for Issue of Bonus Shares: A Company may issue bonus shares without obtaining prior approval but only after a period of 12 months after a public/rights issue and after safeguarding the rights of fully convertible and partly convertible debentures falling due for conversion within 12 months from the date of bonus issue. A bonus issue should take into consideration the future earning potential of the company‚ to conserve liquid reserves and to utilise reserves for issuing shares to make paid-up capital
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Below are the different types of share capital of a company:- Preference Shares‚ Ordinary Shares‚ Deferred Shares‚ Redeemable Shares and Share Warrants to Bearer. Preference Shares are shares which normally entitle the shareholders a priority to receive a fixed rate of dividend out of the profits of the Company (current year only) per annum. Different classes of preference shares may exist. Preference shares are usually cumulative and non-participating. They cannot participate to further
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The prevailing trend of share/capital market has a direct impact on banking stability – evaluate the statement This paper explains the workings of a stock market as well as its effects on a country’s economy. The main point of this paper of to prove that the volatility of a country’s capital market can have a negative effect on banking stability of a country. The fall of a country’s capital market could mean the demise of the country’s banking sector as well. Basic Explanation of the Stock Market
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the new shares to publics at $38‚ but right now the commission fee is $3‚ and the market price is $39‚ but the investment banker believe that the price will drop to $38 and the commission fee is $2 per share subscribed. To capitalize exact 20millions dollar‚ Art Deco reproductions need to issue 556‚000 new shares in total. And the stock price will drop slightly. And the company need to pay the investment banker $1‚112‚000 for the commission fees. There are some advantages selling shares to public
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1. Division of shares in a class into further classes – s 246C(1): * If the shares in a class of shares are divided into further classes‚ and after that happens the rights attached to all those shares are not the same then the division is taken to vary the rights attached to every share that was in the class existing before the division. 2. Variation of rights attached to some of the shares in a class – s 246C(2): * If the rights attached to some of the shares in a class are varied
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ABSTRACT: This study scrutinize the impact of right issue on earning per share and market price per share during 2009-10 of 10 public limited companies listed on Bombay Stock Exchange. Right shares are those shares which are issued to existing shareholders. According to section 81 of Indian company act 1956‚ “Company can issue right shares only after the two years of creation of company or one year of first issue of shares whichever is earlier." The result divulges that EPS of 2 companies out
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exercised. First‚ corporations must hold periodic elections to select directors‚ usually once a year‚ with the vote taken at the annual meeting. Frequently‚ one-third of the directors are elected each year for a 3-year term. Each share of stock has one vote‚ so the owner of 1‚000 shares has 1‚000 votes for each director. Stockholders can appear at the annual meeting and vote in person‚ but typically they transfer their right to vote to another party by means of a proxy. Management always solicits stockholders’
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ARTICLES OF ASSOCIATION of the Corporation (Société Anonyme) under the name DUTY FREE SHOPS S.A. having its registered office in Aghios Stefanos‚ Attica‚ Company Reg. No. 14216/06/B/86/06 SECTION I NAME – OBJECT – REGISTERED OFFICE – TERM – SHARE CAPITAL Article 1 Name The name of the company is “DUTY FREE SHOPS AND INDUSTRIAL‚ MANUFACTURING‚ TECHNICAL AND BUSINESS COMPANY S.A.”. For its international business the name of the company shall be used in faithful translation into the respective language
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would have synergies that come from cost cutting and revenue increase. They estimate a $ 370 million annual saving after the consolidation of the overlapping routes and closing of unprofitable ones. In the revenue side‚ they expect to steal market share both from the trucks and Norfolk Southern which will have an annual impact on EBIT of $ 180 million. The DCF valuation led to a value of $11.2 billion and the transaction multiples to a value of $10.8 billion. The proposed bid of $8.3 billion made
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are as follows: Option 1: All cash deal financed by issuing 20-year 10% coupon bonds taxable in nature Option 2: Issuance of optionally convertible Weston stock paying dividend @ $ 2 per share Option 3: Stock for stock deal Under option1‚ the deal size of $58.50 mn values Fisher Corporation at $32.50 per share. The deal is taxable and a capital gains tax @ 28% is applicable on the same. From the shareholder point of view‚ the deal presents a good exit opportunity at a reasonable premium to the
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