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Fy-Fm - Unit - Iii & Iv
Fy-Fm - Unit - Iii & Iv
FUNCTIONAL MANAGEMENT
Securities
Market
PUBLIC ISSUES:
By far the most important method of issuing securities, a public issue involves sale of securities
to the public at large. Public issues in India are governed by the provisions of the Companies Act,
2013, Issue of capital and Disclosure Requirement (ICDR) Regulations of SEBI, and the listing
agreement between the issuing company and the stock exchanges.
The Companies Act describes the procedure to be followed in offering shares to the public and
the type of informations to be disclosed in the prospectus and the SEBI guidelines impose certain
conditions on the issuers besides specifying the additional information to be disclosed to the
investors.
SEBI INITIATIVES:
SEBI has taken a number of steps in the last few years to reform the Indian capital market. It has
covered the entire range of capital market activities through nearly 30 legislations.
The important initiatives are mentioned below.
[1]. FREEDOM IN DESIGNING AND PRICING INSTRUMENT:
Companies now enjoy substantial freedom in designing the instruments of financing as long as
they fully disclose the character of the same. More important, they enjoy considerable freedom in
pricing the same.
[2]. BAN ON BADLA:
The financial irregularities of 1992 highlighted the deficiencies of the „badla‟ system which
permitted excessive controlling. To rectify the defects in trading practise, the „badla‟ system has
been banned.
The result of this calculation will also need to be compared with industry data. However, the
positive conclusion is that the firm has earned a profit in its first year and has returned 4.37 % on
its asset investment. There are many other ratios that could also be calculated.
Explain the meaning and definition of Office. Discuss the objectives (purposes)
and functions of Office.
FILING METHODS :
[a] OLD METHODS [b] MODERN METHODS
[1]. Metal Holders/Guard Books [1]. Horizontal filing
[2]. Box files Flat files, Lever files
[3]. Spike files [2]. Vertical files
[4]. Pigeon Hole or docketing Suspension files, Lateral filing
[5]. Concertina filing Folders, Cabinets
[6]. Press copy book [3]. Open-shelf files
[7]. Expanding alphabetical cases
[1]. Arrangements In the flat position i.e. one upon In the standing or upright position
of papers or each other
files
[2]. Filing (i) Flat files, (ii) Arch lever files (iii) (i) folders, (ii) cabinets, (iii) lateral
equipments Shenon files file (iv) suspended file
[3]. Misplacement No misplacement as papers are Possible as papers are kept in loose
of the papers fastened by a clip manner
[4]. Cost element Economical, as only file covers are Costly, as it requires folders,
necessary drawers, guide cards, cabinets,
cupboards
[5]. Flexibility Not flexible, having limited scope Flexible as it enjoys scope for
for expansion expansion
OBJECT/OBJECTIVES OF INDEXING:
Following are different objectives of indexing:
[1]. Facilitates the Location of Records:
Indexing helps to locate (find out) a particular files or records easily. Index indicates (or points
out) the place where the document or information will be available.
[2]. To collect required Information:
Whenever any information is required, with the help of index, we can easily collect find out
information.
[3]. To Locate Page of Information :
Sometimes, an index is prepared inside (in turn) the index-book. It helps in locating the page, on
which the necessary information is given.
[4]. Self-Indexing Records:
If the records are kept, index should be prepared, even though the records themselves are „self-
indexing‟.
Environment
Management
Goal setting
Information support
NOTES
MERVIN CLASSES
„102‟, BLUE DIAMOND, FATEHGUNJ, VADODARA
ST EPP I NG ST O N E T O S UCC E S S