Equity shareholders are owners of a business and receive any residual profits after preference shareholders have been paid. They have rights to income, control, pre-emptive rights during new share issues, and residual claims over assets in liquidation. Equity shares provide permanent capital but have uncertain returns and are a residual claim. They offer higher potential returns but also higher risk than other securities.
Capital Market is divided into two division; Primary Market and Secondary Market. Primary Market and its components are briefly described in this presentation.
This presentation covers Merchant Banking History; Categories; Services provided by them; Methods of placement; underwriting; Issue management & SEBI guidelines.
This presentation is an overview of Capital Structure Theories.
Dr. Soheli Ghose ( Ph.D (University of Calcutta), M.Phil, M.Com, M.B.A., NET (JRF), B. Ed).
Assistant Professor, Department of Commerce,St. Xavier's College, Kolkata.
Guest Faculty, M.B.A. Finance, University of Calcutta, Kolkata
Capital Market is divided into two division; Primary Market and Secondary Market. Primary Market and its components are briefly described in this presentation.
This presentation covers Merchant Banking History; Categories; Services provided by them; Methods of placement; underwriting; Issue management & SEBI guidelines.
This presentation is an overview of Capital Structure Theories.
Dr. Soheli Ghose ( Ph.D (University of Calcutta), M.Phil, M.Com, M.B.A., NET (JRF), B. Ed).
Assistant Professor, Department of Commerce,St. Xavier's College, Kolkata.
Guest Faculty, M.B.A. Finance, University of Calcutta, Kolkata
Elements of financial management & working capitalCh Naresh
The PPT Covers the 2 topics
1.Elements of Financial Management
2.Working Capital
which consists of following topics:
Contents :
Finance
Shares
Debentures
Bonds
Right shares
Venture capital
Mutual fund
Importance of working Capital
Types of working Capital
Components of working Capital
➢Meaning
➢Importance
of Working capital
Capital
SHARE,DEBENTURE,COMPANY,TYPES OF COMPANY,COMPANY LAW,
DIFFERENCE BETWEEN PUBLIC AND PRIVATE COMPANY,SHARE,SHARE HOLDER,SHARE CERTIFICATE,KINDS OF SHARE,EQUITY SHARES,PREFERENCE SHARE,FORFEITURE OF SHARE,EQUITY VS PREFERENCE SHARES,DEBENTURE,TYPES OF DEBENTURE,SHARE VS DEBENTURE,MEETINGS,
KINDS OF MEETINGS,ESSENTIAL OF VALID MEETING,CONDITION OF VALID MEETING
It is an endeavour to provide literature to UGC NET aspirants in commerce. This pdf contains the notes of Sources of Finance from the Unit 4 - Business Finance.
A rights shares issue, also known as a rights offering or rights offering of shares, is a process through which a company raises additional capital by offering new shares to its existing shareholders.
A rights issue is an invitation to existing shareholders to purchase additional new shares in the company. In a right offering, each shareholder receives the first right to subscribe to the shares at the discount as compared to the prevailing share price.
Sources of long term finance, Corporate governance AND Financial engineeringMohammed Jasir PV
Sources of long term finance — conventional and innovative sources — Leasing — Factoring — securitization
Dividend theories — Walter’s model — Gordens model — MM approach — legal aspects of dividend — formulation of dividend policy.
Corporate governance
Financial engineering
THIS PPT IS ABOUT A REPLAY OF COMPLAIN LETTER. IT IS A PART OF BUSINESS COMMUNICATION. THAT HELP IN IMPROVING WRITTEN COMMUNICATION. PREPARED BY MBA STUDENTS.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
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Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
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Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
3. “Equity shareholder are owner of the business.
they enjoy the residual profit of company after
having paid the preference shareholders the
amount of preference dividend”
Equity share also known as variable income
security.
4. 1. Right to income
The equity income left after satisfying the claim of all other
investor belongs to the equity shareholders.
The income of equity shareholders may be retained by the firm
or paid our as dividends.
2 . Right to control
As a owner of the firm so elect the board of directors & have
the right to vote on every resolution placed before the company.
Hence equity shareholders exercise an indirect control over the
operation of firm.
5. 3 . Pre- Emptive Right
The pre-emptive right enables existing shareholders to
maintain their proportional owner ship by purchasing the
additional equity shares issued by company.
According to law, existing shareholders have first priority
to purchase additional share on pro rata basis before the
others.
Ex: company -10,00,000 share
additional -300,000 share(30% share purchase
shareholders give first priority)
4 . Right in liquidation
As in case of income , equity shareholders have a residual
claim over assets of firm in the event of liquidation claim of
all other – debenture holders ;lenders, other creditors &
preference shareholders are prior to the claim of equity
shareholders.
6. Merits:
1 . Permanent capital : it’s available as long as the company
goes , because equity shares are not redeemable.
2 . No obligation to pay dividend : equity share no obligation
on the company to pay a fixed dividend to the equity
shareholders. They get dividend if adequate profit are
available.
3 . No charge on property : company is able to procure capital
without creating charge on its property ,which remains free &
can be utilized when additional funds are required by the
company.
4 . Wide scope of marketability : equity shares are lower
denominations, hence they can be purchased by persons of
limited income also.
Evaluation from the viewpoint of company:
7. 5 . High creditworthiness :the equity capital increase the
company’s financial base & thus it’s borrowing limited
increase.
lend in proportion to the company’s equity capital. By
issuing equity shares, the company increase it’s financial
capability.
6 . Publicity of company : Trading of shares on the stock
exchange creates publicity of the company.
7 . High premium : company can easily sell equity shares on
premium in times of boom . in such situation in people are
most eager to buy equity shares. company can quickly raise
fixed capital through equity share.
8. Demerits :
1 . Cost of equity : Cost of equity is generally highest. The rate
of return required by equity shareholders is generally higher
than rate of return required by other investors.
2 . Permanent burden : it creates permanent burden for the
company for the payment of dividend.
3 . Flotation cost : means cost of issuing equity shares, which is
higher than cost of issuing other type of securities .
Underwriting commission , brokerage cost & other expenses
higher for equity capital.
4 . Interference in management :equity shareholders have
voting rights. Hence there may be interference in existing
pattern of management.
9. 5 . Speculation : there are the higher chances of speculation
because it is traded in stock market.
6 . Dividend is not tax deductible :equity share dividend is not
tax deductible payment
7 . Dilution of control : Sale of equity shares to outsiders may
result in dilution of control of existing shareholders
10. Evaluation from the view point of investor:
Merits:
1 . Higher dividend : the equity shareholders earned more profit
compare to others during prosperous time.
2 . Voting right :shareholders can participate in management . they
can vote for election of director & auditor, approval of dividend
recommended by director.
3 . Right shares : an existing company has to offer the new issue of its
share to existing shareholders as right shares on priority basis.
4 . Capital appreciation : equity holders can earn capital gain by
selling shares when price of the share increases.
5 . Good liquidity position : The liquidity position of equity
shareholders is improved because these shares are freely traded in
all national level stock exchange.
11. Demerits :
1 . Uncertain return : no fixed rate of dividend is to be paid to
equity shareholders. Only directors have the authority to
decide whether to declare dividend or not.
2 . Residual claim on income as well as assets : equity
shareholder have last priority on income as well as assets
after satisfying claim of other
3 . Low market value : when low dividend are declared or
postpone the dividend the market value of equity share
decline & investors suffer a capital loss.
4 . Risk investment : equity prices tend to fluctuate widely, so
making equity investment risky .
12. 5 .Higher speculation : during boom phase of stock
market, equity shares may encourage too much
speculation.
6 . Dilution of control : the issue of new equity shares
may dilute the ownership & control of existing
shareholders while a preemptive right to retain their
proportionate ownership; they may not have funds to
invest in additional shares.