Question 1 1. The principle or rule known as the maintenance of share capital is based on the need to protect shareholders and creditors. Share capital is the contribution made by shareholders by subscribing shares of the company. A company’s creditors can only look to the share capital for the payment in the event of a winding up. To protect creditors, a general rule known as the rule in Trevor v Whitworth was developed to prohibit a company from reducing its share capital because a reduction in
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hide the facts; • The firm HR has the policy that two members with different ranks within the firm should not date. After feeling distracted by Giles’ personal behaviours during the work and cautioned by her friend Revilo about the severe consequences, Regas decided to put the date aside while Giles was reluctant to give it up; • The firm was facing the possibility of jeopardizing the productivity and efficiency of the audit work, and violating the compliance with the firm’s policy and
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reverse mergers (RTOs). 2. The structure of RTO (Coming to America) • Matchmakers in China and the U.S. connect businesses in China with American ailing or shell companies and propose a merger • The under writer hires an auditor to prepare the financial statements required for the merger to be approved by the SEC • Once the merger is approved, the company is renamed. Often the names contain the word "China" or "Sino". • The company builds up credibility and moves up to a well-known exchange such
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At the dawn of the eighteenth Century the Ottomans, while perceived by the Western powers to be in decline, were still a moving force in world politics. The heart of the Ottoman Empire homelands was strategically located at the crossroads of the great trade routes of the medieval world. Situated near the convergence of the Silk Roads, the Indian Ocean Routes, the Volga, the Danube, and the Mediterranean the Ottomans enjoyed political, economic and social influence over a large portion of Eastern
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University of Science & Technology Sylhet-3114. Date of Submission- July 14, 2013 Topic: - CAMEL Rating in Banking Sector, Bangladesh; it’s Procedure, its Mechanism and its Impact. Introduction:- Banks are very old form of financial institution that channel excess funds from surplus unit to deficit unit in consideration of a price called Interest. Banking business definitely established on a relationship of Debtor-Creditor between the surplus unit called depositors and the bank
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activities, including any expansion of the scope of private sector activity in an economy and the adoption by the public sector of efficiency enhancing techniques commonly employed by the private sector. The term privatization may be taken to mean a financial transaction-the sale of a publicly owned asset to the private sector or the transfer of the authority to make resource allocation decisions from the government to the market place (Gabel, 1987). While acknowledging that no definition of privatization
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corporate financial theory that is new and revolutionary. The core principles of corporate finance are common sense and have changed little over time. That should not be surprising. Corporate finance is only a few decades old, and people have been running businesses for thousands of years; it would be exceedingly presumptuous of us to believe that they were in the dark until corporate finance theorists came along and told them what to do. To be fair, it is true that corporate financial theory has
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AJAX MINERALS AND PERRIER CASE STUDIES Name: Course: 560 HRM Professor Date: February 23, 2014 Ajax Minerals had for some time been operating at an optimal capacity. Its successful operations were however marred by poor management skills and weak employee relations. The company was then faced with an external business rivalry from Pacific Rim Mining Company that created direct and stiff competition. Initial estimates focused that in a span of three years Pacific Rim would hold
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(a) --- Diagnostic control systems, serving mainly as management by exception tools, are used to monitor organizational outputs and compare them to the preset standards, in order to correct possible deviations and keep the intended strategy on track. --- Beliefs systems: the explicit set of organizational definitions that senior managers communicate formally and reinforce systematically to provide basic values, purpose and direction for the organization; --- Boundary Systems: they delineate the acceptable
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intelligence and manipulative behaviour. On October 16th, 1919, Hitler successfully attracted an audience of just over 100 (a significant improvement from previous public meetings) with an advertisement in an anti-semitic newspaper. 1920 saw to Hitler’s takeover of the party’s propaganda where he recruited young men he knew in the army suggesting that he learned early propaganda techniques which would then eventually help him gain dictatorship. Hitler realised there was recognisable symbol or flag representing
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