News15th - 21 st nov
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Thursday, November 25, 2010
Sunday, November 14, 2010
News 7th 14th nov
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News 7th 14th nov
View more presentations from Gagan Deep Singh.
Saturday, November 6, 2010
Friday, November 5, 2010
Sunday, October 17, 2010
Sunday, October 10, 2010
Saturday, October 9, 2010
Role of a Company Director and Company Secretary
Directors are elected at the first annual meeting of shareholders and at each successive annual meeting for one-year terms .
The functions of directors involve a fiduciary duty to the corporation. Directors are in control of others' property and their powers are derived primarily from statute.
Directors are responsible for determining and executing corporate policy. For example, they make decisions regarding supervision of the entire enterprise and regarding products and services.
Liabilities of directors extend to both their individual and joint actions. A director who commits a tort against his or her corporation can be held personally liable.
Directors are bound by certain duties such as the duty to act within the scope of their authority and to exercise due care in the performance of their corporate tasks.
Removal of a director during the course of his or her term may occur for cause by shareholders or by the board itself if there is a provision in the bylaws or articles of incorporation that confers such power upon them. The removal of a director for cause is reviewable by a court. Many jurisdictions have put into effect statutes that concern the removal of directors with or without cause.
Directors are responsible for determining and executing corporate policy. For example, they make decisions regarding supervision of the entire enterprise and regarding products and services.
Liabilities of directors extend to both their individual and joint actions. A director who commits a tort against his or her corporation can be held personally liable.
Directors are bound by certain duties such as the duty to act within the scope of their authority and to exercise due care in the performance of their corporate tasks.
Removal of a director during the course of his or her term may occur for cause by shareholders or by the board itself if there is a provision in the bylaws or articles of incorporation that confers such power upon them. The removal of a director for cause is reviewable by a court. Many jurisdictions have put into effect statutes that concern the removal of directors with or without cause.
Company Secretary Providing advice on corporate governance issues is an increasingly important role for corporate secretaries. Many shareholders, particularly institutional investors, view sound corporate governance as essential to board and company performance. They are quite vocal in encouraging boards to perform frequent corporate governance reviews and to issue written statements of corporate governance principles. The Corporate Secretary is usually the executive to assist directors in these efforts, providing information on the practices of other companies, and helping the board to tailor corporate governance principles and practices to fit the board's needs and expectations of investors. In some companies, the role of the Secretary as corporate governance adviser has been formalized, with a title such as Chief Governance Officer added to their existing title.
The leadership of the Society came up with a list of personal and professional attributes of a successful Corporate Secretary. Among these "core competencies" are: understanding the company's business thoroughly; having a basic knowledge of corporate and securities law; demonstrating a "presence" and being able to back it up with solid communication skills
Thursday, October 7, 2010
Practicing Company Secretary
A member of the ICSI not in any employment is entitled to practice after obtaining a Certificate of Practice from the Institute.
Section 2(45A) of the Companies Act , 1956 defines the term ‘secretary in whole-time practice’ which means a secretay who shall be deemed to be in practice within the meaning of sub-section (2) of section 2 of the Company Secretaries Act, 1980.
Section 2(2) of the Company Secretaries Act, 1980 (hereinafter called the Act) provides that a member of the Institute shall be deemed to be in practice when, individually or in partnership with one or more members of the Institute in practice or in partnership with members of such other recognised professions as may be prescribed, does any of the following in consideration of remuneration received or to be received:
engages himself in the practice of the profession of company secretaries to, or in relation to, any company; or
(b) offers to perform or performs services in relation to the promotion, formation, incorporation, amalgamation, reconstruction, reorganisation or winding up of companies; or
(c) offers to perform or performs such services as may be performed by:
(i) an authorised representative of a company with respect to filing, registering, presenting, attesting or verifying any documents (including forms, applications and returns) by or on behalf of the company,
(ii) a share transfer agent,
(iii) an issue house,
(iv) a share and stock broker, a secretarial auditor or consultant, an advisor to a company on management including any legal or procedural matter falling under the Capital Issues (Control) Act, 1947
** the Industries (Development and Regulation) Act, 1951, the Companies Act, 1956, the Securities Contracts (Regulation) Act, 1956, any of the rules or bye-laws made by a recognised stock exchange, the Monopolies and Restrictive Trade Practices Act, 1969, the Foreign Exchange Regulation Act, 1973*, or under any other law for the time being in force,
(vii) issuing certificates on behalf of or for the purposes of, a company; or
(d) holds himself out to the public as a company secretary in practice; or
(e) renders professional services or assistance with respect to matters of principle or detail relating to the practice of the profession of company secretaries; or renders such other services as, in the opinion of the Council, are or may be rendered by a company secretary in practice
Wednesday, October 6, 2010
Reasons behind success of a person !!
They are willing to learn
They mix with the right people
They are great networkers
They have a dream.
They are great communicators
They are willing to share their knowledge
Main things to avoid
Sexual Temptations.
Faith Doubt/Conflict.
Unwanted Ego
Partners
Tuesday, October 5, 2010
Voluntary work can be fruitful - start a N.G.O.
Non Profitable Organisation
Volunteering for social work helps to cure boredom by utilising idle time constructively. It will also help you relate to peers and gain new perspectives in life due to the interaction with other people.
Volunteering for work helps to develop social skills. Person is forced to interact with other people and so, does not spend all time engaged in self-centric activities. A person who volunteers also get an opportunity to build networking skills.
Learn more about the cause
While choosing whom to support, it is better to pick a cause which is close to your heart. If everyone around you is donating to a particular cause, do not blindly follow them and do the same. After choosing your cause, do a little research on it and the organisation you will be donating to. Would you prefer to give your money to a global organisation or are you more passionate about the problems faced by the inhabitants of a particular region?
Volunteer your time
Many of us would love to donate money to a noble cause but we are constrained by our financial position. This does not mean you cannot be charitable. Using your talents and skills can be more fulfilling than simply donating money. It is also a great way to meet new people and actually be able to see how you can change a person's life
Monday, October 4, 2010
Saturday, October 2, 2010
How to become rich
- Start investing early.
- Do not touch the amount for a long time.
- Do not keep jumping from one investment instrument to another.
- Let the power of compounding work for you. It would have worked for your grand-dad, dad and you. If they knew it, great. If they did not, you can start the line. At least your grandchild will praise you for it.
- To see what it would have become over 500 years is fantasy. What it could have become over 150 is Ratan Tata
- Get cracking The key is to make your money work for you. Keeping your money in a savings bank account will not earn you that kind of interest. Despite occasional rises, interest rates in India are on a gradual decline.
So, let your money work for you. Amongst fixed return investments, the Public Provident Fund is a good option; it offers 8% per annum.The younger you are, the more you should invest in stocks because time is on your side to ride the lows of the stock market. Over time, stocks give the highest return when compared to other forms of investment.
How to become rich
- Start investing early.
- Do not touch the amount for a long time.
- Do not keep jumping from one investment instrument to another.
- Let the power of compounding work for you. It would have worked for your grand-dad, dad and you. If they knew it, great. If they did not, you can start the line. At least your grandchild will praise you for it.
- To see what it would have become over 500 years is fantasy. What it could have become over 150 is Ratan Tata
- Get cracking The key is to make your money work for you.
Keeping your money in a savings bank account will not earn you that kind of interest. Despite occasional rises, interest rates in India are on a gradual decline.
So, let your money work for you. Amongst fixed return investments, the Public Provident Fund is a good option; it offers 8% per annum.The younger you are, the more you should invest in stocks because time is on your side to ride the lows of the stock market. Over time, stocks give the highest return when compared to other forms of investment.
Friday, October 1, 2010
Reasons to be your own Financial Adviser?
I cannot afford financial advice
People often have this excuse that they cannot spare much money to save in the first place; affording a separate adviser on top of that is not their cup of tea. As a matter of fact, there are many financial products with which you do not pay anything extra, because you are already paying for their advice even without paying! I am referring to agents here. (Read about Commission agents earn here and here.) They receive commissions on the product by the company you bought or invested in. This goes to the people who often ask the agents only, to suggest any good investment scheme.
And the commission is financed out of the charges you pay for the product. The only advantage that you get with this is that the charges for the advice are split over the life of the product and you do not feel the pain. But actually you are paying. So, better look out for products that do not have huge commission structures built in or shout for a commission rebate. This will be a win-win situation for both you and the Agent (Financial adviser)
I am not wealthy enough to have an adviser
However large or small are the savings that you have, you have to invest wisely. What I think is, the smaller the amount that you have as savings, the safer you should be while investing and making the right financial decisions
while some are totally not as smaller the investment, smaller is the commission they get on the investments. since you cannot afford to make mistakes. Some of the financial advisers are even willing to give time to the smaller clients. Maybe they think that as they grow bigger, they will grow with them
Advisers are just pushy Sales People
Fraud from an adviser is a rare possibility but there are other ways in which an adviser can let you down. The commission system that we talked of in the Point 1 is a less ideal way to pay an adviser who is supposed to have your best interests at heart. What I mean by this is, there are in-built incentives for advisers to recommend products to you that generate commissions rather than those which do not. You benefit from that or not, that is a different story.I will save Money handling my own Finances
Whether you pay fees or your adviser receives commissions, it is true that you have to pay from your hard earned savings to your financial adviser. So, can you save that money by doing this job yourself?Simple way to Be a Better Entrepreneur
Think of a great idea
If a great idea comes to you, evaluate if it is realistic.
Think of cost, manufacturing time, and popularity.
Always be open to different ideas.
Ask and record if people would actually buy the product.
If you don't have an idea yet, it is a good start to think of your target market first.
Then brainstorm a list of things like places they shop, things they like, and things you like.
Narrow the list down to about three items, keeping cost, manufacturing time, and
popularity in mind. Find the easiest, most realistic product.
Or, think of a terrible idea.
Really, you can't tell if a business idea is great or terrible until you try it in a real marketplace.
Years later, the successful ideas are "obviously" good, but when they first began,
most people rejected them. Google is one of the most famous example
If a great idea comes to you, evaluate if it is realistic.
Think of cost, manufacturing time, and popularity.
Always be open to different ideas.
Ask and record if people would actually buy the product.
If you don't have an idea yet, it is a good start to think of your target market first.
Then brainstorm a list of things like places they shop, things they like, and things you like.
Narrow the list down to about three items, keeping cost, manufacturing time, and
popularity in mind. Find the easiest, most realistic product.
Or, think of a terrible idea.
Really, you can't tell if a business idea is great or terrible until you try it in a real marketplace.
Years later, the successful ideas are "obviously" good, but when they first began,
most people rejected them. Google is one of the most famous example
Sunday, September 26, 2010
Tips to trade in stock exchange
Stock charts are helpful tools needed by every stock market investor. These charts aim to help stock market players in their investments by showing them the graphical trends of a certain stock, mutual fund, or index they would like to put their money on. Like credit card application , free life insurance and auto insurance quotes, free stock charts can be availed of from different sources with the Internet being the first home of them all. With stock charts at hand, it is easy to decide whether to avail no fax payday loans or use small business credit cards and american express cards for irresistible investment offers.
Predicting the trends of the highly volatile stock market is always a challenge to experts. In fact, there are a lot of tools developed to accurately forecast the future of stocks. Stock charts are simply one of the many tools that are devised and are being continuously improved keep all investors informed. Even the auto insurance quotes, such as car insurance quotes are arrived at in accordance with the stock market status.
Predicting the trends of the highly volatile stock market is always a challenge to experts. In fact, there are a lot of tools developed to accurately forecast the future of stocks. Stock charts are simply one of the many tools that are devised and are being continuously improved keep all investors informed. Even the auto insurance quotes, such as car insurance quotes are arrived at in accordance with the stock market status.
Thursday, September 23, 2010
Tuesday, September 21, 2010
International Culture
When a meeting is scheduled with people from other cultures, it’s wise to be cognizant of that culture’s protocol. To establish a professional tone for the meeting and make a good first impression, become familiar with the standard greeting for the country, or the cultural group within the country, you will be meeting.
Men are safe in extending a hand to another man. However, the rules may change when a man greets a woman; or a woman greets a man, or even another woman.
Traditional greeting in India is namaste -place the hands in a praying position, palms together with the fingers just beneath the chin, bow and say namaste
- Traditional greeting in Thailand places the hands, palms together, in front of the chin, bow the head to touch the top of the fingers, and say Sawasdee - the word that means “Good Luck”
- Women may greet other women by patting the right forearm or shoulder in Chile, Costa Rica, El Salvador, Honduras, Mexico, Nicaragua, or Panama
- Countries with Hindu and Muslim religions forbid public contact between men and women. When in these countries, follow your host’s cue to determine if religious tradition will be followed.
Men are safe in extending a hand to another man. However, the rules may change when a man greets a woman; or a woman greets a man, or even another woman.
Traditional greeting in India is namaste -place the hands in a praying position, palms together with the fingers just beneath the chin, bow and say namaste
- Traditional greeting in Thailand places the hands, palms together, in front of the chin, bow the head to touch the top of the fingers, and say Sawasdee - the word that means “Good Luck”
- Women may greet other women by patting the right forearm or shoulder in Chile, Costa Rica, El Salvador, Honduras, Mexico, Nicaragua, or Panama
- Countries with Hindu and Muslim religions forbid public contact between men and women. When in these countries, follow your host’s cue to determine if religious tradition will be followed.
Thursday, September 16, 2010
A Beginner’s Overview of FOREX (Foreign Exchange) Trading.
Beginners to the world of investing are confronted with a plethora of choices regarding the types of things worthy of investment, as well as the style by which these things are bought and sold. Investors generally fall into two types, the ones who prefer a “buy-and-hold” strategy and those that wish a more active trading experience.
Active traders buy and sell stocks, commodities and currencies and may even dabble in the options and futures markets from time to time. One of the most popular active trading fields in the last decade has been foreign currency, or forex, trading. The flexibility and liquidity of the world’s largest global market is appealing to many, and the Internet has made accessibility available in real time for even the smallest of individual investors.
As there are beginners’ guides for investing for stocks, there are similar tutorials on the Internet for aspiring forex traders. After learning a bit about the profession, the next step is to enroll in a qualified training class to learn the “in’s and out’s” of the trade. As with any other performance-based pursuit, an amateur needs to observe the actions of a professional and learn how he became successful. Your chosen expert will teach you about forex charts and how important they are in guiding you through the maze of pricing movements that appear on your trading screen. Indicators will help you discern trends and indicative patterns that suggest the right time to consider buying or selling.
You will also learn that currencies come in pairs and represent the relative value that the market is assigning to each country’s fundamental economic factors. For example, there is uncertainty in the present market as to whether the European Union has the will and the power to respond effectively to the debt crisis in Greece and other European member states. This “fundamental” fact has caused the Euro to weaken related to most all other currencies, as evidenced by the “technical” action observed in respective forex charts. Staying current on fundamental facts that could affect the currency pairs of your choice will be a priority effort that you will have to perform. Knowing where and how to access useful data is key to effective trading.
However, the most important part of your training will involve your spending hours honing your trading skills on a “free” forex demo account. Your “virtual” currency will be used with real data to create a “what if” trading experience. You learn to develop a trading strategy, execute it in a disciplined fashion, which means keeping your emotional involvement in check, and see the results accumulate over time.
Foreign exchange trading is a risky business, and most all of early failures are due to novice traders not putting in the required practice time. Eagerness and impatience will doom you from the start. Six months is not too short a training period, and many successful traders have put in over a year of practice to gain the confidence and consistency necessary to achieve the results they desire. NO Shortcuts Allowed, (Emphasis Added!)!
A few words are also appropriate regarding investment fraud. The criminal element is well trained, and has invaded the world of forex, primarily because of the popularity of forex trading. Always deal with a bank and broker on-shore that you know and trust. Beware of unsolicited offers received via email or any other medium. Crooks know how to deceive. They have had years to perfect their art form. Studies show that educated people are the most susceptible to scam artists, so you have to be your first and last line of defense. Be alert, be safe, and if it sounds too good to be true, walk the other way!
For anyone to be successful at financial planning and investing, preparation, knowledge, experience and control of one’s emotions are paramount to achieving that desired outcome. Staying alert for potential fraudsters is also a necessary task in today’s Internet world where business partners are invisible. Once these activities are mastered, forex trading can actually be fun for a trader with an active spirit and will to succeed, and it can also be a rewarding experience at the same time.
Active traders buy and sell stocks, commodities and currencies and may even dabble in the options and futures markets from time to time. One of the most popular active trading fields in the last decade has been foreign currency, or forex, trading. The flexibility and liquidity of the world’s largest global market is appealing to many, and the Internet has made accessibility available in real time for even the smallest of individual investors.
As there are beginners’ guides for investing for stocks, there are similar tutorials on the Internet for aspiring forex traders. After learning a bit about the profession, the next step is to enroll in a qualified training class to learn the “in’s and out’s” of the trade. As with any other performance-based pursuit, an amateur needs to observe the actions of a professional and learn how he became successful. Your chosen expert will teach you about forex charts and how important they are in guiding you through the maze of pricing movements that appear on your trading screen. Indicators will help you discern trends and indicative patterns that suggest the right time to consider buying or selling.
You will also learn that currencies come in pairs and represent the relative value that the market is assigning to each country’s fundamental economic factors. For example, there is uncertainty in the present market as to whether the European Union has the will and the power to respond effectively to the debt crisis in Greece and other European member states. This “fundamental” fact has caused the Euro to weaken related to most all other currencies, as evidenced by the “technical” action observed in respective forex charts. Staying current on fundamental facts that could affect the currency pairs of your choice will be a priority effort that you will have to perform. Knowing where and how to access useful data is key to effective trading.
However, the most important part of your training will involve your spending hours honing your trading skills on a “free” forex demo account. Your “virtual” currency will be used with real data to create a “what if” trading experience. You learn to develop a trading strategy, execute it in a disciplined fashion, which means keeping your emotional involvement in check, and see the results accumulate over time.
Foreign exchange trading is a risky business, and most all of early failures are due to novice traders not putting in the required practice time. Eagerness and impatience will doom you from the start. Six months is not too short a training period, and many successful traders have put in over a year of practice to gain the confidence and consistency necessary to achieve the results they desire. NO Shortcuts Allowed, (Emphasis Added!)!
A few words are also appropriate regarding investment fraud. The criminal element is well trained, and has invaded the world of forex, primarily because of the popularity of forex trading. Always deal with a bank and broker on-shore that you know and trust. Beware of unsolicited offers received via email or any other medium. Crooks know how to deceive. They have had years to perfect their art form. Studies show that educated people are the most susceptible to scam artists, so you have to be your first and last line of defense. Be alert, be safe, and if it sounds too good to be true, walk the other way!
For anyone to be successful at financial planning and investing, preparation, knowledge, experience and control of one’s emotions are paramount to achieving that desired outcome. Staying alert for potential fraudsters is also a necessary task in today’s Internet world where business partners are invisible. Once these activities are mastered, forex trading can actually be fun for a trader with an active spirit and will to succeed, and it can also be a rewarding experience at the same time.
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