Hammacher Jr. IST 293 21 July 2013 HIPAA and Information Security In a society where you can find out nearly everything about a person by simply using the internet, there are still certain aspects of people’s lives that remain private thanks to certain federal and state laws. These laws have been enacted to not only maintain privacy of patients, but to reduce costs and fraud in the field they are related to. The continued growth of the population and growth of the ability to obtain private information has compelled the government to continuously create and update laws to protect its citizens. One of the most important laws of the 2000’s was the passing of HIPAA, or Health Information Portability and Accountability Act. HIPAA was designed to not only protect patients and their families, but also to cut down on cost and fraud within the medical field. If you have been to the doctor and signed any forms before you were seen, one of them was most definitely a HIPAA release form. HIPAA was created in 1996 as part of the Social Security Act. Since 1996, Congress has added many amendments to the Act, but the basic premise has remained the same. Title I of the HIPAA law was created in an effort to help employees and their families keep their health insurance in the event of a job loss or job change and define the time limits for pre-existing conditions clauses. Title II of HIPAA act was designed to also combat and deter fraud within the medical community as well as setting...
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...yahoo2013.tumblr.com YAHOO 2013 ANNUAL REPORT EDITORIAL EXCELLENCE YAHOO ON THE ROAD MONTHLY MOBILE USERS “2013 was a year of tremendous progress at Yahoo.” YAHOO IN NYC SEARCH 400M+ Enhancing Search TOP TECH TALENT monthly mobile users INCREASE IN AVERAGE MONTHLY USERS TALENT TUMBLR ACQUISITION 340,000+ Job Applications 800M+ average monthly users YAHOO 2013 ANNUAL REPORT NEW MAIL EXPERIENCE YAHOO WEATHER APP 50% YAHOO SPORTS Nearly half of new hires had design, engineering, or product backgrounds YAHOO NEWS DIGEST NEW LOGO TO OUR SHAREHOLDERS 2013 was a year of tremendous progress at Yahoo. Our mission at Yahoo is to make the world’s daily habits more inspiring and entertaining. From Search, Communications, Digital Magazines and Video to Flickr and Tumblr, daily habits are our heritage and our inspiration. We re-imagined every core product to create more engaging, delightful experiences for our users across the globe. We also invested in our ad technology to build value for our advertising partners. 2013 was also a year of remarkable innovation at Yahoo. We continued to rethink and rework the Search user experience. We are investing in Mail—the ultimate daily habit—to keep users connected with friends and family. We are focused on bringing users the best content from across the Web, through our partnerships with Comedy Central, SNL, NBC Sports, ABC News, CBS’s The Insider and others. We are also investing in editorial...
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...SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2014 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13252 McKESSON CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 94-3207296 (I.R.S. Employer Identification No.) One Post Street, San Francisco, California (Address of principal executive offices) (415) 983-8300 (Registrant’s telephone number, including area code) 94104 (Zip Code) Securities registered pursuant to Section 12(b) of the Act: (Title of each class) Common stock, $0.01 par value (Name of each exchange on which registered) New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been...
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...Unit 7 Questions Johnny Palafox 1. How much obedience and loyalty does an agent employee owe to an employer? What if the employer engages in an activity—or requests that the employee engage in an activity—that violates the employee’s ethical standards but does not violate any public policy or law? In such a situation, does an employee’s duty to abide by her or his own ethical standards override the employee’s duty of loyalty to the employer? When there is an agent employee to an employer relationship, obedience and loyalty are to be given to the employer almost fully, if anything completely. For example, when I go to apply for a job and upon signing a contract, the employer will only hire me, if I decide to give them complete loyalty and obedience. Trying to negotiate employment terms won’t get me far in the signing of my employment. When we have an agent to principal relationship, the agreement between these two entities, is agreed upon a mutual trust. The agent agrees to performance, accounting, loyalty obedience, and lastly notification. When it comes to obedience, agents must abide to the principal’s instructions, as long as it is legal. Obedience and loyalty can be the most difficult thing when one is dealing with an unethical person. For example, (Parkinson, 2006) puts a situation like this, “A producer of advertising knows that he or she is helping to sell fraudulent securities, he or she can be charged with securities fraud. ‘I was only following orders’ is...
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...the client. The client by definition is the person who pays the professional or organization for services; the person who engages the professional for their advice or services they render. (Legal Dictionary) For these services the client must cooperate with the accountant in every aspect the accountant deems fit, within the scope of their profession. The accountants responsibilities to the client include to act with integrity, objectively, due care, competence, fully disclose any conflict of interest, maintain client confidentiality, disclose fees to client, and serve the public interest when providing financial services, (AICPA code of conduct) Accountants can also have fiduciary duties to a client if the accountant gives advice to a client involving taxes, assessing management or business consulting. Fiduciary is a legal duty to act solely in the best interest of the client. The case below involves an Atlanta-based accountant breaching his fiduciary duty involving client confidentiality. ` On August 14, 2014 the Securities and Exchange Commission (SEC) brought charges against Donald S. Troth, CPA for insider trading. The allegation by the SEC was Donald S Troth purchased stock in O’ Charley’s restaurant using information from a client that paid him for tax advice. Troth also told two other clients (James A. Nash and Blair G....
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