26Nov 2018 by admin

Summary of the “The Depositories Act” – 1996

Business
The Depositories Act, 1996 provides for regulation of depositories in securities and for matters connected thereto. The Act which initially came into force as an ordinance viz. The Depositories Ordinance, 1995, was designed to provide a legal framework for establishment of depositories to record ownership details in book entry form.The Act also made consequential amendments in the Companies Act, 1956; the Securities and Exchange Board of India Act, 1992; the Indian Stamp Act, 1899; the Income tax Act, 1961; and the Benami Transactions (Prohibition) Act, 1988.The Depositories Act, 1996 provides a legal framework for establishment of depositories to facilitate holding of securities including shares in the demat form (electronic form) and to effect transfer of securities through book entry. Image Source: i.ytimg.com ADVERTISEMENTS: The Act establishes the depository system in…
Read More
26Nov 2018 by admin

9 Main Duties of Liquidator in Winding Up a Company in India

Law
9 Main Duties of Liquidator in Winding Up a Company in India are given below: 1. To conduct proceedings in winding up: The liquidator shall conduct the proceedings in winding up the company and perform such duties in reference thereto as the court may impose. The acts of the liquidator shall be valid, notwithstanding any defect that may afterwards be discovered in his appointment or qualifications (Sec. 457). Image Source: 185.26.182.219 2. To submit preliminary report: ADVERTISEMENTS: Immediately on the receipt of the Statement of Affairs from the directors and within six months after the date of the winding up order, liquidator shall submit to the court a preliminary report with regard to capital issued, subscribed and paid, the estimated amount of assets and liabilities, causes of the failure of…
Read More
26Nov 2018 by admin

How to Write a Beautiful Thank You Letter to Your Friend? – Answered!

Business
To (Name) (Address) (Date)Dear (Name),This is to thank you for your timely help. A friend in need is a friend indeed. I don’t have words to express my gratitude and can never forget the favour you have done by sending me ____________ (Amount) especially when I needed them the most. Without your kind consideration and crucial help, I would not have solved the crisis facing my business. ADVERTISEMENTS: Dear friend, rest assured, I shall leave no stone unturned to repay this amount at the earliest opportunity. Once again let me thank you profusely for your timely help and favour.With Best Wishes,Your Sincerely, (Your Name) Image Source: cdn.psychologytoday.com Sample Sentences A. Start by expressing thanks for the financial help: ADVERTISEMENTS: 1. Thanks for your money order received today.2. I have no…
Read More
26Nov 2018 by admin

What are the Constitutional Remedies to Control the Administra­tive Actions in India?

Construction
Art. 226 runs as follows:(1) Notwithstanding anything in Article 32 every High Court shall have power throughout the territories in relation to which it ex­ercises jurisdiction to issue to any person or authority, including in appropriate cases any Government, within those territories, directions, orders or writs, including writs in the nature of habeas corpus, man­damus, prohibition, quo warranto and certiorari, or any of them, for the enforcement of any of the rights conferred by Part III and for any other purpose. ADVERTISEMENTS: (1-A) The power conferred by clause (1) to issue directions, or­ders or writs to any Government, authority or person may also be ex­ercised by any High Court exercising jurisdiction in relation to the territories within which the cause of action, wholly or in part, arises for the exercise…
Read More
26Nov 2018 by admin

Sample Letter of Thanks for Winning in the Elections

Elections
Dear (Name),I am extremely thankful for your note of congratulations on my winning the ____________ elections. I hope I shall be able to fulfill the aspirations of the people of my constituency for which I would require the continued support of all my voters who have trusted me. ADVERTISEMENTS: It was good of you to take the time and trouble to write. I sincerely appreciate your support. Thank you.Yours sincerely, (Your Name) Image Source: modernukraine.eu Model Sentence 1. I thank you for those seven wonderful days at ____________ (Place Name).2. I shall always remember with gratitude the favour you did me. ADVERTISEMENTS: 3. Thank you ever so much for. . .4. You birthday gift was a fairy.5. I am overjoyed to acknowledge your congratulations on my promotion.6. Now that I…
Read More
26Nov 2018 by admin

Sources, Treatment, Manufacturing Process and Disposal of Cane Sugar Industry Effluents

Industry
Today, the sugar industry is the third largest industry in the country and ranks next only to the iron and steel, and cotton industries. The effluent from sugar industries contains a large amount of dissolved organic matter.This organic matter is readily decomposed by biological action. Consequently, discharge of these liquors to surface water causes serious damage to aquatic life. In India, there are about 314 sugar factories, of which 90 are in U.P. The statewide position is given in. Of about 4.1 million tonnes of sugar produced annually, 1.1 million tonnes are produced by Uttar Pradesh. Standards for Pollutants: The standards prescribed by the Uttar Pradesh Pollution Control Board, Bureau of Indian Standards, and some developed countries, e.g., the UK, USA, Japan and Switzerland. ADVERTISEMENTS: The variations in case of…
Read More
26Nov 2018 by admin

6 Clauses of the Memorandum of Association Under Section 13 of Companies Act

Languages
Memorandum of association must have the following clauses: 1. Name Clause: A Company is a legal entity. So, it must have a name to establish its identity. Name Clause in the Memorandum of Association confers protection against subsequent company registration in the same or closely similar name. It secures to the company de facto monopoly of corporate trading under a particular name. A company may have any name except: ADVERTISEMENTS: (a) A name which is identical with or which closely resembles the name of another company so as to deceive or mislead the prospective customer of one, trading with the other.(b) A name, which in the opinion of the Central Government is undesirable or will mislead the public and its use has been, therefore, prohibited by the Government under the…
Read More
26Nov 2018 by admin

2 Sample Letters regarding the Installation of a Separate Electric Meter

Essays
From (Name) (Address) (Date)To The District Engineer,Re: Installation of a separate meter under commercial tariff at my premises No. ____________ ADVERTISEMENTS: Dear Sir,Please be informed that I have let out a portion of my above premises to ____________ (Name) for conducting his commercial enterprise on long term lease. He has already completed all the necessary formalities, as required by you, for the purpose of getting a separate meter under commercial tariff installed at my above premises vide his letters on different dates, last letter being ____________(Date) .I regret to inform you that no action has yet been taken in installing the meter, although long time has already elapsed. It will be very much appreciated if you would please take immediate action in installing a separate meter at my above premises,…
Read More
26Nov 2018 by admin

4 Main Responsibilities of a Managerial Economist

Management
Let us now examine have can the Managerial Economist best serve the management. He can serve the management best when he recognizes and adher to his responsibilities towards the management. The main responsibilities of a managerial economist are the following: Responsibilities 1. To make reasonable profits on capital employed: He must have strong conviction that profits are essential and his main obligation is to assist the management in earning reasonable profits on capital invested by the firm.He should always help the management to enhance the capacity of the firm to earn profits. If he fails to discharge this responsibility then his academic knowledge, experience, expertise and business skill will be of no use to the firm. Image Source : retoolingcapitalism.com 2. Successful forecasts: It is necessary for the managerial economist…
Read More
26Nov 2018 by admin

7 Important Scopes of Managerial Economics

Accounting
Important scopes of managerial economics are given below:1. Demand analysis and forecasting.2. Cost and production analysis. ADVERTISEMENTS: 3. Pricing decisions, policies and practice.4. Profit management.5. Capital management.6. Analysis of business environment. ADVERTISEMENTS: 7. Allied disciplines.Now we discuss these in detail: 1. Demand analysis: A business firm is an economic organization which is engaged in transforming productive resources into goods that are to be sold in the market. ADVERTISEMENTS: A major part of managerial decision-making depends on accurate estimates of demand. A forecast of future sales serves as a guide to management for preparing production schedules and employing resources.It will help management to maintain or strengthen its market position and profit-base. Demand analysis also identifies a number of other factors influencing the demand for a product. Demand analysis and forecasting occupies…
Read More