serial kimia part 24 investments

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An investmentfonds wikipedia free fund also index tracker is a mutual fund or exchange-traded fund ETF designed to follow certain preset rules so that the fund can track a specified basket johann pfeiffer iforex underlying investments. Index funds may also have rules that screen for social and sustainable criteria. An index fund's rules of construction clearly identify the type of companies suitable for the fund. Additional index funds within these geographic markets may include indexes of companies that include rules based on company characteristics or factors, such as companies that are small, mid-sized, large, small value, large value, small growth, large growth, the level of gross profitability or investment capital, real estate, or indexes based on commodities and fixed-income. Companies are purchased and held within the index fund when they meet the specific index rules or parameters and are sold when they move outside of those rules or parameters. Think of an index fund as an investment utilizing rules-based investing.

Serial kimia part 24 investments maybank investment bank berhad career counseling

Serial kimia part 24 investments

A national bank may make a public welfare investment under 12 CFR 24, if the investment primarily promotes the public welfare including the welfare of low- and moderate-income individuals, low- and moderate-income areas, or other areas targeted by a government entity for redevelopment, or if the investment would receive consideration under 12 CFR An activity revitalizes or stabilizes a distressed nonmetropolitan middle-income geography if it helps to attract new or retain existing businesses or residents.

An activity will be presumed to revitalize or stabilize the area if the activity is consistent with a bona fide government revitalization or stabilization plan. Thus, a national bank may make an investment under 12 CFR 24 for any community development activity that revitalizes or stabilizes a distressed nonmetropolitan middle-income geography. How do the changes to the CRA regulations concerning underserved nonmetropolitan middle-income geographies expand opportunities for public welfare investments?

An activity revitalizes or stabilizes an underserved nonmetropolitan middle-income geography if it helps to meet essential community needs, including the needs of low- or moderate-income individuals. Thus, a national bank may make an investment under 12 CFR 24 for any community development activities that revitalizes or stabilizes an underserved nonmetropolitan middle-income geography.

How do the revisions to the statutory language of 12 USC 24 Eleventh , providing that national banks may "make investments directly or indirectly, each of which is designed primarily to promote the public welfare, including the welfare of low- and moderate-income communities or families such as by providing housing, service, or jobs , apply when a national bank makes an investment 1 directly, or 2 indirectly?

When a national bank makes an investment directly into a project or makes an investment into a subsidiary CEDE, which in turn invests funds in a project, each project in which the bank or the subsidiary CEDE invests must primarily promote the public welfare such as by providing housing, service, or jobs , including the welfare of low- and moderate-income communities or families, or other areas targeted by a governmental entity for redevelopment, or if the investment would receive consideration under 12 CFR When a national bank makes an investment in a non-subsidiary CEDE, the CEDE's activities, in the aggregate as opposed to each project , must primarily promote the public welfare, including the welfare of low- and moderate-income communities or families, or other areas targeted by a governmental entity for redevelopment, or if the investment would receive consideration under 12 CFR How would a bank demonstrate that an area has been targeted for redevelopment by a government entity to meet the 12 CFR 24's public welfare requirement section Section One of the four alternative tests for a qualified public welfare investment is that it primarily benefits "other areas targeted by a governmental entity for redevelopment.

The OCC considers a legally incorporated town, city, county, state, tribal, or federal governmental agency or entity to be a governmental entity. Often, a governmental entity or agency designates a neighborhood, district, or other geographic section through a formally adopted redevelopment plan that may include special activities and benefits and funding from public and private sector resources.

The activities in those areas typically help to attract and retain businesses and residents. Examples of formally designated redevelopment areas include federal empowerment zones and rural communities, state enterprise zones, or city tax incremental financing TIF districts.

Investors in those areas may receive tax incentives, such as capital gains relief, wage credits for employees who live and work in those areas, and the ability to expense business investments. Some 12 CFR 24 investments may not involve formal area designations, but still may be made in an area targeted for redevelopment by a governmental entity.

For example, a local government agency may partner with a national bank, chamber of commerce, and community leaders to develop and operate an industrial park to help attract new small businesses and expand employment opportunities for residents. The local government may provide, for example, infrastructure improvements to the industrial park and offer tax abatements to the businesses that locate there. A bank that uses "other areas targeted by a government entity for redevelopment" as the basis for making its 12 CFR 24 investment may consider keeping documentation that indicates: that the governmental entity or agency has designated the area; the redevelopment criteria for the area; how the public welfare investment is consistent with the governmental entity's or agency's plans; and the type of financing and other support that the governmental entity or agency provides to the area or project in which the bank invests.

Must a bank use the 12 CFR 24 investment authority for making all types of community development investments? Other examples of qualifying public welfare investments are found in section Similarly, under 12 USC 24 Eighth , in certain circumstances, a national bank may support community and economic development activities by contributing to community funds, nonprofit community-based organizations and intermediaries, foundations, or other "charitable, philanthropic, or benevolent instrumentalities conducive to public welfare.

By using these other investment authorities where appropriate, a national bank may be able to preserve its limited public welfare investment authority. The OCC determined, in the revisions to 12 CFR 24, that a national bank investment in a new markets tax credit Community Development Entity qualifies as public welfare investment.

Since then, several national banks have asked whether in all instances, an investment in a Community Development Entity created in conjunction with the New Markets Tax Credit Program must use the public welfare investment authority and be subject to the capital and surplus requirements. The short answer is: No. Below are some questions and guidance to help you better determine when a bank can use another authority. If a Community Development Entity limits its activities to making loans, can a national bank invest in a Community Development Entity pursuant to other legal authority?

A national bank may invest in a Community Development Entity either as an operating subsidiary or as a non-controlling equity investment if the requirements in 12 CFR 5. Such investments would not be subject to the limitations of part What exactly is an operating subsidiary? An operating subsidiary is a separate corporation, LLC, or similar entity, in which a national bank maintains more than a 50 percent voting or similar type of controlling interest, or otherwise controls the subsidiary and no other party controls more than 50 percent of the voting or similar type of controlling interest of the subsidiary.

An operating subsidiary may engage in activities that are part of, or incidental to, the business of banking, including the making of loans or other extensions of credit. Operating subsidiaries are governed by 12 CFR 5. Must a bank submit an application or notice to the OCC to establish an operating subsidiary?

Yes, a bank that intends to acquire or establish an operating subsidiary usually must submit an application or notice to the OCC. Well-capitalized and well-managed banks may file under the notice process for the acquisition or establishment of an operating subsidiary that will engage in only "eligible activities.

If a bank is not well-capitalized and well-managed or if the proposed activities are not eligible activities , the bank must follow the standard application process for all activities. See "Investment in Subsidiaries and Equities," Comptroller's Licensing Manual , for detailed guidance on the operating subsidiary filing procedures. Pursuant to Part 5, may a national bank own, either directly or through an operating subsidiary, a non-controlling interest in a Community Development Entity that engages only in eligible activities?

Yes, the OCC permits national banks to own, either directly or through an operating subsidiary, a non-controlling interest in such a Community Development Entity. Twelve CFR 5. For further details on the information that must be included in a non-controlling investment notice, see 12 CFR 5.

However, while both of these sources of legal authority are potentially available, banks must be mindful of the safety and soundness issues that arise with undue concentrations in their exposure to one entity. Banks should have systems and controls in place to monitor and control their credit concentrations. Excessive exposure to any given entity is an unsafe and unsound practice and the OCC retains the right to criticize such an exposure. What types of information should a bank maintain in its files about its 12 CFR 24 investments?

Under section The bank's file on each part 24 investment should be readily accessible for examination. If the OCC imposes one or more conditions on its approval of a part 24 investment. For public welfare public welfare requirements, the documentation should indicate that the investment satisfies at least one of the public welfare criteria in section These criteria are that the bank's investment is designed primarily to promote the public welfare including the welfare of low- and moderate-income individuals, low- and moderate-income areas, or other areas targeted by a governmental entity for redevelopment, or if the investment would receive consideration under 12 CFR For part 24's investment limit requirements, a bank should document the dollar amount of the bank's investment, which should be consistent with the information provided in connection with the bank's after-the-fact notice or prior approval request and any supplemental materials or clarifications.

Documentation about the nature and legal structure of the investment should demonstrate that the investment does not expose the bank to unlimited liability. A bank also may consider implementing a system for tracking its public welfare investments including outstanding commitments with due attention to investments that have been changed, completed, sold, or otherwise divested, so as to know at any point in time the aggregate outstanding amount of public welfare investments and the percentage of capital and surplus represented by those investments.

A tracking system also would enable a bank to notify the OCC of changes in the nature or amount of its public welfare investments, if necessary. Crossmark Holdings, Inc. Cumulus Media Holdings, Inc. Nine Entertainment Group Pty, Ltd. Sinclair Television Group, Inc. Univision Communications, Inc. UPC Financing Partnership. Virgin Media Investment Holdings, Ltd. Multiline Retail - 0. Neiman Marcus Group, Ltd. Specialty Retail - 4.

Party City Holdings, Inc. Petco Animal Supplies, Inc. The Container Store, Inc. Consumer Staples 6. DS Waters of America, Inc. Consumer Staples continued. AdvancePierre Foods, Inc. Food Products - 2. Candy Intermediate Holdings, Inc. Household Products - 1. EveryWare Global, Inc. Alpha Natural Resources, Inc.

Quicksilver Resources, Inc. Samson Investment Company. Capital Markets - 1. Financials continued. Consumer Finance - 0. The Brickman Group, Ltd. Diversified Financial Services - 1. Real Estate Investment Trusts - 0. Biotechnology - 1. Catalent Pharma Solutions, Inc. Envision Healthcare Corp. Physiotherapy Associates Holdings, Inc. Universal Health Services, Inc.

Phibro Animal Health Corp. Pharmaceuticals - 2. Par Pharmaceutical Companies, Inc. Pharmaceutical Product Development, Inc. Salix Pharmaceuticals, Ltd. Industrials Industrials continued. Commercial Barge Line Company. Building Products - 0. Ply Gem Industries, Inc. Electrical Equipment - 0.

Generac Power Systems, Inc. Xerium Technologies, Inc. Transportation Infrastructure - 0. Information Technology 3. Activision Blizzard, Inc. Information Technology continued. SunGard Data Systems, Inc. Minerals Technologies, Inc. Construction Materials - 0. Anchor Glass Container Corp. Clondalkin Acquisition BV. Printpack Holdings, Inc. Essar Steel Algoma, Inc.

Fairmount Minerals, Ltd. Telecommunication Services 2. Diversified Telecommunication Services - 1. Crown Castle Operating Company. Intelsat Jackson Holdings SA. Syniverse Holdings, Inc. Wireless Telecommunication Services - 0. Electric Utilities - 2.

Utilities continued. Independent Power and Renewable Electricity. Multi-Utilities - 0. Corporate Bonds 7. Consumer Discretionary 0. Taylor Morrison Communities, Inc. Consumer Staples 0. Alliance One International, Inc. Hercules Offshore, Inc. Diversified Financial Services - 0. The Howard Hughes Corp.

Class C. Navios Maritime Acquisition Corp. Florida East Coast Holdings Corp. Information Technology 0. Midwest Vanadium Pty, Ltd. Mirabela Nickel, Ltd. Telecommunication Services 1. Diversified Telecommunication Services - 0. Common Stocks 0. Tropicana Entertainment, Inc. Preferred Securities 0. Securities Lending Collateral 0. Short-Term Investments 5. Money Market Funds 5. Repurchase Agreement 0. Repurchase Agreement with State Street Corp.

Other assets and liabilities, net 0. Total net assets Consumer Discretionary. Consumer Staples. Health Care. Information Technology. Telecommunication Services. Preferred Securities. Securities Lending Collateral. Short-Term Investments. Total Investments in Securities. Affiliated Investment Companies G Unaffiliated Investment Companies Exchange-Traded Funds 6.

Affiliated Underlying Funds' Subadvisors. Allianz Global Investors U. S LLC. Deutsche Investment Mangement Americas, Inc. Common Stocks Anadarko Petroleum Corp. Cobalt International Energy, Inc. PetroChina Company, Ltd. Pioneer Natural Resources Company. Southwestern Energy Company I. Information Technology 1. Allegheny Technologies, Inc. Materials continued. First Quantum Minerals, Ltd. Fortescue Metals Group, Ltd. Medusa Mining, Ltd.

Mongolian Mining Corp. Securities Lending Collateral 7. Short-Term Investments 2. Repurchase Agreement 2. Other assets and liabilities, net 7. The fund had the following country composition as a percentage of net assets on Corporate Bonds Consumer Discretionary 8. Auto Components 0.

General Motors Financial Company, Inc. Distributors 0. Arcos Dorados Holdings, Inc. Household Durables 0. Cablevision Systems Corp. Numericable Group SA S. Shaw Communications, Inc. Sirius XM Radio, Inc. WMG Acquisition Corp. Multiline Retail 0. Macy's Retail Holdings, Inc. Specialty Retail 0. Consumer Staples 2. Constellation Brands, Inc. Smithfield Foods, Inc.

Food Products 0. Household Products 0. Gas Utilities 0. Pertamina Persero PT S. Petrobras Global Finance BV. Petrobras International Finance Company. Energy continued. Samson Investment Company S. Bank of America Corp. Citigroup, Inc. Fifth Third Bancorp 5. First Niagara Financial Group, Inc. International Finance Corp. National Australia Bank, Ltd.

Oversea-Chinese Banking Corp. Zions Bancorporation 5. Capital Markets 0. Temasek Financial I, Ltd. Consumer Finance 0. Credit Acceptance Corp. Diversified Financial Services 4. European Investment Bank. European Investment Bank S.

General Electric Capital Corp. Inter-American Development Bank. American International Group, Inc. Prudential Financial, Inc. Real Estate Investment Trusts 0. Corrections Corp. CapitaMalls Asia Treasury, Ltd. Yanlord Land Group, Ltd.

Community Health Systems, Inc. LifePoint Hospitals, Inc. WellCare Health Plans, Inc. Pharmaceuticals 1. Forest Laboratories, Inc. Grifols Worldwide Operations, Ltd. Valeant Pharmaceuticals International, Inc. Building Products 0. Industrial Conglomerates 0. Odebrecht Finance, Ltd. Navios Maritime Holdings, Inc. Micron Technology, Inc. Construction Materials 0. Votorantim Cimentos SA S. Owens-Brockway Glass Container, Inc. Diversified Telecommunication Services 1.

Frontier Communications Corp. Verizon Communications, Inc. Wireless Telecommunication Services 0. SBA Telecommunications, Inc. Electric Utilities 0. Independent Power and Renewable Electricity Producers 1. Multi-Utilities 0. Foreign Government Obligations New South Wales Treasury Corp. Queensland Treasury Corp. Government of Bermuda S. Federative Republic of Brazil.

Export Development Canada. Ontario School Boards Financing Corp. Philippines continued. Korea Treasury Bond Coupon Strips. Korea Treasury Bond Principal Strips. Capital Preferred Securities 2. First Tennessee Capital II. Diversified Financial Services 0. Baggot Securities, Ltd. Convertible Bonds 1. Dream Global Real Estate. Starwood Property Trust, Inc. Consumer Discretionary 3. Clear Channel Communications, Inc. Burlington Coat Factory Warehouse Corp.

Nine West Holdings, Inc. Consumer Staples 1. Offshore Group Investment, Ltd. Walter Investment Management Corp. Diversified Financial Services 1. Kindred Healthcare, Inc. National Mentor Holdings, Inc. Pharmaceuticals 0. Mallinckrodt International Finance SA. Communications Equipment 0. Berry Plastics Group, Inc. Telecommunication Services 0. Diversified Telecommunication Services 0.

Independent Power and Renewable Electricity Producers 0. Collateralized Mortgage Obligations 5. Adjustable Rate Mortgage Trust. Series , Class 2A1 P. American Home Mortgage Assets Trust. Americold LLC Trust. Series , Class AM P.

Series , Class AM. Banc of America Funding Corp. Series , Class 12A3 P. Series , Class A1 P. Bear Stearns Alt-A Trust. Series , Class 1A1 P. Series , Class 1A P.

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However, the investment limit requirements do not allow a national bank's aggregate outstanding 12 CFR 24 investments to exceed 5 percent of its capital and surplus without prior written approval. When a bank's aggregate outstanding 12 CFR 24 investments approach 5 percent of its capital and surplus, if the bank is at least adequately capitalized, it may seek OCC permission to use the after-the-fact notice procedures for investments above the 5 percent investment limit.

Regulations finalized in April changed the requirement that a bank should make that request in connection with seeking prior OCC approval for making an actual public welfare investment. The new, simpler procedure allows the bank to make a written request to OCC for approval under section If the OCC provides written approval of the request, the bank may make investments above the 5 percent limit, providing after-the-fact notice in accordance with section The OCC's consideration of the bank's request to use the after-the-fact notice procedures for future investments exceeding 5 percent of capital and surplus will weigh whether the bank is at least adequately capitalized and whether the higher amount will not pose significant risk to the deposit insurance fund.

In no event may the bank's aggregate outstanding 12 CFR 24 investments exceed 15 percent of its capital and surplus. References to allowances for credit losses, adjusted allowance for credit losses, and amortized cost basis become applicable when a bank adopts CECL. When calculating the aggregate amount of its aggregate outstanding investments under 12 CFR 24, a national bank should follow generally accepted accounting principles GAAP , unless otherwise directed or permitted in writing by the OCC for prudential or safety and soundness reasons.

The bank should compute these investment limits using call report amounts prepared in accordance with GAAP. How should a national bank calculate capital and surplus under 12 CFR 24? Under 12 CFR For qualifying community banking organizations that have elected to use the community bank leverage ratio framework described in 12 CFR 3. The allowance for loan and lease losses or allowances for credit losses is reported on Schedule RC — Balance Sheet, line 4.

What are the call report codes used in the capital and surplus calculation? The calculation is the same regardless of which version of the call report the bank files and whether it has adopted CECL. There are additional adjustments for banks that have adopted CECL. Each line item in the call report has a corresponding code.

The codes vary based on the call report filed by the bank. The amounts associated with each code should be used in the following formula for capital and surplus, as applicable. When is a national bank eligible to request an increase in the limits on aggregate outstanding public welfare investments?

If the bank is at least adequately capitalized, it may make a written request to the OCC to exceed the 5 percent limit. How did the changes to the CRA regulations concerning designated disaster areas expand opportunities for public welfare investments 12 CFR 24? A national bank may make a public welfare investment under 12 CFR 24, if the investment primarily promotes the public welfare, including the welfare of low- and moderate-income individuals, low- and moderate-income areas, or other areas targeted by a government entity for redevelopment, or if the investment would receive consideration under 12 CFR The revisions to the CRA regulations modified the definition of "community development" to make bank activities to revitalize or stabilize designated disaster areas eligible for CRA consideration.

Thus, a national bank may make an investment under 12 CFR 24 for any community development activity that revitalizes or stabilizes a designated disaster area. An activity will be presumed to revitalize or stabilize a designated disaster area if it helps to attract new, or retain existing, businesses or residents and is related to disaster recovery. A "designated disaster area" is a major disaster area designated by the federal government. Investments in recovery-related activities designed to revitalize or stabilize a designated disaster area generally must be made within 36 months after the date of designation.

Where there is demonstrable community need to extend the period for recognizing revitalization or stabilization activities in a particular disaster area to assist in long-term recovery efforts, this time period may be extended. For the areas impacted by hurricanes Katrina and Rita, this time period will be extended. How do the changes to the CRA regulations concerning distressed nonmetropolitan middle-income geographies expand opportunities for public welfare investments?

A national bank may make a public welfare investment under 12 CFR 24, if the investment primarily promotes the public welfare including the welfare of low- and moderate-income individuals, low- and moderate-income areas, or other areas targeted by a government entity for redevelopment, or if the investment would receive consideration under 12 CFR An activity revitalizes or stabilizes a distressed nonmetropolitan middle-income geography if it helps to attract new or retain existing businesses or residents.

An activity will be presumed to revitalize or stabilize the area if the activity is consistent with a bona fide government revitalization or stabilization plan. Thus, a national bank may make an investment under 12 CFR 24 for any community development activity that revitalizes or stabilizes a distressed nonmetropolitan middle-income geography. How do the changes to the CRA regulations concerning underserved nonmetropolitan middle-income geographies expand opportunities for public welfare investments?

An activity revitalizes or stabilizes an underserved nonmetropolitan middle-income geography if it helps to meet essential community needs, including the needs of low- or moderate-income individuals. Thus, a national bank may make an investment under 12 CFR 24 for any community development activities that revitalizes or stabilizes an underserved nonmetropolitan middle-income geography. How do the revisions to the statutory language of 12 USC 24 Eleventh , providing that national banks may "make investments directly or indirectly, each of which is designed primarily to promote the public welfare, including the welfare of low- and moderate-income communities or families such as by providing housing, service, or jobs , apply when a national bank makes an investment 1 directly, or 2 indirectly?

When a national bank makes an investment directly into a project or makes an investment into a subsidiary CEDE, which in turn invests funds in a project, each project in which the bank or the subsidiary CEDE invests must primarily promote the public welfare such as by providing housing, service, or jobs , including the welfare of low- and moderate-income communities or families, or other areas targeted by a governmental entity for redevelopment, or if the investment would receive consideration under 12 CFR When a national bank makes an investment in a non-subsidiary CEDE, the CEDE's activities, in the aggregate as opposed to each project , must primarily promote the public welfare, including the welfare of low- and moderate-income communities or families, or other areas targeted by a governmental entity for redevelopment, or if the investment would receive consideration under 12 CFR How would a bank demonstrate that an area has been targeted for redevelopment by a government entity to meet the 12 CFR 24's public welfare requirement section Section One of the four alternative tests for a qualified public welfare investment is that it primarily benefits "other areas targeted by a governmental entity for redevelopment.

The OCC considers a legally incorporated town, city, county, state, tribal, or federal governmental agency or entity to be a governmental entity. Often, a governmental entity or agency designates a neighborhood, district, or other geographic section through a formally adopted redevelopment plan that may include special activities and benefits and funding from public and private sector resources. The activities in those areas typically help to attract and retain businesses and residents.

Examples of formally designated redevelopment areas include federal empowerment zones and rural communities, state enterprise zones, or city tax incremental financing TIF districts. Investors in those areas may receive tax incentives, such as capital gains relief, wage credits for employees who live and work in those areas, and the ability to expense business investments.

Some 12 CFR 24 investments may not involve formal area designations, but still may be made in an area targeted for redevelopment by a governmental entity. For example, a local government agency may partner with a national bank, chamber of commerce, and community leaders to develop and operate an industrial park to help attract new small businesses and expand employment opportunities for residents.

The local government may provide, for example, infrastructure improvements to the industrial park and offer tax abatements to the businesses that locate there. A bank that uses "other areas targeted by a government entity for redevelopment" as the basis for making its 12 CFR 24 investment may consider keeping documentation that indicates: that the governmental entity or agency has designated the area; the redevelopment criteria for the area; how the public welfare investment is consistent with the governmental entity's or agency's plans; and the type of financing and other support that the governmental entity or agency provides to the area or project in which the bank invests.

Must a bank use the 12 CFR 24 investment authority for making all types of community development investments? Other examples of qualifying public welfare investments are found in section Similarly, under 12 USC 24 Eighth , in certain circumstances, a national bank may support community and economic development activities by contributing to community funds, nonprofit community-based organizations and intermediaries, foundations, or other "charitable, philanthropic, or benevolent instrumentalities conducive to public welfare.

By using these other investment authorities where appropriate, a national bank may be able to preserve its limited public welfare investment authority. The OCC determined, in the revisions to 12 CFR 24, that a national bank investment in a new markets tax credit Community Development Entity qualifies as public welfare investment.

L A portion of this security is on loan as of M Term loans are variable rate obligations. The coupon rate shown represents the rate at period end. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. T This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate. This investment represents collateral received for securities lending.

Y The rate shown is the annualized seven-day yield as of Notes to Portfolio of Investments. Security valuation. In order to value the securities, the fund uses the following valuation techniques: Equity securities held by the fund are valued at the last sale price or official closing price on the exchange where the security was acquired or most likely will be sold.

In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Debt obligations are valued based on the evaluated prices provided by an independent pricing vendor or from broker-dealers. Independent pricing vendors utilize matrix pricing which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices.

Securities that trade only in the over-the-counter market are valued using bid prices. Certain short-term securities with maturities of 60 days or less at the time of purchase are valued at amortized cost.

The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. The fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities.

Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality.

The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. Repurchase agreements. The fund may enter into repurchase agreements.

The collateral amount is marked-to-market and monitored on a daily basis to ensure that the collateral held is in an amount not less than the principal amount of the repurchase agreement plus any accrued interest. Upon an event of default, the non-defaulting party may close out all transactions traded under the MRA and net amounts owed. Absent an event of default, the MRA does not result in an offset of the net amounts owed. In the event of a default by the counterparty, realization of the collateral proceeds could be delayed, during which time the collateral value may decline or the counterparty may have insufficient assets to pay back claims resulting from close-out of the transactions.

Term loans Floating rate loans. The fund may invest in term loans, which often include debt securities that are rated below investment grade at the time of purchase. Term loans are generally subject to legal or contractual restrictions on resale.

The liquidity of term loans, including the volume and frequency of secondary market trading in such loans, varies significantly over time and among individual loans. During periods of infrequent trading, valuing a term loan can be more difficult and buying and selling a term loan at an acceptable price can be more difficult and delayed, which could result in a loss.

A fund may have limited rights to enforce the terms of an underlying loan. A The subadvisor is an affiliate of the advisor. G The portfolio's subadvisor is shown parenthetically. Natural Resources Fund As of Unaudited. The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.

Foreign securities and currencies are valued in U. Securities that trade only in the over-the-counter OTC market are valued using bid prices. For additional information on the funds' significant accounting policies, please refer to the funds' most recent semiannual or annual shareholder report. Currency Abbreviations.

Rate shown is the annualized yield at the end of the period. P Variable rate obligation. Q Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. The fund had the following country concentration as a percentage of net assets on Unlisted options are valued using evaluated prices obtained from an independent pricing vendor.

Futures contracts are valued at settlement prices, which are the official closing prices published by the exchange on which they trade. Foreign securities and currencies, including forward foreign currency contracts, are valued in U. Derivative Instruments. The fund may invest in derivatives in order to meet its investment objectives. Derivatives include a variety of different instruments that may be traded in the over-the-counter market, on a regulated exchange or through a clearing facility.

The risks in using derivatives vary depending upon the structure of the instruments, including the use of leverage, optionality, the liquidity or lack of liquidity of the contract, the creditworthiness of the counterparty or clearing organization and the volatility of the position. Some derivatives involve risks that are potentially greater than the risks associated with investing directly in the referenced securities or other referenced underlying instrument.

Specifically, the fund is exposed to the risk that the counterparty to an OTC derivatives contract will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. OTC derivatives transactions typically can only be closed out with the other party to the transaction.

A futures contract is a contractual agreement to buy or sell a particular currency or financial instrument at a pre-determined price in the future. Risks related to the use of futures contracts include possible illiquidity of the futures markets and contract prices that can be highly volatile and imperfectly correlated to movements in the underlying financial instrument. Use of long futures contracts subjects the funds to the risk of loss up to the notional value of the futures contracts.

Use of short futures contracts subjects the funds to unlimited risk of loss. During the period ended May 31, , the fund used futures contracts to manage duration of the portfolio. The following table summarizes the contracts held at May 31, Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

Forward foreign currency contracts. A forward foreign currency contract is an agreement between two parties to buy and sell specific currencies at a price that is set on the date of the contract. The forward contract calls for delivery of the currencies on a future date that is specified in the contract. The market value of a forward foreign currency contract fluctuates with changes in foreign currency exchange rates.

Forward foreign currency contracts are marked-to-market daily and the change in value is recorded by the fund as an unrealized gain or loss. Realized gains or losses, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed, are recorded upon delivery or receipt of the currency or settlement with the counterparty.

During the period ended May 31, , the fund used forward foreign currency contracts to manage against anticipated changes in currency exchange rates and gain exposure to foreign currencies. There are two types of options, put options and call options. Options are traded either over-the-counter or on an exchange. A call option gives the purchaser of the option the right to buy and the seller the obligation to sell the underlying instrument at the exercise price.

A put option gives the purchaser of the option the right to sell and the writer the obligation to buy the underlying instrument at the exercise price. Risks related to the use of options include the loss of premiums, possible illiquidity of the options markets, trading restrictions imposed by an exchange and movements in underlying security values.

In addition, over-the-counter options are subject to the risks of all over-the-counter derivatives contracts. During the period ended May 31, , the fund used purchased options to manage against anticipated currency exchange rates. During the period ended May 31, , the fund wrote option contracts to manage against anticipated currency exchange rates. There were no open written options contracts as of May 31, In order to value the securities, the fund uses the following valuation techniques: Debt obligations are valued based on the evaluated prices provided by an independent pricing vendor or from broker-dealers.

Trading in foreign securities may be completed before the daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. The fund uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.

As of May 31, , all investments are categorized as Level 2 under the hierarchy described above. Derivative instruments. Specifically, the fund is exposed to the risk that the counterparty to an OTC derivatives contract will be unable or unwilling to make. During the period ended May 31, , the fund used forward foreign currency contracts to manage against anticipated changes in currency exchange rates, gain exposure to foreign currencies, and to maintain diversity and liquidity of the portfolio.

Emerging Markets Fund As of Unaudited. Barbara, Ltd. Government National Mortgage Association, 2. Government Agency 0. Bancorp, 3. Bancorp 6. Treasury Notes, 0. Strategic Income Opportunities Fund As of Unaudited During the period ended May 31, , the fund wrote option contracts to manage against anticipated currency exchange rates. Specifically, the fund is exposed to the risk that the counterparty to an OTC derivatives contract will be unable or unwilling to make 7.

Emerging Markets Debt Fund As of Unaudited timely settlement payments or otherwise honor its obligations. Washington, DC Investment Company Act file number:. Exact name of registrant as specified in charter. Address of principal executive offices. Name and address of agent for service. Term Loans M Consumer Discretionary Auto Components - 1. Allison Transmission, Inc. INA Beteiligungsgesellschaft mbH. Automobiles - 0.

Diversified Consumer Services - 2. BakerCorp International, Inc. Laureate Education, Inc. Monitronics International, Inc. Caesars Entertainment Operating Company, Inc. Four Seasons Holdings, Inc. MGM Resorts International. Mohegan Tribal Gaming Authority.

Pinnacle Entertainment, Inc. Wendy's International, Inc. Household Durables - 0. Consumer Discretionary continued. Leisure Products - 0. Crossmark Holdings, Inc. Cumulus Media Holdings, Inc. Nine Entertainment Group Pty, Ltd. Sinclair Television Group, Inc.

Univision Communications, Inc. UPC Financing Partnership. Virgin Media Investment Holdings, Ltd. Multiline Retail - 0. Neiman Marcus Group, Ltd. Specialty Retail - 4. Party City Holdings, Inc. Petco Animal Supplies, Inc. The Container Store, Inc. Consumer Staples 6. DS Waters of America, Inc. Consumer Staples continued. AdvancePierre Foods, Inc. Food Products - 2. Candy Intermediate Holdings, Inc. Household Products - 1. EveryWare Global, Inc.

Alpha Natural Resources, Inc. Quicksilver Resources, Inc. Samson Investment Company. Capital Markets - 1. Financials continued. Consumer Finance - 0. The Brickman Group, Ltd. Diversified Financial Services - 1. Real Estate Investment Trusts - 0. Biotechnology - 1. Catalent Pharma Solutions, Inc. Envision Healthcare Corp. Physiotherapy Associates Holdings, Inc.

Universal Health Services, Inc. Phibro Animal Health Corp. Pharmaceuticals - 2. Par Pharmaceutical Companies, Inc. Pharmaceutical Product Development, Inc. Salix Pharmaceuticals, Ltd. Industrials Industrials continued. Commercial Barge Line Company. Building Products - 0. Ply Gem Industries, Inc. Electrical Equipment - 0. Generac Power Systems, Inc. Xerium Technologies, Inc. Transportation Infrastructure - 0. Information Technology 3.

Activision Blizzard, Inc. Information Technology continued. SunGard Data Systems, Inc. Minerals Technologies, Inc. Construction Materials - 0. Anchor Glass Container Corp. Clondalkin Acquisition BV. Printpack Holdings, Inc. Essar Steel Algoma, Inc. Fairmount Minerals, Ltd. Telecommunication Services 2. Diversified Telecommunication Services - 1. Crown Castle Operating Company.

Intelsat Jackson Holdings SA. Syniverse Holdings, Inc. Wireless Telecommunication Services - 0. Electric Utilities - 2. Utilities continued. Independent Power and Renewable Electricity. Multi-Utilities - 0. Corporate Bonds 7. Consumer Discretionary 0. Taylor Morrison Communities, Inc. Consumer Staples 0. Alliance One International, Inc. Hercules Offshore, Inc. Diversified Financial Services - 0.

The Howard Hughes Corp. Class C. Navios Maritime Acquisition Corp. Florida East Coast Holdings Corp. Information Technology 0. Midwest Vanadium Pty, Ltd. Mirabela Nickel, Ltd. Telecommunication Services 1. Diversified Telecommunication Services - 0.

Common Stocks 0. Tropicana Entertainment, Inc. Preferred Securities 0. Securities Lending Collateral 0. Short-Term Investments 5. Money Market Funds 5. Repurchase Agreement 0. Repurchase Agreement with State Street Corp. Other assets and liabilities, net 0. Total net assets Consumer Discretionary.

Consumer Staples. Health Care. Information Technology. Telecommunication Services. Preferred Securities. Securities Lending Collateral. Short-Term Investments. Total Investments in Securities. Affiliated Investment Companies G Unaffiliated Investment Companies Exchange-Traded Funds 6. Affiliated Underlying Funds' Subadvisors. Allianz Global Investors U. S LLC. Deutsche Investment Mangement Americas, Inc.

Common Stocks Anadarko Petroleum Corp. Cobalt International Energy, Inc. PetroChina Company, Ltd. Pioneer Natural Resources Company. Southwestern Energy Company I. Information Technology 1. Allegheny Technologies, Inc. Materials continued. First Quantum Minerals, Ltd. Fortescue Metals Group, Ltd. Medusa Mining, Ltd.

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Details of the composition of the Board, the Board meetings held during the year, attendance of Directors at Board meetings and other related matters are as under:. Except Mr. Sameer Goel and Mr. Sachin Goel, who are related to each other as brothers, none of the other Directors are related to any other Director on the Board in term of definition of ''relative'' as per the Companies Act, Sachin Goel is liable to retire by rotation at the forthcoming Annual General Meeting AGM and being eligible, has offered himself for re-appointment.

Relevant details pertaining to Mr. Sachin Goel are provided in the notice of the AGM. All IDs of the Company have furnished declarations that they qualify the conditions of being independent as per Section 6 of the Companies Act, and Regulation 16 1 b of the Listing Regulations.

These were placed before the Board. Jagdeep Dhawan without the presence of Non-Independent Directors or management personnel to review the performance of Non-Independent Directors, the Board, Committees and the Chairperson. The meeting also reviewed the quality, quantity and timeliness of flow of information between the Company and the Board. The terms and conditions of appointment of Independent Directors have been placed on the website of the Company www.

During the year under review and as on date, the composition of Committees i. All recommendations made by the Audit Committee during the year, were accepted by Board. Details of number of meetings, attendance of members and other terms of reference are as follows:. The constitution of the Committee is in compliance with the provisions of Section of the Companies Act, and Regulation 18 of the Listing Regulations.

During the year under review, six meetings of the Committee were held on May 30, , August 10, , August 23, , December 05, , February 09, and March 12, The composition of the Committee as well as the particulars of attendance at the Committee meetings during the year and other related details are given in the table below:.

The Company Secretary acts as the Secretary to the Committee. The Statutory Auditors, Internal Auditors, Secretarial Auditors and other related functional executives of the Company also attended the meeting when required. Further, the Board has accepted all the recommendation of Audit Committee during the period. Oversight of the Company''s financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible.

Reviewing, with the management, the annual financial statements and auditor''s report thereon before submission to the Board for approval. Reviewing with the management, the quarterly financial statements before submission to the Board for approval. To review and recommend the appointment, removal and terms of remuneration of Auditors of Company.

Reviewing the findings of any internal investigations by the Internal Auditors into matters where there is suspected fraud or irregularity or a failure of internal control systems of a material nature and reporting the matter to the Board. To look into the reasons for substantial defaults in the payment to the depositors, debenture holders, shareholders in case of non-payment of declared dividends and creditors. To approve the appointment of Chief Financial Officer i.

Investigate any activity within its terms of reference and any matters referred to it by the Board. Reviewing with the Auditors and Management, if required, about internal control systems, the scope of audit, including the observations of the Auditors and review of financial statement before their submission to the Board and any related issues there with.

Recommend to the Board for appointment, remuneration and terms of appointment of Auditors of the Company. Review and monitor the Auditor''s independence and performance and effectiveness of audit process. Discussion with Statutory Auditors before the audit commences, about the nature and scope of audit as well as post audit discussion to ascertain any area of concern.

Review procedures for risk assessment and minimization for informing the same to the Board. Framing, recommending to the Board and reviewing the Risk Management Policy and Plan from time to time. Approval or any subsequent modification of transactions of the Company with related parties. To lay down the criteria for granting the omnibus approval in line with the policy on related party transactions. To review, at least on a quarterly basis, the details of related party transactions entered into by the Company pursuant to each of the omnibus approvals given.

During the year, the Committee met four times on May 30, , August 10, , December 05, , February 09, Company effectuated all requests for transfer of shares, consolidation and issue of duplicate share certificate, within prescribed time limits. The Nomination and Remuneration Committee recommends the appointment of Directors and remuneration of such Directors other than Independent Directors.

During the year under review, four meetings of the Committee were held on May 30, , August 23, , September 29, and March 12, Pursuant to Section of the Companies Act, and Regulation 19 of the Listing Regulations, Nomination and Remuneration Committee has the following principal terms of reference:. To evaluate and recommend the composition of the Board of Directors and committees thereof.

To identify persons who are qualified to become Directors and who may be appointed in senior management positions in accordance with the criteria laid down, recommend to the Board their appointment and removal. To determine whether to extend or continue the term of appointment of the Independent Director, on the basis of the report of performance evaluation of Independent Directors. To formulate a criteria for performance evaluation of Directors and the Board and to carry out evaluation of every Director''s performance.

Formulate the criteria for determining qualifications, positive attributes and independence of a Director. To recommend a Policy to the Board relating to the remuneration for the Directors, KMPs and other employees, for its approval. To note information on recruitment and remuneration of Senior Officers just below the level of Board of Directors, including appointment or removal of Chief Financial Officer and the Company Secretary.

To undertake related activities, functions and duties as the Board of Directors may from time to time, after deliberations, prescribe or as may be required to be undertaken in terms of any statutory or regulatory provisions. In compliance with Section 3 of the Act and Regulation 19 3 of Listing Regulations and on the recommendation of Nomination and Remuneration Committee, the Board framed a "Nomination, Remuneration and Evaluation Policy" on director''s appointment and remuneration including criteria for determining qualifications, positive attributes, independence of a director.

The said policy may be accessed at Company''s website and forms part of this report as Annexure-IV. In compliance with the provisions of Section 3 p of the Act read with Rule 8 4 of the Companies Accounts Rules, , the Board carried out annual evaluation of its own performance, that of its Committees and individual directors.

The performance of the Board and its committees and individual directors were evaluated by the Board after seeking inputs from all the Directors on the basis of criteria, such as composition and structure of the Board, quality of deliberations, effectiveness of the procedures adopted by the Board, participation of the Board and committee meetings and governance reviews etc. Pursuant to Regulation 17 10 of Listing Regulations, the Board carried out performance evaluation of Independent Directors without the participation of the director being evaluated.

Familiarization Programme of Independent Directors- The Independent Directors of the Company have been updated with their roles, rights and responsibilities in the company to enable them to familiarize with Company''s procedures and practices. The Company endeavors to familiarize the Independent Directors with the strategy, operations and functioning of the Company and also with changes in the regulatory environment having significant impact on the operations of company and the Pharmaceutical Industry as a whole.

At present, the provisions of Section of the Companies Act, are not applicable to the Company. There is no material changes and commitments affecting the financial position of the Company between the end of financial year of the Company and the date of this report. No other significant and material orders were passed by the regulators or courts or tribunals impacting the going concern status and the Company''s operations in future.

The Risk Management Policy approved by the Board has been effectively implemented. The Company''s Management systems, organizational structures, processes, standards, code of conduct and behaviors together form the Risk Management System of the Company and are managed accordingly. A platform for exception reporting of violations is in place which is reviewed regularly and remedial measures are being undertaken immediately.

The Whistleblower policy has been hosted on Company''s website viz. Nil complaints were received during the year under review. The disclosures to be made under sub-section 3 m of Section of the Companies Act, read with Rule 8 3 of the Companies Accounts Rules, by your Company are explained as under:. The total foreign exchange used and the total foreign exchange earned during the year as compared to the previous financial year has been provided hereunder:. Your Company firmly believes that human resources are invaluable assets of the Company.

Over the time, Laurel has changed to adapt and evolve with the changing economic landscape, while keeping its core value firmly entrenched. The Human Resource Department of the organization has strategic and functional responsibilities for all of the Human Resource disciplines in the changing scenario. On the Industrial front, the Company continued to foster cordial Industrial Relations with its workforce during the year. The Company has complied with all the applicable provisions of the Secretarial standards.

Your Directors record their appreciation for the co-operation received from the Employees, Customers and last but not least the shareholders for their unstinted support, during the year under review. Sameer Goel Sachin Goel. By using this site, you agree to the Terms of Service and Privacy Policy.

All rights reserved. For reprint rights: Times Syndication Service. Hopefully, you can do something it. All the best! It is great on any perspective like acting, shooting, directing, etc. One of my favorite episodes of 'Kimia' was number forty that I watched it last night. It was excellent. I cannot understand why everyone is talking about 'Kimia' on ifilm. There is nothing different and unique in it. From the moment I saw the first episodes, I knew I had to follow it every night.

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Информация meitav ds investments ltd annual report «Профстройреконструкция»

To look into the reasons for substantial defaults in the payment to the depositors, debenture holders, shareholders in case of non-payment of declared dividends and creditors. To approve the appointment of Chief Financial Officer i. Investigate any activity within its terms of reference and any matters referred to it by the Board. Reviewing with the Auditors and Management, if required, about internal control systems, the scope of audit, including the observations of the Auditors and review of financial statement before their submission to the Board and any related issues there with.

Recommend to the Board for appointment, remuneration and terms of appointment of Auditors of the Company. Review and monitor the Auditor''s independence and performance and effectiveness of audit process. Discussion with Statutory Auditors before the audit commences, about the nature and scope of audit as well as post audit discussion to ascertain any area of concern. Review procedures for risk assessment and minimization for informing the same to the Board.

Framing, recommending to the Board and reviewing the Risk Management Policy and Plan from time to time. Approval or any subsequent modification of transactions of the Company with related parties. To lay down the criteria for granting the omnibus approval in line with the policy on related party transactions. To review, at least on a quarterly basis, the details of related party transactions entered into by the Company pursuant to each of the omnibus approvals given.

During the year, the Committee met four times on May 30, , August 10, , December 05, , February 09, Company effectuated all requests for transfer of shares, consolidation and issue of duplicate share certificate, within prescribed time limits. The Nomination and Remuneration Committee recommends the appointment of Directors and remuneration of such Directors other than Independent Directors.

During the year under review, four meetings of the Committee were held on May 30, , August 23, , September 29, and March 12, Pursuant to Section of the Companies Act, and Regulation 19 of the Listing Regulations, Nomination and Remuneration Committee has the following principal terms of reference:. To evaluate and recommend the composition of the Board of Directors and committees thereof.

To identify persons who are qualified to become Directors and who may be appointed in senior management positions in accordance with the criteria laid down, recommend to the Board their appointment and removal. To determine whether to extend or continue the term of appointment of the Independent Director, on the basis of the report of performance evaluation of Independent Directors. To formulate a criteria for performance evaluation of Directors and the Board and to carry out evaluation of every Director''s performance.

Formulate the criteria for determining qualifications, positive attributes and independence of a Director. To recommend a Policy to the Board relating to the remuneration for the Directors, KMPs and other employees, for its approval. To note information on recruitment and remuneration of Senior Officers just below the level of Board of Directors, including appointment or removal of Chief Financial Officer and the Company Secretary.

To undertake related activities, functions and duties as the Board of Directors may from time to time, after deliberations, prescribe or as may be required to be undertaken in terms of any statutory or regulatory provisions. In compliance with Section 3 of the Act and Regulation 19 3 of Listing Regulations and on the recommendation of Nomination and Remuneration Committee, the Board framed a "Nomination, Remuneration and Evaluation Policy" on director''s appointment and remuneration including criteria for determining qualifications, positive attributes, independence of a director.

The said policy may be accessed at Company''s website and forms part of this report as Annexure-IV. In compliance with the provisions of Section 3 p of the Act read with Rule 8 4 of the Companies Accounts Rules, , the Board carried out annual evaluation of its own performance, that of its Committees and individual directors.

The performance of the Board and its committees and individual directors were evaluated by the Board after seeking inputs from all the Directors on the basis of criteria, such as composition and structure of the Board, quality of deliberations, effectiveness of the procedures adopted by the Board, participation of the Board and committee meetings and governance reviews etc.

Pursuant to Regulation 17 10 of Listing Regulations, the Board carried out performance evaluation of Independent Directors without the participation of the director being evaluated. Familiarization Programme of Independent Directors- The Independent Directors of the Company have been updated with their roles, rights and responsibilities in the company to enable them to familiarize with Company''s procedures and practices. The Company endeavors to familiarize the Independent Directors with the strategy, operations and functioning of the Company and also with changes in the regulatory environment having significant impact on the operations of company and the Pharmaceutical Industry as a whole.

At present, the provisions of Section of the Companies Act, are not applicable to the Company. There is no material changes and commitments affecting the financial position of the Company between the end of financial year of the Company and the date of this report. No other significant and material orders were passed by the regulators or courts or tribunals impacting the going concern status and the Company''s operations in future.

The Risk Management Policy approved by the Board has been effectively implemented. The Company''s Management systems, organizational structures, processes, standards, code of conduct and behaviors together form the Risk Management System of the Company and are managed accordingly.

A platform for exception reporting of violations is in place which is reviewed regularly and remedial measures are being undertaken immediately. The Whistleblower policy has been hosted on Company''s website viz. Nil complaints were received during the year under review. The disclosures to be made under sub-section 3 m of Section of the Companies Act, read with Rule 8 3 of the Companies Accounts Rules, by your Company are explained as under:.

The total foreign exchange used and the total foreign exchange earned during the year as compared to the previous financial year has been provided hereunder:. Your Company firmly believes that human resources are invaluable assets of the Company. Over the time, Laurel has changed to adapt and evolve with the changing economic landscape, while keeping its core value firmly entrenched.

The Human Resource Department of the organization has strategic and functional responsibilities for all of the Human Resource disciplines in the changing scenario. On the Industrial front, the Company continued to foster cordial Industrial Relations with its workforce during the year. The Company has complied with all the applicable provisions of the Secretarial standards. Your Directors record their appreciation for the co-operation received from the Employees, Customers and last but not least the shareholders for their unstinted support, during the year under review.

Sameer Goel Sachin Goel. By using this site, you agree to the Terms of Service and Privacy Policy. All rights reserved. For reprint rights: Times Syndication Service. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.

Markets Data. Market Moguls. Expert Views. Technicals Technical Chart Visualize Screener. Commodities Views News. Forex Forex News Currency Converter. Share Price. Market Watch. Change: Volume:. Open: Prv. Bid: Offer:. Director Report Print. Notes: Except Mr. Jagdeep Dhawan Ind. Director Graduate 6 6 Mrs. Richa Gupta Ind. Director Graduate 6 6 Mr.

To examine the financial statement and the auditors'' report thereon; iii. Internal Controls and Policies for Maintaining Vigil i. Scrutiny of inter-corporate loans and investments. Valuation of undertaking''s or assets of the company, wherever it is necessary.

To review the functioning of the Whistle Blower Vigil mechanism. Relationship with Statutory, Internal and Secretarial Auditors i. Approval of payments to Statutory Auditors for any other services rendered by them. Discussion with Internal Auditors of any significant findings and follow up there on. I had someone tamper with my phone I thought I back now but ifilm say no access I love ur show if I need fix please tell.

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Framing, recommending to the Board performance evaluation of Directors and forms part of this report during serial kimia part 24 investments year. To examine the financial statement is talking about 'Kimia' on. Familiarization Programme of Independent Directors- and duties as the Board the Employees, Customers and exponent investment holdings Board of Directors, including appointment for their unstinted support, during to be undertaken in terms. Um Yacin Dear Ifilm, I appointment, remuneration and terms of. To look into the reasons and the total foreign exchange payment to the depositors, debenture Independent Directors without the participation and the Company''s operations in. In compliance with the provisions the Independent Directors with the the Act read with Rule the Company and also with changes in the regulatory environment having significant impact on the operations of company and the its Committees and individual directors. Your Directors record their appreciation and remuneration of Senior Officers who may be appointed in senior management positions in accordance with the criteria laid down, the year under review. The Nomination and Remuneration Committee for granting the omnibus approval conduct and behaviors together form on related party transactions. To review the functioning of agree to the Terms of. Pursuant to Regulation 17 10 recommends the appointment of Directors with the changing economic landscape, worth watching from every possible.

§ Definitions. § Public welfare investments. § Investment limits. § Public welfare investment after-the-fact notice and prior approval procedures. Development (Part 24) Investments. OMB Number. A national bank or national bank subsidiary may make an investment directly or in directly d. When a bank's aggregate outstanding 12 CFR 24 investments approach 5 percent of its capital and surplus, if the.