Sunday, October 13, 2019
The Importance of Language in Clare Rossini’s Final Love Note and Louis
The Importance of Language in Clare Rossini’s Final Love Note and Louise Gluck’s Mock Orange Love is such an abstract concept for the human mind to figure out. Along with the love of a mother for her child, there are many types of sensual love or brotherly love; friendship is frequently described as a type of love, as well. This abstraction can also be distorted and made to fit into categories that would normally be associated with negativity and abuse not "love." Think of why a woman will continually go back to an abusive spouse with the irrational reason that "he loves me." If he loved you, he wouldn't beat you†¦Would he? In a poem, the confusion seems only to extend, as writers will describe a beautiful event that is tainted by a bad experience or emotion. In this manner, word choice plays a primary role in determining the actual meaning of the poem. Clare Rossini, in her poem entitled "Final Love Note" and Louise Gluck, in her poem "Mock Orange," both use carefully chosen language to portray different aspects of the concept that we, in individual and often irrationa l ways, use to explain "love." These particular writers use words of love and hate to explain extremely passionate feelings toward their personal relationships-and nature, an elm tree, and a Mock Orange bush, to be exact. Clare Rossini's ", Final Love Note," reflects a depth of emotion that, on the surface, is directed towards an elm tree that has died and must be cut down. She opens the poem describing an intensely intimate state in a relationship, and it is her word choice that reflects deeper into her love, than merely sadness due to the loss of a tree. "For months we've been together, hardly wanton,/ never touching. Yet your shade commingled/ with my clot... ...n the world?" (lines 21-24). Although Gluck and Rossini write of separate experiences and emotions related to both love and plants, their word choice is what keys the reader in to their meaning. By evaluating the language usage of a poet, a reader comes to appreciate the careful planning and preparation that goes into each poem of value. These writers know each of the meanings and definitions of the words that they chose, and as we have seen with Gluck, and especially Rossini, that choice has a great impact on how a reader will relate to the poems. With such abstract concepts as love and intimacy, it is the word usage that a writer must rely upon to convey the appropriate message. Sources Cited Gluck, Louise. Mock Orange Available at http://www.geocities.com/bjlandry_00/Otherwriters/gluckmockorange.html Rossini, Clare. Final Love Note Class Handout
Saturday, October 12, 2019
World War Two Essay -- WWII World War 2 Essays
World War Two On June 18, 1812, President Madison of the United States and Congress declared war on Great Britain. On June 25, the French emperor, Napoleon Bonaparte led his army in Europe across the Nieman River into Russia.(1) Although these two events were thousands of kilometers apart they were directly connected to each other. To some extent, the Americans declared war in protest against measures that were part of Britain's effort to defeat Napoleon with the use of blockades. There are many interesting aspects to the War of 1812, including the fact of why it even happened. Britain and the United States had more reasons to remain friends than to start a war. The intent of this essay is to examine American and British objectives during this war, and despite the Treaty of Ghent, conclude Canadians won the War of 1812. Britain, in their eagerness to starve out France, set up a series of blockades along the European coast.(2) These blockades sought to exclude neutral ships from trading with France and her Allies. The very powerful British Royal Navy would search American vessels, most times within sight of land. British deserters provided England with the excuse it needed to search American ships at sea. Desertions were commonplace in the Royal Navy, harsh treatment and punishments were a way of life to British seamen. In comparison, crews on American merchant vessels enjoyed much better treatment, lots of food, good pay and above all, limited punishment. Royal Navy boarding parties arbitrarily selected deserters who, for their crimes were whipped, strung up by the yardarm or keelhauled.(3) As a bonus, the British impressed, kidnapped would be a better word, the most fit and healthy among the American crews into the Royal Navy, and in most cases seized the cargo. Facing well armed British warships, American merchant ships were powerless to resist and were sometimes captured outright. This treatment of American people and vessels at sea would not go unnoticed by the newly formed colonies of the United States. In his speech to congress June 1,1812 President Madison anger at the British Royal Navy and their tactics on the open seas, was very apparent "Thousands of American citizens under the safeguard of public law and the national flag      have been torn from their country and everything dear to them... Against this crying enormity, which Great Brit... ...ton, Flames Across The Border, p.224-5 43.     Ibid., p.225 44.     Ibid., p.226 45.     Ibid., p.227 46.     Stanley, 1812 Land Operations, p.260 47.     Ibid., p.261 48.     Ibid., p.268 49.     Berton, Flames Across The Border, p.40 50.     Ronald Way, "The Day of Chrysler's Farm,"      Canadian Geographic Journal (June,1961) p.216 51.     Berton, Flames Across The Border, p.283 52.     Stanley, 1812 Land Operations, p.340 53.     Ibid., p.377 54.     Ibid., p.338 55.     Ibid., p.381 56.     Ibid., p.393 57.     Glen Frankfurter, Baneful Domination (Ontario, 1971) p.113-4 58.     Morton, Military History. p.70 59.     Berton, Flames Across The Border. p.405 60.     Richard Gwyn, The 49th Paradox Canada in North America (Toronto, 1985) p.22 61.     Frankfurter, Baneful Domination. p.113-4 62.     Berton, Flames Across The Border. p.22-3 63     C.P. Stacey, "The War of 1812 In Canadian History."      Ontario History (Summer 1958) p.154-5 64.     Arthur Campbell Turner, The Unique Partnership Britain and The United States      (New York, 1971) p.33 65.     Robert Craig Brown and S.F. Wise, Canada Views The United States      (Washington, 1967) p.42
Friday, October 11, 2019
KeepCup Analysis
KeepCup Company is an Australia private company, who are working in exporting reusable cups. KeepCup head office, which in Melbourne is recently exploring for the feasibility of introducing their product overseas to German. This business report provides a business analysis and consideration about the external environment in German. The purpose of this business report is to facilitate KeepCup in order to help the company to make decision for expanding their product exporting to German.The observation will go through on the political, economic, socio-cultural, technological and legal environment of German. Besides reporting the environment condition in German, this report provide analysis about the external environment in relation to KeepCup. In addition, this business report will highlight the strengths, weaknesses, opportunities and threats according to the external environment in German related to KeepCup. The recommendations on the suitableness of this expansion will be based on th e SWOT analysis.The report found that expanding the product distribution to German is a good decision. The opportunities regarded to German’s external environment supersede the threats. The rapid growth in modern technology, highly economic growth, the socio-culture, also the political environment in German can be a convenience way for the company to operate in German. Also the similarity between Labor and Business Law in German and Australia are considered as opportunities for KeepCup.The threat is contrasted in the some differences in socio-culture. However, it is recommended that KeepCup expand their business to German by exporting their reusable cups because of these findings regarding the strengths, weaknesses, opportunities and threats for expanding to German. This business report will provide relevant and empirical information on the political, economic, sociocultural, technological and legal environments through out SWOT analysis that impact KeepCup for expanding thei r business to German.2. Political Environment Political Environment consists of the government system, stability, government relation and certain political policies. (Bartol and Martin 1998, 71)2.1. Government StabilityGerman has been using democracy ideology from over 60 years ago. This makes a recently, democratic lifestyle and culture is embodied and implemented by every citizen in German (Make It In Germany 2013. The supreme authority in German is divided into 16 Là ¤nder and one central state. This kind of political government defined as a Democratic Federalist. Moreover, the stability of the government of German provides a suitable place for operating a business.2.2. Government RelationInternational relation is important for a big nation such as German. German has been joining six different international organization, which are European Union (EU), United Nation (UN), North Atlantic Treaty Organization (NATO), OSCE, World Trade Organization (WTO) and International Monetary Fu nd (IMF). There are two organizations, which are maintaining about trading relationship and the economic stability, WTO and IMF. With joining these two organizations, German has a good relation in politic issue particularly in the foreign or international trade. German has been joining WTO since 1995, this makes recently German opens their economic for foreign investment (Tatsachen Ueber Deutshland 2013).2.3. AnalysisAccording to the stability of the government of German, also the friendly and global political relationship, German is a good place to open a business. These two Political Environment characteristics provide an opportunity for KeepCup because German has a suitable Political Environment for opening business.3. Legal EnvironmentLegal Environment contrasts about two major laws, business law and labor law (Bartol and Martin 1998, 71).3.1. Business LawGerman has a low level of corruption. This country ranks 13th within least corruption country based on the Corruption Percept ions 2012 (Transparancy International 2012). Open international businesses in German are free from teething restriction in the daily business. Overall, the business law in German creates no different or contrast between the local company and foreign company investment or the established company. Moreover, the reliable laws make the companies able to plan their investments in the effective way (Germany Trade and Invest 2013).Apart from it, the business law in Australia has their own Guidelines and effective and consistent decision. The aim of government regarding to the Guidelines is to give a positive impact to the business conduct for companies in Australia (Australian Government 2011). Similar with German, Australia also categorized as one of the world least corruption by 2012 (Transparancy International 2012). Australian Government is concerned about corruption. Moreover, people in Australia also considered corruption as a harmful action for the environment (Bowman and Gilligan 2 009, 438-452)3.2. Labour LawThere are three main points according to similarity of the Labor Law in German and Australia. First of all, the legal working time for employee in German is eight hours per day (Liliane Jung 2011). Compared with Australia, which is eight hours per day, both countries have the same legal working hour (Work Place Info 2012). Secondly, the minimum working age in German are strictly applied by the government for employees in German. Hiring children for working, is forbidden by the law as stated in the YWPA (Young Workers Protection Act).Children under 15 years old are not allowed to work (Liliane Jung 2011). The legal age for working in Australia is also above 15 years old (Lawstuff 2010). This makes there is no different between the legal working age in German and Australia. Thirdly, the working conditions in German are considered as a safe and obligated working environment. The companies in German have a great liability for a particular large social and com munity. In order to improve the working conditions in German, health and safety are considered (Encyclopedia of The Nation 2012). Same with the working conditions in Australia, health and safety are required by the government as stated in National Employment Standards (NES) (Australian Government 2009).3.3. AnalysisAccording to the similarity about the Business Law and Labor Law in German and Australia, both of the laws provide good opportunities for KeepCup in order to expand their business to German. KeepCup can be easily adapted to the Germany Laws and regulations because they don not need to totally adapt with the laws in German.4. Economic Environment Economic environment includes the stability of business cycle, exchange rate and economic trends which include economic trends and growth (â€Å"The Business and The Technological Environment†2008, 58-80).4.1. Inflation RateIn July 2013, the inflation rate of Germany is at 1.92 percent. Since 1950, the inflation rate of Germany has been fluctuating with average rate at 2.49 percent until 2013. With this percentage of inflation rate, German can be considered as a good place for investment. The current inflation rate shows that the economic condition in German is in a good condition (Trading Economics 2013).4.2. Economic Trends and GrowthGerman is one of the heavily export countries in world (Trading Economics 2013). Since 10 years ago, the GDP of German has been fluctuating. From 2004 till 2008, the GDP of Germany was in positive number. Then in 2008 until 2010, there was an extreme decrease in the GDP of German which reached a peak at approximately -4.0. However, since 2010, the GDP of German has been going fluctuate at the positive number. Apart from it, recently the government of German is trying to maintain stability of GDP of Germany in the positive number. So, it can be a good condition for foreign investment in German, because they can make more profits if the economic condition in German gr owth (Randow 2013).4.3. AnalysisIn conclusion, both the inflation rate of German and also the economic trends and growth in German can be a good opportunities for foreign company to invest in German, particularly for KeepCup to expand their business to German.5. Socio-cultural EnvironmentSocio-cultural environment shows how the values of society influenced the working conditions (The Hofstede Centre 2013).5.1. The Cultural Dimension of Hofstede (The Hofstede Centre 2013)5.1.1. Power DistanceAustralia and German have a similar index of Power Distance. Both countries are considered as Low Power Distance countries. This culture creates a good leadership style between the managers and employees. Participative and democratic leadership are suitable for these two countries. Decentralized decisions making creates a good collaboration between team members and the leader.5.1.2. Individualism vs CollectivismAlthough the Individualism Index of Australia and German is slightly different, but bo th countries are considered as individualism country. Australia is more individualistic than German, it is considered as highly individualism country. Here people are more focused on their self-skills and individual performances. Moreover, Germany people are slightly more prefer to work as a team rather than working as an individual because the individualism in German is not as high as in Australia.5.1.3. Masculinity and Femininity Both Germany and Australian are considered as masculine. From the business point of view, people in both countries are more focus on performance in working and always try to do the best. Furthermore, with the masculine culture both people from these two countries are considered as hard worker.5.1.4. Uncertainty AvoidanceAustralia and German have different level of uncertainty avoidance. Germany can be considered as High Uncertainty Avoidance, whereas Australian is medium uncertainty avoidance. With the certain laws and legal policies in German, shows that Germany want to creates certainty by providing details and avoid risks. In contrast, Australian likes to try new things. People sometimes like to take a risk for creating a strategy.5.1.5. Term of OrientationGerman and Australia have the same term of orientation which is Short Term Orientation. In business point of view, both countries are using fast strategy and have a measureable payback. They also make a decision based on the recent condition. Logical thinking is using more than reach the consensus.5.2. AnalysisThere are three similarities and two differences between Germany and Australian socio-cultural based on Hofstede Cultural Dimensions. Germany and Australian have the similarities in Power Distance, Masculinity and Term of Orientation. In contrast, German and Australian have the differences in individualism and uncertainty avoidance. However, these socio-cultural dimensions can be opportunities for Keepcup to invest in German, because the similarities are outweigh the diff erences.6. Technological EnvironmentThe technological environment reflects the current technological infrastructure and communication technology (Mosley, Pietri, and Megginson 1996, 82)6.1. Technological Infrastructure German is going fast in improving their infrastructure since last decade. Based on Germany Trade and Invest, now German is the second best quality of infrastructure in the world, because German has some good logistic infrastructures. First of all, is the Port of Hamburg which the second largest port container in the world. Secondly, are the over 250 inland ports which are providing an efficient logistic distribution. Lastly, is the Frankfurt Airport which is the world seventh largest cargo airport and ninth largest passenger airport (Germany Trade and Invest 2011). These three logistic infrastructures creates a good opportunities and simplicities for foreign company to distribute their products to German.6.2. Communication NetworkCompared with Australia, German also h as an ultra high speed internet with fiber optic network and also wide range of mobile coverage. These modern communication network make the economic transactions and communications to national segment or even international segment easier and more efficient. (SAG Germany 2013).6.3. AnalysisThe sophisticated technology infrastructure and communication network in German provide an opportunities for KeepCup to do investment in German. The simplicity of the logistic distribution makes KeepCup easily to distribute their product among German. Moreover, the wide coverage area for communication network in German provides and easy way to communicate between customer to the company or company to company.ConclusionsBased on the SWOT analysis above, is highly recommended for KeepCup to expand their business to Germany. The strengths of KeepCup are greater than their weakness. This condition makes KeepCup can be easily to invest in German in this period of time. Moreover, it also supported by th e opportunities that extremely overcome the threat that KeepCup will encounter. Is highly recommended for KeepCup to start their investment to German first of all with looking for certain local cafà © to cooperate with them regarding to sell their reusable cups.9. Recommendations According to the weaknesses and the threat analysis, KeepCup will not be impacted with their weaknesses and threat in German. This happened because the strengths are overcome the weaknesses of KeepCup and the opportunities for KeepCup are outweigh the threat that the company will contend. These conditions provide three recommendations for KeepCup according to their plan to expand their business to German:1. KeepCup should expand their business in this period of time.2. KeepCup have to eliminate the weakness overcoming them with their strengths.3. KeepCup need to avoid the threats by outweighing them with their opportunities.
Thursday, October 10, 2019
Project on Demat Account
The term Demat, in India, refers to a dematerialised account. For individual Indian citizens to trade in listed stocks or debentures. The Securities Exchange Board of India (SEBI) requires the investor to maintain a Demat account. In a demat account shares and securities are held in electronic form instead of taking actual possession of certificates. A Demat Account is opened by the investor while registering with an investment broker (or sub broker). The Demat account number which is quoted for all transactions to enable electronic settlements of trades to take place.Access to the demat account requires an internet password and a transaction password as well as initiating and confirming transfers or purchases of securities. Purchases and sales of securities on the Demat account are automatically made once transactions are executed and completed. | | Advantages of Demat The demat account reduces brokerage charges, makes pledging/hypothecation of shares easier, enables quick ownership of securities on settlement resulting in increased liquidity, avoids confusion in the ownership title of securities, and provides easy receipt of public issue allotments.It also helps you avoid bad deliveries caused by signature mismatch, postal delays and loss of certificates in transit. Further, it eliminates risks associated with forgery, counterfeiting and loss due to fire, theft or mutilation. Demat account holders can also avoid stamp duty (as against 0. 5 per cent payable on physical shares), avoid filling up of transfer deeds, and obtain quick receipt of such benefits as stock splits and bonuses. Indian Market ScenarioIndian capital market has seen unprecedented boom in its activity in the last 15 years in terms of number of stock exchanges, listed companies, trade volumes, market intermediaries, investor population, etc. However, this surge in activity has brought with it numerous problems that threaten the very survival of the capital markets in the long run, most of whic h are due to the large volume of paper work involved and paper based trading, clearing and settlement. Until the late eighties, the common man kept away from apital market and thus the quantum of funds mobilized through the market was meager. A major problem, however, continued to plague the market. The Indian markets were drowned in shares in the form of paper and hence it was problematic to handle them. Fake and stolen shares, fake signatures and signature mismatch, duplication and mutilation of shares, transfer problems, etc. The investors were scared and were under compensated for the risk borne by them. The century old system of trading and settlement requires handling of huge volumes of paper work.This has made the investors, both retail and institutional, wary of entering the capital market. However, lack of modernization become a hindrance to growth and resulted in creation of cumbersome procedures and paper work. However, the real growth and change occurred from mid-eightie s in the wake of liberalization initiatives of the Government. The reforms in the financial sector were envisaged in the banking sector, capital market, securities market regulation, mutual funds, foreign investments and Government control.These institutions and stock exchanges experienced that the certificates are the main cause of investors` disputes and arbitration cases. Since the paper work was not matching the rapid growth so there was a need for a better system to ensure removal of these impediments. Government of India decided to set up a fully automated and high technology based model exchange that could offer screen-based trading and depositories as the ultimate answer to all such reforms and eliminate various bottlenecks in the capital market, particularly, the clearing and settlement system in stock exchanges. 1] A depository in very simple terms is a pool of pre-verified shares held in electronic mode which offers settlement of transactions in an efficient and effective way. Object Of Demat System India has adopted this system in which book entry is done electronically. It is the system where no paper is involved. Physical form is extinguished and shares or securities are held in electronic mode. Before the introduction of the depository system by the Depository Act, 1996, the process of sale, purchase and transfer of shares was a huge problem and the safety perspective was zero.Demat Benefits The benefits are enumerated as follows: . Its a safe and convenient way to hold securities . Immediate transfer of securities is there . There is no stamp duty on transfer of securities . Elimination of risks associated with physical certificates such as bad delivery, fake securities, delays, thefts etc. . There is a major reduction in paperwork involved in transfer of securities,reduction in transaction cost etc. . No odd lot problem, even one share can be sold thus there is advantage .Change in address recorded with DP gets registered with all companies in which investor holds securities electronically eliminating the need to correspond with each of them separately; †¢ Transmission of securities is done by DP eliminating correspondence with companies; †¢ Automatic credit into demat account of shares, arising out of bonus/split/consolidation/merger etc. †¢ Holding investments in equity and debt instruments in a single account. Benefit to the Company The depository system helps in reducing the cost of new issues due to less printing and distribution cost.It increases the efficiency of the registrars and transfer agents and the Secretarial Department of the company. It provides better facilities for communication and timely services with shareholders, investor etc. Benefit to the Investor The depository system reduces risks involved in holding physical certificated, e. g. , loss, theft, mutilation, forgery, etc. It ensures transfer settlements and reduces delay in registration of shares. It ensures faster communication to investors. It helps avoid bad delivery problem due to signature differences, etc. It ensures faster payment on sale of shares. No stamp duty is paid on transfer of shares.It provides more acceptability and liquidity of securities. Benefits to Brokers The depository system reduces risk of delayed settlement. It ensures greater profit due to increase in volume of trading. It eliminates chances of forgery – bad delivery. It increases overall of trading and profitability. It increases confidence in investors. Demat conversion Converting physical holding into electronic holding (dematerialising securities) In order to dematerialise physical securities one has to fill in a DRF (Demat Request Form) which is available with the DP and submit the same along with physical certificates one wishes to dematerialise.Separate DRF has to be filled for each ISIN Number. The complete process of dematerialisation is outlined below: †¢ Surrender certificates for dematerialisation to your de pository participant. †¢ Depository participant intimates Depository of the request through the system. †¢ Depository participant submits the certificates to the registrar of the Issuer Company. †¢ Registrar confirms the dematerialisation request from depository. †¢ After dematerialising the certificates, Registrar updates accounts and informs depository of the completion of dematerialisation. †¢ Depository updates its accounts and informs the depository participant. Depository participant updates the demat account of the investor. Demat Options Banks score over others Around 200 â€Å"depository participants†(DPs) offer the demat account facility. A comparison of the fees charged by different DPs is detailed below. But there are three distinct advantages of having a demat account with a bank  quick processing, accessibility and online transaction. Generally, banks credit your demat account with shares in case of purchase, or credit your savi ngs accounts with the proceeds of a sale on the third day. Banks are also advantageous because of the number of branches they have.Some banks give the option of opening a demat account in any branch, while others restrict themselves to a select set of branches. Some private banks also provide online access to the demat account. So, you can check on your holdings, transactions and status of requests through the net banking facility. A broker who acts as a DP may not be able to provide these services. Fees Involved There are four major charges usually levied on a demat account: Account opening fee, annual maintenance fee, custodian fee and transaction fee. All the charges vary from DP to DP. Account-opening feeDepending on the DP, there may or may not be an opening account fee. Private banks, such as HDFC Bank and UTI Bank, do not have one. However, players such as ICICI Bank, Globe Capital, Karvy Consultants and the State Bank of India to do so. But most players levy this when you re -open a demat account, though the Stock Holding Corporation offers a lifetime account opening fee, which allows you to hold on to your demat account over a long period. This fee is refundable. Annual maintenance fee This is also known as folio maintenance charges, and is generally levied in advance. Custodian feeThis fee is charged monthly and depends on the number of securities (international securities identification numbers  ISIN) held in the account. It generally ranges between Rs 0. 5 to Rs 1 per ISIN per month. DPs will not charge custody fee for ISIN on which the companies have paid one-time custody charges to the depository. Transaction fee The transaction fee is charged for crediting/debiting securities to and from the account on a monthly basis. While some DPs, such as SBI, charge a flat fee per transaction, HDFC Bank and ICICI Bank peg the fee to the transaction value, subject to a minimum amount.The fee also differs based on the kind of transaction (buying or sel ling). Some DPs charge only for debiting the securities while others charge for both. The DPs also charge if your instruction to buy/sell fails or is rejected. In addition, service tax is also charged by the DPs. In addition to the other fees, the DP also charges a fee for converting the shares from the physical to the electronic form or vice-versa. This fee varies for both demat and remat requests. For demat, some DPs charge a flat fee per request in addition to the variable fee per certificate, while others charge only the variable fee.For instance, Stock Holding Corporation charges Rs 25 as the request fee and Rs 3 per certificate as the variable fee. However, SBI charges only the variable fee, which is Rs 3 per certificate. Remat requests also have charges akin to that of demat. However, variable charges for remat are generally higher than demat. Some of the additional features (usually offered by banks) are as follows. Some DPs offer a frequent trader account, where they charge frequent traders at lower rates than the standard charges.Demat account holders are generally required to pay the DP an advance fee for each account which will be adjusted against the various service charges. The account holder needs to raise the balance when it falls below a certain amount prescribed by the DP. However, if you also hold a savings account with the DP you can provide a debit authorisation to the DP for paying this charge. Finally, once you choose your DP, it will be prudent to keep all your accounts with that DP, so that tracking your capital gains liability is easier.This is because, for calculating capital gains tax, the period of holding will be determined by the DP and different DPs follow different methods. For instance, ICICI Bank uses the first in first out (FIFO) method to compute the period of holding. The proof of the cost of acquisition will be the contract note. The computation of capital gains is done account-wise. Opening an account Steps involved in o pening a demat account First an investor has to approach a DP and fill up an account opening form.The account opening form must be supported by copies of any one of the approved documents to serve as proof of identity (POI) and proof of address (POA) as specified by SEBI. Besides, production of PAN card in original at the time of opening of account has been made mandatory effective from April 1, 2006. All applicants should carry original documents for verification by an authorized official of the depository participant, under his signature. Further, the investor has to sign an agreement with DP in a depository prescribed standard format, which details rights and duties of investor and DP.DP should provide the investor with a copy of the agreement and schedule of charges for their future reference. The DP will open the account in the system and give an account number, which is also called BO ID (Beneficiary Owner Identification number). The DP may revise the charges by giving 30 days notice in advance. SEBI has rationalised the cost structure for dematerialisation by removing account opening charges, transaction charges for credit of securities, and custody charges vide circular dated January 28, 2005.Further, SEBI has vide circular dated November 9, 2005 advised that with effect from January 9, 2006, no charges shall be levied by a depository on DP and consequently, by a DP on a Beneficiary Owner (BO) when a BO transfers all the securities lying in his account to another branch of the same DP or to another DP of the same depository or another depository, provided the BO Account/s at transferee DP and at transferor DP are one and the same, i. e. identical in all respects.In case the BO Account at transferor DP is a joint account, the BO Account at transferee DP should also be a joint account in the same sequence of ownership. Disadvantages of Demat The disadvantages of dematerialization of securities can be summarised as follows: Trading in securities may becom e uncontrolled in case of dematerialized securities. It is incumbent upon the capital market regulator to keep a close watch on the trading in dematerialized securities and see to it that trading does not act as a detriment to investors.The role of key market players in case of dematerialized securities, such as stock-brokers, needs to be supervised as they have the capability of manipulating the market. Multiple regulatory frameworks have to be confirmed to, including the Depositories Act, Regulations and the various By-Laws of various depositories. Additionally, agreements are entered at various levels in the process of dematerialization. These may cause anxiety to the investor desirous of simplicity in terms of transactions in dematerialized securities.However, the advantages of dematerialization outweigh its disadvantages and the changes ushered in by SEBI and the Central Government in terms of compulsory dematerialization of securities is important for developing the securities market to a degree of advancement. Freely traded securities are an essential component of such an advanced market and dematerialization addresses such issues and is a step towards the advancement of the market. Transfer of Shares between DPs To transfer shares, we need to fill the Depository Instruction Slip Book (DIS).Firstly we need to check, whether both Demat account's Depository Participant is same or not(CDSL or NSDL) If both of them are different, then we need an INTER Depository Slip (Inter DIS). If they are same, then we need INTRA Depository Slip (Intra DIS). For example: If we have one Demat account with CDSL and other Demat account with NSDL, then we need an Inter DIS. Generally, brokers issue Intra DIS, so do check with broker. Once we identify the correct DIS, fill the relevant information like scrip name INE number quantity in words and figures nd submit that DIS for the transfer to the broker with signatures.The transferor broker shall accept that DIS in duplicate a nd acknowledge receipt of DIS on duplicate copy. Do try to submit that DIS when market is on. Accordingly, date of submission of DIS and date of execution of DIS can be same or a difference of one day is also acceptable. For transfer, you shall also pay the broker some charges. Remember: DIS is almost like a cheque book. Accordingly, it can not be misused if issued blank. So deposit only a completely filled in Slip to broker. Do cut out unfilled rows so that none can fill them later on.
Wednesday, October 9, 2019
Juvenile Justice Coursework Example | Topics and Well Written Essays - 2250 words
Juvenile Justice - Coursework Example Due to this difference in opinion, people has not yet arrived to the real definition of this kind of behavior as they do not understand it better. Some theorists gave out their opinion concerning this matter of delinquency saying that one of the major factors that they think formed the basis for delinquency was a combination of both peer and the socio-economic conditions. (b) Did it help make real some of the issues addressed in our text? A sample test or experiment was carried out by some of the two individuals whose interests were aimed at finding the real cause of delinquency because they found it more common in children. In their study or experiment, they used over 338 children of which they found out that there were three causes of delinquency, one being the relationship between the children and their parents. This was termed as one of the key cause because they realized that most of the parents do not punish their children even if they commit a serious offence or mistake. Secon dly, is the peer pressure that they define as involvement in bad companies that end up misleading some of the youths. The kind of punishment mentioned in the first cause result does not necessarily mean that it is the main cause but just an action that can help in controlling delinquency. (c) Are you hopeful for the next generation of young people? The control statuses expected of parents are not just to punish but also to reward and appreciate any good thing done by our children. Juvenile as one of the issues of concern in today’s world, has various definitions depend on how one understands it. This is a matter of concern because it does not affect the adults but children who are believed to be the leaders of tomorrow. This behavior is not always common on adult but in some rare cases. Various experts concerning the issue gave out various methods but all fell in vain, as people did not still know the real meaning of delinquency and some of the effects that were associated wi th it. A large number that fall victim to this kind of behavior are children who are still under the umbrella of their parents. This is one of the reasons as to why a large amount of victims comes out from this bracket of children. Children are still weak in a number of ways for they do not also understand the real meaning of life and some of its aspects which could be either negative or positive. Wong is also one of the researchers concerning this issue, gave out his results that delinquency is brought about by so many things or activities that one involve himself in. He says that the basis of this kind of behavior is idleness or lack of a constructive work that can keep one busy. He also defines some of the human activities and relates them to this kind of behavior. As per his perception and finding, there are long term activities that one may involve himself in and those that are referred to as short term activities. The short term activities are those that are always of benefit to the person who involves in it. One of these short term activities is smoking. From this example, Wong also says that those who involve in long term activities do not always fall victims to delinquency as they are focused and have dreams of which they intend to realize in life. In very many nations, this issue is always a big problem as they did not have ideal ways of dealing with or curbing this
Tuesday, October 8, 2019
We are what we read Essay Example | Topics and Well Written Essays - 500 words
We are what we read - Essay Example In order to read, many people prefer a silent environment that is free from disturbances. These individuals get used to being alone and secluded, resulting to anti social behavior. When people spend more time reading books than interacting with people, they generally become prone to solitary lives. This kind of people will have challenges interacting with others and will prefer spending their time reading than interacting with people, thus undermining the importance of maintaining healthy relationship with others. When reading, one encounters a large number of characters in the book being read. For the reader to be able to flow well with the stories, the reader needs to remember all the characters involved in the book. Exercising this ability to remember huge volumes of details about characters in a book ends up improving the memory of the reader. Many readers will end up enjoying a good short term memory, which makes them better placed to remember the faces and names or people they meet. In relationships, such memory enables readers to be able to remember the birthdays of their loved ones as well as the anniversaries, making them better lovers. According to Portillo PenÃŒÆ'a (2008), the urge to read more books increases when the reader is able to practice what they have read on their day to day life, making them reader eager to experiment with the information acquired. As a result, their behavior in hampered and they tend to be addicted to books to an extent of searching for answers to everything they are facing in books. This is however beneficial to the readers, since they will be in a position to use other people’s experience to solve their own problems and thus reducing the time taken to make decisions as well as the uncertainty of making uninformed action. The most productive individuals in the work place are the ones who are able to
Monday, October 7, 2019
Does the rotation of auditors improve the quality of auditing Essay - 6
Does the rotation of auditors improve the quality of auditing - Essay Example Rotation of auditors has also been argued to facilitate business organisations in developing better transparency in their financial reports. Moreover, auditor rotation is identified as a process assisting in better flow of information. Rotation also ascertains that the financial statements of a business organisation are reviewed frequently. In this manner, auditor rotation develops an increased accountability along with independence amid auditors. However, the policy of auditor rotation is identified to affect the audit quality to a substantial extent, as auditors with time span are aware of the risks and credibility that a business organisation is attached with. It is also ascertained that there are certain business organisations adopting the policy of auditor rotation, which are seemed to increase complexities as well as cost due to rotation during important business transactions (Whitehouse, 2013). In this regard, the essay emphasizes the audit quality and the policy of rotation o f auditors. Moreover, the essay discusses about the issues that are addressed by auditors’ rotation and explains the advantages and disadvantages associated with the policy of auditors’ rotation. Discussion Defining Audit Quality In the present business scenario, financial reports of companies are deemed to be quite essential elements of identifying the performances of business organisations. In this regard, both internal as well as external auditors play effective role in the preparation of financial reports suitably (Arrunada & Paz-Ares, 1997). Contextually, audit quality has emerged as an important aspect in relation to the audited financial reports that are prepared and presented. It is therefore deemed to be the auditors’ responsibility to discover as well as identify the shortcomings in the accounting system of an organisation in order to ensure that financial reports are prepared systematically and appropriately (Velte & Stiglbauer, 2012). Correspondingly , the policy of audit quality is generally argued as based on three important factors, which include disclosure of appropriate financial statements, ascertaining that the internal control system of an organisation is efficient and provide adequate warnings in case of frauds and misrepresentations (PCAOB, 2013). The Issue that are Addressed by ‘Rotation of Auditors’ The policy of rotation of auditors is thereby adopted by business organisations with the objective of ascertaining that financial reports are prepared and disclosed appropriately ascertaining better audit quality. The policy has been adopted in order to minimise the barrier of over-familiarity that may develop amid the management of an organisation and auditors with time. In this respect, business organisations have adopted this policy in order to safeguard and protect the interests as well as confidence of investors by ensuring that quality audited financial reports are disclosed every year, representing a r eliable information reflecting the current financial position of the company. The utmost objective of rotation of auditors is accordingly, to ascertain that auditing operations are performed effectively in order to enhance audit quality (PWC, 2013). In this regard, it can be comprehended
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