The document summarizes several news stories:
1) A SEBI panel in India favors requiring acquirers in takeover deals to make an open offer for up to 100% of shares in the target company, rather than the current minimum of 20%. This could increase costs for acquirers but provide all shareholders an exit option.
2) AIG will pay $725 million to settle a long-running securities fraud class action lawsuit brought by three Ohio public pension funds over allegations of accounting fraud, bid-rigging, and stock price manipulation from 1999-2005.
3) An interview with Venugopal Dhoot discusses the future revenue and profit mix of his Videocon group, with oil and
The document provides an overview of the Integrity with GFD solution, a new wealth accumulation and protection solution for business owners. It addresses main challenges business owners face like not having enough money for retirement or rewarding family. The Integrity solution offers accelerated wealth accumulation, additional life insurance protection, and significant tax advantages. It works by providing an upfront loan that is deposited into a universal life insurance policy to grow tax-deferred. Business owners can then enjoy multiple exit strategies like selling the business, using it for retirement income, or leaving a financial legacy.
1) The beneficiaries of a discounted gift trust (DGT) that was set up over a year before the client's death lost a court battle over inheritance tax (IHT) on the assets in the trust.
2) The court ruled that it could not be proven that the value of a life insurance policy taken out on the client could have been attained on the open market, so the trust did not qualify for IHT exemption.
3) Some Hong Kong insurance brokers are frustrated by a requirement to inform clients whenever they receive commissions from product sales, arguing it puts them at a competitive disadvantage against insurance agents who are not subject to the same rules.
Takaful, or Islamic insurance, is a cooperative scheme where participants pay contributions into a common risk pool. It is based on the principles of mutual assistance and donation rather than risk transfer. Takaful aims to avoid issues like riba (interest), gharar (uncertainty), and maisir (gambling) that are prohibited in Islam. General takaful contracts involve participants making donations to cover fellow participants' losses. The takaful operator manages the fund and provides assistance if it becomes insolvent. Takaful differs from conventional insurance by being based on cooperation instead of commercial exchange and by investing contributions in sharia-compliant ways.
This document discusses the differences between conventional insurance and Islamic (takaful) insurance. It explains that takaful is based on risk-pooling and mutual guarantee between participants, avoiding issues like riba (interest), gharar (uncertainty), and maisir (gambling) that are present in conventional insurance. It describes the key concept of tabarru in takaful, where participants donate contributions to a common fund to mutually insure one another. If the fund faces a deficit, the operator can provide an interest-free loan (qard hassan) to ensure solvency, though the terms of repayment are sometimes unclear.
The document provides an overview of 12 recent open offer cases in India, including the target company, acquirer, number of shares and percentage being acquired, and reason for the open offer such as share purchase agreements or preferential allotments. Intermediaries assisting with the open offers such as managers and registrars are also listed for each case. The open offers range from acquisitions of 20% to over 37.5% of company shares and voting capital.
The Indian markets declined slightly led by stocks in the telecom, PSU and power sectors. The BSE Sensex fell 0.12% and Nifty50 fell 0.17%. Asian markets rose following strong gains overnight on the US markets. Domestically, foreign institutional investors were net buyers of Indian stocks while domestic institutions were net sellers. The Indian rupee weakened slightly against the US dollar, euro and pound.
CVT Bhd borrowed RM2 million from Bank ABS in October, secured by a fixed charge on its factory and a floating charge over another company's property. The floating charge prohibited further charges without authorization. In April, CVT borrowed RM1 million from Lender X, secured by a fixed charge on its debt book. The liquidator must now determine priority.
The floating charge likely did not crystallize as a fixed charge as Bank ABS did not provide notice. Between the fixed charges, Bank ABS' charge has priority as the first in time. Bank ABS' floating charge has priority over Lender X's later fixed charge due to the negative pledge clause, giving Bank ABS first claim to the assets.
The document provides an overview of the Integrity with GFD solution, a new wealth accumulation and protection solution for business owners. It addresses main challenges business owners face like not having enough money for retirement or rewarding family. The Integrity solution offers accelerated wealth accumulation, additional life insurance protection, and significant tax advantages. It works by providing an upfront loan that is deposited into a universal life insurance policy to grow tax-deferred. Business owners can then enjoy multiple exit strategies like selling the business, using it for retirement income, or leaving a financial legacy.
1) The beneficiaries of a discounted gift trust (DGT) that was set up over a year before the client's death lost a court battle over inheritance tax (IHT) on the assets in the trust.
2) The court ruled that it could not be proven that the value of a life insurance policy taken out on the client could have been attained on the open market, so the trust did not qualify for IHT exemption.
3) Some Hong Kong insurance brokers are frustrated by a requirement to inform clients whenever they receive commissions from product sales, arguing it puts them at a competitive disadvantage against insurance agents who are not subject to the same rules.
Takaful, or Islamic insurance, is a cooperative scheme where participants pay contributions into a common risk pool. It is based on the principles of mutual assistance and donation rather than risk transfer. Takaful aims to avoid issues like riba (interest), gharar (uncertainty), and maisir (gambling) that are prohibited in Islam. General takaful contracts involve participants making donations to cover fellow participants' losses. The takaful operator manages the fund and provides assistance if it becomes insolvent. Takaful differs from conventional insurance by being based on cooperation instead of commercial exchange and by investing contributions in sharia-compliant ways.
This document discusses the differences between conventional insurance and Islamic (takaful) insurance. It explains that takaful is based on risk-pooling and mutual guarantee between participants, avoiding issues like riba (interest), gharar (uncertainty), and maisir (gambling) that are present in conventional insurance. It describes the key concept of tabarru in takaful, where participants donate contributions to a common fund to mutually insure one another. If the fund faces a deficit, the operator can provide an interest-free loan (qard hassan) to ensure solvency, though the terms of repayment are sometimes unclear.
The document provides an overview of 12 recent open offer cases in India, including the target company, acquirer, number of shares and percentage being acquired, and reason for the open offer such as share purchase agreements or preferential allotments. Intermediaries assisting with the open offers such as managers and registrars are also listed for each case. The open offers range from acquisitions of 20% to over 37.5% of company shares and voting capital.
The Indian markets declined slightly led by stocks in the telecom, PSU and power sectors. The BSE Sensex fell 0.12% and Nifty50 fell 0.17%. Asian markets rose following strong gains overnight on the US markets. Domestically, foreign institutional investors were net buyers of Indian stocks while domestic institutions were net sellers. The Indian rupee weakened slightly against the US dollar, euro and pound.
CVT Bhd borrowed RM2 million from Bank ABS in October, secured by a fixed charge on its factory and a floating charge over another company's property. The floating charge prohibited further charges without authorization. In April, CVT borrowed RM1 million from Lender X, secured by a fixed charge on its debt book. The liquidator must now determine priority.
The floating charge likely did not crystallize as a fixed charge as Bank ABS did not provide notice. Between the fixed charges, Bank ABS' charge has priority as the first in time. Bank ABS' floating charge has priority over Lender X's later fixed charge due to the negative pledge clause, giving Bank ABS first claim to the assets.
Dan Haynes Government Contract Accounting Updatedanhaynes
This document discusses government contract accounting and compliance requirements. It provides an overview of the Federal Acquisition Regulation (FAR) which governs federal contracts. Key parts of the FAR discussed include cost accounting standards, cost principles, and business ethics compliance. The document also summarizes a study on economic crimes in the aerospace and defense industry which found that a third of companies reported crimes in the last two years.
The document provides an overview of the fundamentals of Takaful, which is an Islamic insurance system based on mutual cooperation and donation. It discusses the key principles of Takaful, including tabarru' (donation), ta'awun (mutual cooperation), and mudharabah (profit-sharing). The three elements typically found in conventional insurance that are not compliant with Islamic law - gharar (uncertainty), maisir (gambling) and riba (interest) - are also examined. The document then outlines the basic Takaful operating models used in practice and the legal/regulatory framework governing the Takaful industry in Malaysia.
Your Guide To Participating Life InsuranceLawrence Cole
London Life participating life insurance provides permanent life insurance with guaranteed values and tax-advantaged growth potential. Policyholders have the opportunity to receive annual dividends based on the performance of over 1.5 million policies in the participating account. The guide outlines the key components of participating policies, including guaranteed values, investment performance, dividends, and flexibility through optional riders and benefits. It emphasizes the financial strength and stability of London Life as the largest participating life insurer in Canada with over 150 years of experience.
The document discusses different types of business organizations including sole proprietorships, partnerships, corporations, franchises, cooperatives, and non-profits. It provides details on the characteristics, advantages, and disadvantages of each type. Specifically, it notes that sole proprietorships make up 72% of all businesses but only 5% of total profits. Partnerships allow for more capital and sharing of losses but also disagreements among partners. Corporations can raise more capital through stocks and bonds but are subject to more regulations. Franchises provide a proven business model but may impose too many restrictions. The document also provides statistics on the US business population and examples of different types of mergers.
This document discusses JCR-VIS Credit Rating Company's methodology for rating Takaful and Retakaful firms. It provides an overview of the global and Pakistan Takaful markets. It then discusses the key factors JCR-VIS examines when rating Takaful operators, including management and controls, business model, legal separation of funds, liquidity, reinsurance arrangements, and earnings. Future challenges for the industry are also noted.
The document discusses regional comparisons of fiscal terms for petroleum production sharing contracts (PSCs) in Asia Pacific countries. It provides an overview of key fiscal elements such as royalty rates, cost recovery limits, profit oil splits between governments and contractors, state participation requirements, and domestic market obligations. Tables compare these fiscal terms across countries and note differences in elements like tax rates, incentives provided, and average estimated government take for each country.
The document discusses Q-Global Inc's Redeemable Preference Share program. It offers 3 packages - Executive, Prime, and Grand - priced from $500 to $3,500 that are redeemed after 16-24 months for guaranteed profits. Investors receive daily dividends from Q-Global's global investments. Brokers can earn bonuses of 6-10% for referrals and pass-ups based on the packages their referrals purchase.
Community Cash allows investors to purchase stock and claim an American city to promote online. Investors can choose to promote their city for $500 per month to generate quarterly profits. When cities are sold as franchises or to future investors, current investors may achieve 100-200% returns on investment. The company plans an IPO or buyout that would allow stockholders to profit from their shares and promoted cities.
The document provides an overview of mergers and acquisitions (M&A) regulation and activity in the Netherlands. It discusses the following key points in 3 sentences or less:
1) The public M&A market in the Netherlands was quiet in 2010 with only a few transactions, and there were approximately six pending deals by the end of the year including offers for IFCO Systems and AerCap holdings.
2) The main means of obtaining control of a public company in the Netherlands are public offers, which are commonly used and governed by legislation implementing the EU Takeover Directive, and statutory mergers which can be used to squeeze out minority shareholders.
3) Hostile bids are allowed under Dutch law but are still
This document provides an overview of SEBI Takeover Regulations, 2011 and SEBI Insider Trading Regulations, 1992. It discusses the need for SEBI takeover regulations due to changes in the Indian capital market landscape. Key definitions covered include acquirer, acquisition, control, shares, person acting in concert, enterprise value, and volume weighted average market price. The document outlines the chapter structure of SEBI Takeover Regulations, 2011 regarding substantial acquisition of shares, open offer process, other obligations, disclosure requirements, and miscellaneous provisions.
The Italian Supreme Court ruled that a put option awarded to a shareholder in the context of participating loan transactions does not breach the prohibition of leonine clauses. The Court found that the real purpose of the agreement was to indirectly raise finance for the company, not to exclude the shareholder totally from profits and losses. As the shareholder remained interested in the company's performance due to the option, the criteria for a leonine clause were not met. This clarified that participating loan agreements combining share purchases and put options can be legitimate forms of alternative company financing under Italian law.
The document discusses the treatment of qard (interest-free loans) in Takaful (Islamic insurance). It begins by contrasting conventional and Islamic insurance models. When a Takaful fund experiences a deficit, the Takaful operator can provide an interest-free qard loan to ensure solvency. However, terms of repayment are sometimes unclear. The document then examines regulatory issues around qard, including disclosure requirements and how qard fits within related party frameworks. It concludes by outlining Malaysia's proposed risk-based capital framework for Takaful operators, including capital adequacy ratios and supervisory interventions when capital levels decline.
This document provides an introduction to insurance and takaful. It explains that insurance transfers risk to an insurance company in exchange for premiums, while takaful is based on Islamic principles of mutual guarantee between participants. It outlines common types of insurance and takaful products and how to shop for and obtain plans. Key principles like insurable interest and utmost good faith are also discussed.
The document outlines strategies for captive insurance for high net-worth clients, including an overview of captive insurance structures and domiciles. It discusses pure captives, group captives, rent-a-captives and protected cell captives. Key considerations for captive insurance include tax strategies under IRS revenue rulings and using captives for estate planning.
Takaful is an Islamic insurance system based on mutual assistance and donation. It involves participants voluntarily contributing to a collective fund to guarantee each other against losses. If a participant suffers a loss, they receive money from the fund to help cover costs. Any surplus contributions are shared among participants according to a Mudarabah agreement. Takaful aims to help those in need without involving interest, gambling or other prohibited elements unlike conventional insurance.
This document discusses share capital and loan capital (borrowing powers) of companies under Indian company law.
It defines various types of share capital including authorized capital, issued capital, subscribed capital, called-up capital, paid-up capital, and reserve capital. It also discusses alteration and reduction of share capital, duties of the court in reduction of capital, and liability of members after reduction.
It then discusses a company's borrowing powers, including implied powers to borrow for trading companies and express powers required for non-trading companies. It discusses limitations on director's borrowing powers and consequences of ultra vires borrowing by a company or directors. Key points covered are rights of lenders in case of ultra vires borrowing, and
Nationwide's 2001 annual report showed:
- Direct written premiums decreased to $26 billion from $28.2 billion in 2000.
- Net income declined to a loss of $294.9 million from income of $330.8 million in 2000.
- Assets totaled $113.5 billion, down from $117 billion in 2000.
- The property/casualty business improved its combined ratio to 106.5% from 111.1% in 2000 through improved underwriting and claims management.
El documento describe varias herramientas digitales y sus posibilidades educativas. Los podcasts permiten formación bajo demanda y libre de limitaciones temporales o espaciales. Google Hangouts permite conectarse virtualmente para reunirse, analizar temas y debatir. Los mapas conceptuales fomentan la reflexión y el análisis a través de presentar información en forma de redes, y admiten trabajo cooperativo y contenidos multimedia.
Dan Haynes Government Contract Accounting Updatedanhaynes
This document discusses government contract accounting and compliance requirements. It provides an overview of the Federal Acquisition Regulation (FAR) which governs federal contracts. Key parts of the FAR discussed include cost accounting standards, cost principles, and business ethics compliance. The document also summarizes a study on economic crimes in the aerospace and defense industry which found that a third of companies reported crimes in the last two years.
The document provides an overview of the fundamentals of Takaful, which is an Islamic insurance system based on mutual cooperation and donation. It discusses the key principles of Takaful, including tabarru' (donation), ta'awun (mutual cooperation), and mudharabah (profit-sharing). The three elements typically found in conventional insurance that are not compliant with Islamic law - gharar (uncertainty), maisir (gambling) and riba (interest) - are also examined. The document then outlines the basic Takaful operating models used in practice and the legal/regulatory framework governing the Takaful industry in Malaysia.
Your Guide To Participating Life InsuranceLawrence Cole
London Life participating life insurance provides permanent life insurance with guaranteed values and tax-advantaged growth potential. Policyholders have the opportunity to receive annual dividends based on the performance of over 1.5 million policies in the participating account. The guide outlines the key components of participating policies, including guaranteed values, investment performance, dividends, and flexibility through optional riders and benefits. It emphasizes the financial strength and stability of London Life as the largest participating life insurer in Canada with over 150 years of experience.
The document discusses different types of business organizations including sole proprietorships, partnerships, corporations, franchises, cooperatives, and non-profits. It provides details on the characteristics, advantages, and disadvantages of each type. Specifically, it notes that sole proprietorships make up 72% of all businesses but only 5% of total profits. Partnerships allow for more capital and sharing of losses but also disagreements among partners. Corporations can raise more capital through stocks and bonds but are subject to more regulations. Franchises provide a proven business model but may impose too many restrictions. The document also provides statistics on the US business population and examples of different types of mergers.
This document discusses JCR-VIS Credit Rating Company's methodology for rating Takaful and Retakaful firms. It provides an overview of the global and Pakistan Takaful markets. It then discusses the key factors JCR-VIS examines when rating Takaful operators, including management and controls, business model, legal separation of funds, liquidity, reinsurance arrangements, and earnings. Future challenges for the industry are also noted.
The document discusses regional comparisons of fiscal terms for petroleum production sharing contracts (PSCs) in Asia Pacific countries. It provides an overview of key fiscal elements such as royalty rates, cost recovery limits, profit oil splits between governments and contractors, state participation requirements, and domestic market obligations. Tables compare these fiscal terms across countries and note differences in elements like tax rates, incentives provided, and average estimated government take for each country.
The document discusses Q-Global Inc's Redeemable Preference Share program. It offers 3 packages - Executive, Prime, and Grand - priced from $500 to $3,500 that are redeemed after 16-24 months for guaranteed profits. Investors receive daily dividends from Q-Global's global investments. Brokers can earn bonuses of 6-10% for referrals and pass-ups based on the packages their referrals purchase.
Community Cash allows investors to purchase stock and claim an American city to promote online. Investors can choose to promote their city for $500 per month to generate quarterly profits. When cities are sold as franchises or to future investors, current investors may achieve 100-200% returns on investment. The company plans an IPO or buyout that would allow stockholders to profit from their shares and promoted cities.
The document provides an overview of mergers and acquisitions (M&A) regulation and activity in the Netherlands. It discusses the following key points in 3 sentences or less:
1) The public M&A market in the Netherlands was quiet in 2010 with only a few transactions, and there were approximately six pending deals by the end of the year including offers for IFCO Systems and AerCap holdings.
2) The main means of obtaining control of a public company in the Netherlands are public offers, which are commonly used and governed by legislation implementing the EU Takeover Directive, and statutory mergers which can be used to squeeze out minority shareholders.
3) Hostile bids are allowed under Dutch law but are still
This document provides an overview of SEBI Takeover Regulations, 2011 and SEBI Insider Trading Regulations, 1992. It discusses the need for SEBI takeover regulations due to changes in the Indian capital market landscape. Key definitions covered include acquirer, acquisition, control, shares, person acting in concert, enterprise value, and volume weighted average market price. The document outlines the chapter structure of SEBI Takeover Regulations, 2011 regarding substantial acquisition of shares, open offer process, other obligations, disclosure requirements, and miscellaneous provisions.
The Italian Supreme Court ruled that a put option awarded to a shareholder in the context of participating loan transactions does not breach the prohibition of leonine clauses. The Court found that the real purpose of the agreement was to indirectly raise finance for the company, not to exclude the shareholder totally from profits and losses. As the shareholder remained interested in the company's performance due to the option, the criteria for a leonine clause were not met. This clarified that participating loan agreements combining share purchases and put options can be legitimate forms of alternative company financing under Italian law.
The document discusses the treatment of qard (interest-free loans) in Takaful (Islamic insurance). It begins by contrasting conventional and Islamic insurance models. When a Takaful fund experiences a deficit, the Takaful operator can provide an interest-free qard loan to ensure solvency. However, terms of repayment are sometimes unclear. The document then examines regulatory issues around qard, including disclosure requirements and how qard fits within related party frameworks. It concludes by outlining Malaysia's proposed risk-based capital framework for Takaful operators, including capital adequacy ratios and supervisory interventions when capital levels decline.
This document provides an introduction to insurance and takaful. It explains that insurance transfers risk to an insurance company in exchange for premiums, while takaful is based on Islamic principles of mutual guarantee between participants. It outlines common types of insurance and takaful products and how to shop for and obtain plans. Key principles like insurable interest and utmost good faith are also discussed.
The document outlines strategies for captive insurance for high net-worth clients, including an overview of captive insurance structures and domiciles. It discusses pure captives, group captives, rent-a-captives and protected cell captives. Key considerations for captive insurance include tax strategies under IRS revenue rulings and using captives for estate planning.
Takaful is an Islamic insurance system based on mutual assistance and donation. It involves participants voluntarily contributing to a collective fund to guarantee each other against losses. If a participant suffers a loss, they receive money from the fund to help cover costs. Any surplus contributions are shared among participants according to a Mudarabah agreement. Takaful aims to help those in need without involving interest, gambling or other prohibited elements unlike conventional insurance.
This document discusses share capital and loan capital (borrowing powers) of companies under Indian company law.
It defines various types of share capital including authorized capital, issued capital, subscribed capital, called-up capital, paid-up capital, and reserve capital. It also discusses alteration and reduction of share capital, duties of the court in reduction of capital, and liability of members after reduction.
It then discusses a company's borrowing powers, including implied powers to borrow for trading companies and express powers required for non-trading companies. It discusses limitations on director's borrowing powers and consequences of ultra vires borrowing by a company or directors. Key points covered are rights of lenders in case of ultra vires borrowing, and
Nationwide's 2001 annual report showed:
- Direct written premiums decreased to $26 billion from $28.2 billion in 2000.
- Net income declined to a loss of $294.9 million from income of $330.8 million in 2000.
- Assets totaled $113.5 billion, down from $117 billion in 2000.
- The property/casualty business improved its combined ratio to 106.5% from 111.1% in 2000 through improved underwriting and claims management.
El documento describe varias herramientas digitales y sus posibilidades educativas. Los podcasts permiten formación bajo demanda y libre de limitaciones temporales o espaciales. Google Hangouts permite conectarse virtualmente para reunirse, analizar temas y debatir. Los mapas conceptuales fomentan la reflexión y el análisis a través de presentar información en forma de redes, y admiten trabajo cooperativo y contenidos multimedia.
The Competition Law was issued in Myanmar on February 24, 2015 after more than two years of negotiations between several ministries. The law aims to protect consumers from unfair prices and promote national economic growth by ensuring a competitive market and preventing anti-competitive behaviors like abuse of market dominance and unfair trade practices. However, more clarification is still needed on definitions and procedures for implementing the law. A Competition Commission will be established to investigate violations and enforce penalties, but rules and regulations are still forthcoming. While the law sets out important prohibitions, further details are needed for it to be effectively enforced.
These are a few thoughts on phone based lead generation. We see many companies making the same types of mistakes. It's good to reflect on strategies that have worked consistently over the years.
This document discusses creating a culture of integrity and respect in the workplace through collaborative performance management. It emphasizes building mutual respect between managers and employees, sharing goals, humanizing the workplace through restraint and understanding, and providing frequent, positive reviews to recognize contributions. Managers are encouraged to actively listen to employees, follow up on their concerns, and conduct open and non-judgmental formal reviews focused on improving performance and developing goals. The goal is to maximize employee performance through collaboration and respect on both sides.
Why continue the longest running civil war in Myanmar?MYO AUNG Myanmar
The article criticizes the Burmese government's handling of ethnic conflicts in the country. It argues that the government has not sincerely implemented the NCA peace agreement from 2008 and continues to discriminate against ethnic armed groups. The author calls on the government to genuinely address ethnic demands through an inclusive political process as outlined in the NCA.
Case Study: From Excel to PPM – IDEXX’s Move to Better Manage Its BusinessCA Technologies
IDEXX Laboratories moved from managing its $30 million project portfolio in Excel spreadsheets to using CA Project & Portfolio Management (CA PPM) to gain better visibility and management. With CA PPM, IDEXX can now manage the intake, planning, and critical resource decisions for its IT project portfolio. The implementation was phased and helped IDEXX adopt capabilities like time reporting, resource management, and full portfolio planning to overcome previous challenges.
Learn How CA Services Can Help You Optimize Your PPM JourneyCA Technologies
The document discusses how CA Services can help customers optimize their project portfolio management (PPM) journey. It outlines an agenda for a session that will discuss techniques for gaining adoption and growing PPM maturity. Topics include on-premise vs software as a service (SaaS) solutions, value realization roadmaps, and maturity assessments. The presentation emphasizes that defining business outcomes drives adoption and value. It recommends customers work with CA Services to conduct assessments, develop a migration plan with the right focus areas, and communicate effectively throughout the process to optimize their PPM solution journey.
Chapter One: Personal Mythologies and Histories Student Journal Entries ExamplesMFMinickiello
This chapter explores how students view their own personal histories and creativity through short journal entries. Ten students share brief reflections on where they have been and how they have developed their interests in visual arts and creativity over time.
This document provides an overview of automated license plate recognition (ALPR) technologies used by law enforcement agencies. It discusses how ALPR systems automatically capture and analyze license plate images to compare them to databases and alert officers when vehicles of interest are observed. The document also reviews the background of license plates and their use, how police utilize license plate data, and the history of automated number plate recognition technology.
Case Study: Taking IT Asset Management to the Next Level With Process AutomationCA Technologies
Steven Pinto of Elavon presented on how their company leverages CA Process Automation to integrate CA IT Asset Manager, CA Service Desk Manager, and CA Service Catalog. This creates automated workflows for IT asset management processes like procurement, deployment, and decommissioning. The automation provides an accurate asset inventory, audit trail of changes, and allows end users to track request statuses. It helps Elavon maximize the value of their ITSM and ITAM tools.
IT Professionals for future Myanmar and IoTPyi Soe Maw
Presented in the Developer Conference 2016 Yangon to promote younger ICT professionals and to be prepared ready for the future ICT trends in Myanmar. Also introduced about the IoT technology and shared the fast ways to be ICT professionals.
This document summarizes a research paper on number plate detection using optical character recognition. The system uses a webcam to capture images of vehicles entering a gate. It then detects the number plate using template matching and optical character recognition. The detected license plate numbers are stored in a database and compared to a blacklist to control access. The system is designed for security applications like access control and monitoring vehicles at borders or toll stations. It analyzes the captured images through steps like binarization, number plate area detection, segmentation of characters, and identification of numbers using templates for storage and comparison.
This presentation tell us the types of m&a and their defence.
The information of this presentation is supported with various article theories definition and presentation
AIG Third Quarter 2008 U.S. Treasury, Federal Reserve and AIG Establish Comp...finance2
The U.S. Treasury, Federal Reserve, and AIG established a comprehensive solution for AIG that included:
1) The Treasury purchasing $40 billion in preferred shares and warrants to help pay down AIG's credit facility.
2) Revising AIG's credit facility with the Federal Reserve to extend the term and reduce costs.
3) Creating entities to purchase assets from AIG's securities lending program and credit default swap portfolio to reduce its exposure.
This solution was designed to resolve AIG's liquidity issues and create a durable capital structure to enable repayment of loans over time.
The U.S. Treasury, Federal Reserve, and AIG established a comprehensive solution for AIG that included:
1) The Treasury purchasing $40 billion in preferred shares and warrants to help pay down AIG's credit facility.
2) Revising AIG's credit facility with the Federal Reserve to reduce rates and extend the term.
3) Creating entities to purchase assets from AIG's securities lending program and credit default swap portfolio to reduce its exposure.
The document discusses the state of the professional indemnity insurance market for solicitors in the UK. It notes that many insurers have exited the market or reduced their scope due to high claims costs. The assigned risks pool (ARP), which solicitors enter if they cannot obtain regular insurance, is seen as a disincentive for new insurers. The document examines the key factors driving the hard market conditions, including high claims from residential conveyancing and an increase in fraud claims. It outlines reforms proposed by the Solicitors Regulation Authority to address these issues over the coming years, including gradually phasing out the ARP and improving conveyancing standards.
This document summarizes Jeffrey Peek's remarks from a Lehman Brothers Financial Services Conference on September 8, 2008. Peek discusses CIT's transition to a global commercial finance company, securing over $11 billion in liquidity, continued funding progress in Q3, reducing high risk exposures, and initiatives to enhance profitability. The future vision is outlined as a global commercial finance company focused on the middle market with a balanced funding model and strong capital levels and ratings.
Craig’s Crocodiles, Inc.
Accrual Concept
Accrual accounting requires that revenues and expenses be reported when the benefits have been received or used up and not when cash is collected.
Example 1: Georgia Pacific sells $100,000 in lumber to Home Depot in December 2007. Home Depot pays in January 2008. Georgia Pacific will record $100,000 in sales revenue for year 2007.
Example 2: Home Depot owes employees salary for December 2007 of $250,000 which it pays on January 1 2008. It has a salary expense of $250,000 in 2007.
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Matching Concept
The matching concept requires that all costs – past, present or future – must be matched against the revenue they give rise to. A Ford dealer sells an automobile to a customer in year January 2008 that it had purchased in December 2007.
Example of Past Expense: Purchase cost of the automobile from 2007.
Example of Present Expense: Sales commission paid in January 2008.
Example of Future Expense: Estimated warranty repairs to be done in the future.
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FASB Standards v Statements
Standards are issued by the Financial Accounting Standards Board and represent rules to be followed.
Statements of FASB are for “guidance” and not mandatory rules.
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Revenue Recognition Guide
Most businesses typically recognize revenue at time of sale (delivery to a common carrier).
Statement of Concept # 5 requires two conditions for revenue recognition:
1. When products or other assets are exchanged for cash or claims to cash.
2. When the entity has substantially accomplished what it must do to be entitled to the benefits represented by the revenues.
13
Question 1:
Income per Crocodile
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Per
Crocodile
Sales Price
?
Catching Expenses
?
Shipping Expenses
?
Collection and Bad Debts Expense
?
Total Expenses per crocodile
?
Net income per crocodile
?
Question 2:
Income Under Different Revenue Timing RulesProduction or Catching Basis: Delivery or Sale Basis: Collection Basis:
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Question 2:
What method should we use?Statement of Concept # 5 requires two conditions:
Realized or realizable. Revenues and gains are realizable when related assets received or held are readily convertible to known amounts of cash or claims to cash.
Earned. Revenues are considered to have been earned when the entity has substantially accomplished what it must do to be entitled to the benefits represented by the revenues.
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Question 3:
Balance of Lease TermPauly is suing Craig’s Crocodiles for 24 months of unpaid rent – the balance of the lease termDoes Pauly have a duty to mitigate damages?Is there is evidence of damages?
Question 4:
Punitive DamagesIs Pauly entitled to punitive damages? Is there is evidence of damages?
Question 5:
Accounting EntryAsk attorney if liability from the lawsuit is probable, reasonably possible, or remote. Recognize a contingent liability if in attorney’s opinion liability is probable. What is the entry as.
AIG: The Missing Piece of Its Failure Narrative & Why It MattersMercatus Center
The failure of American International Group Inc. was one of the main narratives from the financial crisis, prompting the push for greater financial market regulation and the adoption of Dodd-Frank. But what if the generally accepted account—that AIG’s supposedly unregulated derivatives activities sank the company—doesn’t actually tell the full story?
CDR is a method used by companies with outstanding debt obligations to reorganize the terms of debt agreements in order to achieve advantages like waiving interest, concessions in payments, and converting debt to equity. It allows a business to gain control of its finances and improve its credit rating with help from creditors. However, it can also place holds on new credit and negatively impact a company's public image. The CDR process in India involves a standing forum, empowered group, and CDR cell that work to restructure eligible corporate debts.
The document compares different legal structures for microfinance institutions (MFIs) in India and their ability to accept foreign investment. It finds that while Section 25 companies allow foreign investment, they prohibit dividend distribution. Non-banking financial companies (NBFCs) allow greater foreign ownership but have high capitalization requirements. Overall, the different structures each have advantages and limitations for MFI operations and foreign investment.
The document discusses issues with bankruptcy and debt recovery in India and proposes reforms through a new Bankruptcy Code. Currently, the bankruptcy process in India takes an average of 4.7 years, compared to 1.7 years in OECD countries, and secured creditors recover just 25.7% of amounts owed on average. The Code aims to establish a time-bound insolvency resolution process of 180 days for companies and individuals. It will involve insolvency professionals, information utilities, and oversight by the Insolvency and Bankruptcy Board of India. The reforms aim to reduce NPAs for banks, improve ease of doing business, and strengthen investor confidence.
On demand bonds; all is not necessarily lost part 2 - vol. iv issue no. 1Iffat Al Gharbi
- The article discusses the issue of restraining the presentation of an on-demand bond and the potential obligation to return or account for funds paid out under the bond if the actual losses are less than the payment.
- While applications to restrain calling a bond may fail, the party receiving payment may still be obligated to return excess funds based on principles of commercial fairness and unjust enrichment.
- The advice of lawyers should be sought if seeking to recover excess funds paid out under an on-demand bond.
An initial public offering (IPO) refers to the first sale of stock by a company to the public. IPOs allow companies to raise capital to fund expansion and future growth. Key reasons for companies to go public include raising new capital, gaining future access to capital markets, facilitating mergers and acquisitions, and enhancing prestige. The IPO process involves selecting an underwriter, registering with regulatory agencies, printing a prospectus, conducting a roadshow to market the offering, pricing shares, and selling shares to investors.
The document provides several summaries of legal updates and informal guidance from SEBI on matters related to takeovers.
1) SEBI provided informal guidance in a case involving a trust set up by OCL India Limited. It determined that if the trust and trustees are independent of the promoter group and company management, they would not be considered persons acting in concert.
2) For a case involving Bharti Airtel acquiring shares via GDRs, SEBI clarified that disclosure is required but the open offer obligation only arises upon conversion to equity shares.
3) SEBI disposed of proceedings against acquirers in a case, accepting that they complied with regulation 12 of the takeover code in
The current soft insurance market provides a good opportunity for agencies to create captive insurance companies. Captives can generate underwriting profits and investment income for agencies. They also allow agencies more control over their business partnerships with carriers. By taking advantage of Section 831(b), agency captives' underwriting profits may be exempt from federal taxes if annual premiums do not exceed $1.2 million. Waiting until the next hard market reduces opportunities agencies have now to partner with carriers and develop new profit strategies using a captive. The best time for agencies to start exploring a captive strategy is during the current soft market conditions.
Business Development and Investing in Kazakhstan, Vienna, Austria, on April 19, 2012
Lawyers of “Linkage&Mind” Law firm: Ms. Aizhan Karzhaubayeva and Ms. Aigerim Seifullina will take part in Business forum on “Business Development and Investing in Kazakhstan” speaking on the topic: “M&A deals in Kazakhstan”, which takes place in Vienna (Austria) on April 19, 2012 and organized by the Commercial Section of the Austrian Embassy in Kazakhstan.
Elimination of riba from the economy and islamicheartbreakid32
The document outlines proposals for eliminating interest from Pakistan's financial system and replacing it with Islamic modes of financing. It discusses proposed changes to various sectors like banking, industry, agriculture, as well as specialized financial institutions. The overall goal is for the country to transition to an interest-free economy through gradual implementation of profit-and-loss sharing models across all areas of financing.
Credit Crisis - The Story of AIG's Financial Mismanagement and BailoutRovarovaivalu Vesikula
1) AIG's securities lending business and credit default swap business through its AIGFP subsidiary led to huge losses during the financial crisis, recording $21 billion and $20 billion in losses respectively.
2) AIG's securities lending business invested cash collateral heavily in mortgage-backed securities, which declined in value during the crisis. Its CDS portfolio insured multi-sector CDOs that were backed by subprime mortgages and also declined.
3) The US government bailed out AIG with an initial $85 billion loan and later additional assistance. It set up special purpose vehicles like Maiden Lane II and III to acquire troubled assets from AIG and ease its liquidity problems. The bailout
The document discusses the bankruptcy of Energy Future Holdings, which underwent the largest leveraged buyout in history. It accumulated $40 billion in debt and has now filed for bankruptcy. There is currently a legal dispute over where the bankruptcy proceedings will take place. The bankruptcy could help clarify fraudulent transfer law, as creditors may argue the leveraged buyout constituted a fraudulent transfer. Leveraged buyouts involve taking on substantial debt, making the acquiring company vulnerable if it cannot service the debt. Careful target selection is important to mitigate bankruptcy risk.
This document discusses thin capitalization and arm's length pricing. It begins by explaining capital structuring and the importance of determining an ideal capital structure for a company. It then defines thin capitalization as occurring when a company's capital is made up of a much greater proportion of debt than equity, creating risks. Various countries employ different approaches to thin capitalization rules, including fixed debt-to-equity ratios, subjective analysis of financing terms, and rules concerning hidden profit distributions. The document provides a brief comparative analysis of thin capitalization rules in countries like Australia, Germany, France, the US, India, and Japan.
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केरल उच्च न्यायालय ने 11 जून, 2024 को मंडला पूजा में भाग लेने की अनुमति मांगने वाली 10 वर्षीय लड़की की रिट याचिका को खारिज कर दिया, जिसमें सर्वोच्च न्यायालय की एक बड़ी पीठ के समक्ष इस मुद्दे की लंबित प्रकृति पर जोर दिया गया। यह आदेश न्यायमूर्ति अनिल के. नरेंद्रन और न्यायमूर्ति हरिशंकर वी. मेनन की खंडपीठ द्वारा पारित किया गया
Essential Tools for Modern PR Business .pptxPragencyuk
Discover the essential tools and strategies for modern PR business success. Learn how to craft compelling news releases, leverage press release sites and news wires, stay updated with PR news, and integrate effective PR practices to enhance your brand's visibility and credibility. Elevate your PR efforts with our comprehensive guide.
Youngest c m in India- Pema Khandu BiographyVoterMood
Pema Khandu, born on August 21, 1979, is an Indian politician and the Chief Minister of Arunachal Pradesh. He is the son of former Chief Minister of Arunachal Pradesh, Dorjee Khandu. Pema Khandu assumed office as the Chief Minister in July 2016, making him one of the youngest Chief Ministers in India at that time.
1. JAGAN INSTITUTE OF MANAGEMENT STUDIES
The World This Week
22 JULY 2010 VOLUME 1, ISSUE 2
Inside this issue: Takeovers: SEBI Panel Wants 100% Open Offer
Takeovers: SEBI 1 any entity that has purchased and other public sharehold-
Panel Wants 100% 15 per cent equity, either ers.
from the promoters or from
Open Offer By the current practice, all
the open market.
the public shareholders do
AIG To Pay $725 1 Sebi had set up a Takeover not necessarily get an exit
Mn To Settle Regulatory Advisory Commit- option, even if the owner-
tee, with former Securities ship of a company changes
Fraud Case
Appellate Tribunal presiding hands, as the open offer size
Interview: 2 officer, C Achuthan as chair- need not be more than 20
man. The Committee, which per cent. In most M&As, the
Venugopal Dhoot
prepared the report in consul- promoters sell their stake to
Aluminium Ex- 2 tation with the various stake- the acquirer, which later
Takeovers are set to get
holders, is believed to have makes a 20 per cent open
ports May Rise By costlier, with a Securities
recommended making suit- offer for public sharehold-
Year-End and Exchange Board of
able changes in the existing ers. Accordingly, an acquirer
India (Sebi) panel favoring
takeover regulations. can get away with acquisi-
Godrej To Convert 2 making it mandatory for
tion of just 35 per cent stake
Hyderabad IT the acquirer to make an Also, it might increase the
in a listed company 15 per
offer for up to 100 per cent open offer trigger limit from
SEZ Into Housing cent from promoters or
stake in any listed com- 15 per cent, sources said.
Project open market and further 20
pany.
While an increase in open per cent from public open
Dhoni Inks Rs 2 As of now, an open offer offer size could mean larger offer thus leaving as much
for a minimum of 20 per cash outgo for the acquirers, as 65 per cent equity holders
200-Cr Deal With
cent in the target company the step is being considered in without any option to sell
Rhiti Sports is required to be made by the larger interest of retail their shares.
AIG To Pay $725 Mn To Settle Fraud Case
Government plans
ban on unbranded
-minary court approval of the expected recovery for AIG
settlement with a class of shareholders to about $1
mobile phones
shareholders. The company billion, Cordray said. AIG
may fund the remaining $550 said it was "pleased to have
Escorts Q3 net
million through one or more resolved this matter."
jumps over two-
common stock offerings.
fold to Rs 45.84 cr "This settlement ends a long
The litigation, which began in
-standing lawsuit, allowing
American International October 2004, involved alle-
Sony to introduce AIG to continue to focus its
Group Inc agreed to pay gations that AIG engaged in
new PlayStation3 efforts on paying back tax-
$725 million to settle a long accounting fraud, bid-rigging
with bigger memory payers and restoring the
-running securities fraud and stock price manipulation,
value of our franchise for
lawsuit led by three Ohio said Ohio Attorney General
the benefit of all our stake-
public pension funds, in Richard Cordray, who repre-
holders," spokesman Mark
one of the largest class sented the Ohio funds.
Herr said. Cordray said to-
action settlements in US
The settlement resolves alle- gether this was the tenth-
history.
gations of AIG's wide-ranging largest securities class action
AIG would pay $175 mill- fraud from October 1999 to settlement in US history.
ion within 10 days of preli- April 2005 and brings the
2. JAGAN INSTITUTE OF MANAGEMENT STUDIES
Interview: venugopal dhoot
The World This Week Page 2
Aluminium Exports May Rise By Year-End
“Currency float by China will have nations. Prices, which reached
a positive impact on exports, but close to $2,316 a tone for three-
may not affect growth substan- month delivery in April, had fallen
Oil and gas is turning out to be tially. However, aluminium de- 16 per cent to $1,930 per tone in
your cash cow now. How do you mand in the international market is June. At present, aluminium for
see the revenue and profit mix of sound and will get support from three-month delivery is around
the group? the decreasing inventory of the $2,000 per tone. “We expect prices
Oil will be a major income genera- metal at LME,” said A K Sharma, to stabilize at the current level.
tor for us, and the energy business director (production), National They may touch $2,150 a tone by
will take the lead in five years in Aluminium Company Ltd (Nalco). December,” Sharma said.
terms of revenues and profits by a
large margin. For now, both con- Sharma, who also heads the Fed- Talking about the current inven-
Falling LME inventories, yuan
sumer electronics and oil and gas eration of Indian Mineral Indus- tory level of 4.3 million tones at
revaluation to be likely trigger
— both in India and globally — tries (Fimi) panel for non-ferrous LME, he said, “Most of the inven-
India‟s aluminium exports
are generating cash. metals, said Nalco had been selling tory has been tied up with financial
which likely to pick up within
aluminium at a premium of close deals, with less stock available for
the next two quarters, due to
to $90 a tone of late and expected physical delivery. Also, the de-
falling inventories at the Lon-
So, where do you see Videocon the trend to continue. Aluminium creasing stock shows signs of de-
Industries five years down the don Metal Exchange (LME) and
prices were hit due to the sover- mand growth from economies.”
revaluation of the Chinese yuan.
line? eign debt crisis in some European
We will be a large player in global
oil production and exploration —
with global assets of more than $4 Godrej To Convert Hyderabad IT SEZ Into Housing Project
billion — and power generation in
India with 2,400 MW in produc- The Godrej Group‟s realty arm, following the slowdown in the IT alternatively, an IT SEZ in Hy-
tion and another 2,400 MW in Godrej Properties (GPL), plans sector and some government regu- derabad. Currently, the company is
construction. This vision is based to convert its information tech- lations. We are looking at convert- developing two IT parks in Kol-
on what has been established on nology (IT) special economic ing our Hyderabad SEZ project kata‟s Salt Lake city, one of which
ground for us in energy today. We zone (SEZ) project in Hydera- into a residential one, most likely will be completed by this year-end.
have a „long‟ global view on en- bad into a residential one, a top catering to the mid-market seg-
GPL‟s profit for the first quarter
ergy. company official said. GPL had ment. We will not focus on SEZs
in 2010-11 has increased seven
bought over 34 acres in Hydera- as of now,” Godrej Chairman Adi
times to Rs 22 crore on the back
bad in 2006 to set up an SEZ, Godrej told reporters after the
How will you address competi- of impressive bookings in its resi-
keeping in view the then boom company‟s AGM.
tion in the telecom business? dential projects in Ahmedabad and
in the IT sector.
The Videocon brand is powerful The company earlier had plans to Kolkata, Godrej said.
and popular. We have gone to the “SEZs are no more lucrative build a six-million-sq-ft IT park or,
remotest areas in the country,
where multinationals have not
penetrated. So, it is easy for us to Dhoni Inks Rs 200-Cr Deal With Rhiti Sports
do the same in telecom as well,
because self marketing is our main Indian cricket captain Mahendra brand associations, corporate pro-
strength. Singh Dhoni has signed a whop- file, patents and digital rights, im-
ping Rs 200-crore endorsement ages, visibility on social network-
What is the rationale behind deal with a talent management ing sites and merchandise through
your attempts to acquire or company, surpassing Sachin a joint venture.
partner with foreign brands Tendulkar in the corporate con- Tendulkar's three-year deal with
tract sweepstakes. sports management firm Iconix,
such as Philips?
Dhoni has entered into a two- signed in 2006, was worth Rs 180
Consumers in India like interna-
year deal with Rhiti Sports Man- crore.
tional brands. With global brands
agement and Mindscapes, which Confirming the development, per the agreement, the company
coming here, we also have to offer
will manage the Indian skipper's Rhiti Sports General Manager will be looking after Dhoni's entire
similar products.
long list of endorsements and (Operations) Sanjay Pandey said as spectrum of endorsements.
Team Members: Sanjeev Chaudhary, Piyush Sharma, Varun Vats, Ankita Sachdeva, Jaya Sachan