JEMTEC

The payment of dividend involves some legal as well as financial considerations. It is difficult to determine a general dividend policy which can be followed by different firms at different times because dividend decision has to be taken considering the special circumstances of an individual case. The following are important factors which determine dividend policy of a firm: 1. Legal Restrictions : Legal Provisions relating to dividends as laid down in section, 205, 205A, 206 and 207 of companies Act, 1956 are significant because they lay down a framework within which dividend policy is formulated. These provisions require that dividend can be paid only out of current profit or past profits after providing for depreciation. The companies (Transfer of Profits to Reserves) Rules, 1975 require a company providing more than 10% dividend to transfer certain percentage of current year’s profit to Reserves. Companies Act, further provides that dividend cannot be paid out of capital, b...

Introduction   : Receivables constitute a significant portion of current assets of a firm. But, for investment in receivables, a firm has to incur certain costs such as costs of financing receivables and costs of collection from receivables. Further, there is a risk of bad debts also. It is, therefore, very essential to have a proper control and management of receivables. In fact, maintaining of receivables poses two types of problems; (i) the problem of raising funds to finance the receivables, and (it) the problems relating to collection, delays and defaults of the receivables. A small firm’ may handle the problem of receivables management of its own, but it may not be possible for a large firm to do so efficiently as it may be exposed to the risk of more and more bad debts. In such a case, a firm may avail the services of specialised institutions engaged in receivables management, called factoring firms. Meaning and Definition   : Factoring may broadly be defined as t...

Index of modernization of any society lies in the position of its women vis-à-vis men, the more balanced remains in opportunity for men and women, the large the role women have in society. However, things are not so when it comes to a Muslim woman. In spite of various ameliorative efforts for the improvement in the status of women their condition has not improved much. The thinking that a woman is a commodity who has to bear the critical nuances of religion needs to change. For this change to come, a good religion or law is needed which can cope up with the demands of our progressive society. Change is essentially needed as an effective tool against the prevailing clamour pertaining to the Muslim community. The rationale behind this blog is not to put any impression against any religious sentiments of the Muslim community, rather to throw a light onto those painful issues which are putting the persons of this particular community in agony. In spite of having all legal rights with r...

Women of India have marked their significant presence in the world in various fields. They have been given the status of power and prestige in India.    Indian women has got much more significance in today’s developing times. Where until lately, they were shadowed by patriarchal dominance, the contemporary women in India have moved beyond all social boundaries to emerge as triumphant leaders of tomorrow. Not only has She taken up courageous roles in society, her own individuality as a ‘woman’ has now got an improvised meaning. The world has changed for females in India now. The daughters are pursuing successful ambitions in the male dominated corporate scenario and mothers are taking up flextime jobs to showcase their exceptional managerial talent. Today, our women have stepped out to become bread earners of the family. Although the trend is yet developing in India, The IT-BPO sector is becoming a female dominated industry in India with a significant number of capable a...