Distinguishing Share Capital And Loan Capital Essay

Distinguishing Share Capital And Loan Capital - Essay Example This paper would go to investigate difference between share capital and loan capital, paying meticulous attention to the way in which loan capital may be secured1 Corporate borrowing where this is done by debentures or debenture Stock it also examines the types of charge that companies can issue to Creditors is floating and fixed charges. The priority of secured creditors is considered together with an examination of the registration requirements for charges. Membership of a company limited by shares is based on an undertaking to Contribute capital to the company in payment for shares issued by the company. The amount of capital to be contributed is a matter for agreement between each Member and the company but once the agreed amount has been contributed neither the company nor its creditors may demand a further contribution2. The contributed capital of a company is used by it to make profits, which may be shared among is members if the company is wound up when it is solvent, the contributed capital may be returned to members but if it has to be wound up when it is insolvent then all the assets acquired with the members contributed capital will have to be used to pay the company debts and nothing will be returned to the members. As well as sharing in profits the members of a company normally jointly control it by appointing directors to manage the company affairs. In many private companies, of course, the members are also the directors. A member of a company who contributes more capital than another will want a proportionally greater share in distribution of the company profits and also a greater influence on the company affairs (i.e., more votes at members meetings). The extent of a members undertaking to contribute capital, and of entitlement to share in distributions and vote at meetings, are all related to the number and class of shares of the company that the member holds a description of each member. Shareholding must be entered against the members name in the company register of members (CA 2006, s 113). A share is essentially a limit of account for measuring a member's interest in a company. Each share is required to have sum of capital assigned to it as its nominal value (s 542) and this is the size of the unit of account. The nominal value of a share is the minimum value that a company must demand to receive as contributed capital in exchange for the share so if Textbook Examples Co plc, has only one class of members and the nominal value of each of its shares is 50p, and I undertake to contribute 5000 worth of capital to the company I Cannot expect to be allotted more than 10,000 of its shares. Moreover, the company must not offer to allot me more than 10,000 of its 50p shares as an incentive to me to contribute only 5,000 worth of capital because to do so would distort the way in which the shares allotted to me measure my interest in the company (s 580) it is however permissible for a shareholder to undertake to contribute more for shares than their nominal value -the excess is called share premium Capital contributed in exchange for shares, apart from share premium, is called share capital. Having undertaken

How has Modern Technology improved Emergency Response Capabilities Assignment

How has Modern Technology improved Emergency Response Capabilities - Assignment Example The software development is focused to develop methods to generate high resolution fused data studies to create three-dimensional product view among other features for correct forecasting to generate accurate weather alerts, which is just one of the various features of the software development (NWS, 2012). Future is full of new possibilities in the fields of technology for emergency communication in the time of disasters. Technology advancements also offer new challenges to apply new innovations in the current Department of Homeland Security (DHS) programs. The ongoing communications programs need to be revised for assimilating future additions of modern technology. Cyber Security & Communications (CS&C) has always played a leading part in the overall security of the nation’s 18 important infrastructure divisions under Homeland Security President Directive-7 (HSPD-7). CS&C is behind all the government communications programs related to priority services such as GETS, which is a White House initiated emergency telecommunications service, offering communications support to all government and non-government missions (DHS News, 2012). Emergency management in the context of interstate collaboration can better help in making a quick response to catastrophic disasters. Such an agreement named the Emergency Management Assistance Compact (EMAC) is based on mutual help in collaboration with other states, facilitating states to take collective action against natural and human disasters, mostly before the availability of federal disaster assistance. Emergency management can be well understood by discussing EMACs call to Hurricanes Katrina and Rita to attend to the critical requirement for evaluation of emergency management at the local level. A studious evaluation of news reports, government papers, and reports from related organizations needs to be conducted to reach at some conclusion on the extent and way of EMACs execution and its conduct at the time of response functions.