DOCSLIB.ORG

Focus Suites Solutions & Services Limited

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Focus Suites Solutions & Services Limited Draft Prospectus Dated: December 11,2017 Please read Section 26 of the Companies Act, 2013 100% Fixed Price Issue FOCUS SUITES SOLUTIONS & SERVICES LIMITED Our Company was incorporated as “Focus Suites Solutions & Services Private Limited” at Bangalore as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated July 18, 2006 bearing Corporate Identification Number U72200KA2006PTC039993 issued by Registrar of Companies, Karnataka. Subsequently, our Company was converted into a public limited company pursuant to shareholders resolution passed at Annual General Meeting of our Company held on September 29, 2017 and the name of our Company was changed to Focus Suites Solutions & Services Limited and a fresh certificate of incorporation consequent upon Conversion of Private Company to Public Company dated November 16, 2017 was issued by Registrar of Companies, Bangalore, Karnataka. The Corporate Identification Number of our Company is U72200KA2006PLC039993. For details of Incorporation, Change in the Name and Registered Office of our Company, please refer to chapters titled “General Information” and “Our History and Certain Other Corporate Matters” beginning on pages 57 and 128 of this Draft Prospectus. Registered Office: 2nd Floor, Kalpak Arcade, No. 46/17, Church Street, Bangalore, Karnataka 560001, India Tel. No.: +91 80 41757500; Fax No.: NA Corporate Office: C-108, Kanakia Zillion, LBS Marg, Gateway to BKC, Kurla West, Mumbai 400070, Maharashtra, India Tel. No.: +91 022 26540725; Fax No.: NA Contact Person: Nidhi Sharma, Company Secretary and Compliance Officer Email: [email protected]; Website: www.focus-suites.com PROMOTER OF OUR COMPANY: MAJESTIC MARKET RESEARCH SUPPORT SERVICES LIMITED THE ISSUE INITIAL PUBLIC ISSUE OF UPTO 36,08,000* EQUITY SHARES OF FACE VALUE RS. 10/- EACH FULLY PAID FOR CASH AT A PRICE OF [] PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. [] PER EQUITY SHARE) (THE “ISSUE PRICE”) AGGREGATING UP TO RS []** LAKHS (THE”ISSUE”) OF WHICH UPTO [] EQUITY SHARES OF FACE VALUE RS. 10/- EACH FOR CASH AT A PRICE OF RS. [] PER EQUITY SHARE, AGGREGATING RS. []WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE “MARKET MAKER RESERVATION PORTION”). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF [] EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. [] PER EQUITY SHARE, AGGREGATING RS. [] IS HEREINAFTER REFERED TO AS THE “NET ISSUE”. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE []% AND []%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE OF RS. [] IS [] TIMES OF THE FACE VALUE OF THE EQUITY SHARES. In terms of SEBI Circular No. CIR/CFD/POLICYCELL/11/2015, all potential investors shall participate in the Offer only through an Application Supported by Blocked Amount (“ASBA”) process providing details about the bank account which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) for the same. For details in this regard, specific attention is invited to the chapter titled “Issue Procedure” beginning on page 205 of this Draft Prospectus. A copy of Prospectus will be delivered for registration to the Registrar of Companies, Bangalore, Karnataka as required under Section 26 of the Companies Act, 2013. THE ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009, AS AMENDED FROM TIME TO TIME (“SEBI (ICDR) REGULATIONS”). For further details please refer the section titled ‘Issue Information’ beginning on page 197 of this Draft Prospectus. RISKS IN RELATION TO FIRST ISSUE This being the first public Issue of our Company, there has been no formal market for our Equity Shares. The face value of the Equity Shares of our Company is Rs.10 and the Issue price of Rs. [] per Equity Share is [] times of the face value. The Issue Price (as determined by our Company in consultation with the Lead Manager as stated in the chapter titled ‘Basis for issue Price’ beginning on page [] of this Draft Prospectus) should not be taken to be indicative of the market price of the Equity Shares after such Equity Shares are listed. No assurance can be given regarding an active and/or sustained trading in the Equity Shares or regarding the price at which the Equity Shares will be traded after listing. GENERAL RISKS Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. For taking an investment decision, investors must rely on their own examination of the Company and this Issue, including the risks involved. The Equity Shares offered in the Issue have not been recommended or approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of the contents of this Draft Prospectus. Specific attention of the investors is invited to the section titled ‘Risk Factors’ beginning on page [] of this Draft Prospectus. ISSUER’S ABSOLUTE RESPONSIBILITY The Issuer, having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Prospectus contains all information with regard to the Issuer and this Issue, which is material in the context of this Issue, that the information contained in this Draft Prospectus is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission or inclusion of which makes this Draft Prospectus as a whole or any of such information or the expression of any such opinions or intentions, misleading, in any material respect. LISTING The Equity Shares of our Company offered through this Draft Prospectus are proposed to be listed on the SME platform of BSE Limited (‘BSE SME’). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, our Company has received an In-Principle approval letter dated [] from BSE Limited for using its name in this offer document for listing of our shares on the SME Platform of BSE Limited. For the purpose of this Issue, SME Platform of the BSE Limited shall be the Designated Stock Exchange. LEAD MANAGER TO THE ISSUE REGISTRAR TO THE ISSUE PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED BIGSHARE SERVICES PRIVATE LIMITED 406-408, Keshva Premises, Behind Family Court, 1st Floor, Bharat Tin Works Building, Opp. Vasant Bandra Kurla Complex, Bandra (East), Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400051, Maharashtra, India Mumbai-400059 Tel: +91-22 6194 6700; Fax: +91-22 2659 8690 Tel: +91 22 6263 8200 Website: www.pantomathgroup.com Fax: +91 22 6263 8299 Email: [email protected] Email: [email protected] Investor Grievance Id: [email protected] Website: www.bigshareonline.com Contact Person: Lokesh Shah/ Unmesh Zagade Contact Person: Babu Raphael SEBI Registration No: INM000012110 SEBI Registration No: INR000001385 ISSUE PROGRAMME ISSUE OPENS ON [l] ISSUE CLOSES ON [l] Note: All correspondence should be directed to Corporate Office. *Number of shares may need to be adjusted for lot size upon determination of issue price **Subject to finalisation of basis of Allotment Contents SECTION I - GENERAL ....................................................................................................................... 3 DEFINITION AND ABBREVIATION ............................................................................................. 3 PRESENTATION OF FINANCIAL, INDUSTRY AND MARKET DATA................................... 14 FORWARD LOOKING STATEMENT ........................................................................................... 16 SECTION II – RISK FACTORS .......................................................................................................... 17 SECTION III - INTRODUCTION ....................................................................................................... 38 SUMMARY OF INDUSTRY ........................................................................................................... 38 SUMMARY OF OUR BUSINESS .................................................................................................. 42 SUMMARY OF FINANCIAL STATEMENTS .............................................................................. 50 THE ISSUE ....................................................................................................................................... 56 GENERAL INFORMATION ........................................................................................................... 57 CAPITAL STRUCTURE ................................................................................................................. 65 OBJECTS OF THE ISSUE ............................................................................................................... 86 BASIS FOR THE ISSUE PRICE ..................................................................................................... 94 STATEMENT OF POSSIBLE TAX BENEFITS ............................................................................ 98 SECTION IV - ABOUT THE COMPANY .......................................................................................
Load more

Recommended publications
  • The Shareholder As Ulysses: Some Empirical Evidence on Why Investors in Public Corporations Tolerate Board Governance
    INVESTORS' CHOICES THE SHAREHOLDER AS ULYSSES: SOME EMPIRICAL EVIDENCE ON WHY INVESTORS IN PUBLIC CORPORATIONS TOLERATE BOARD GOVERNANCE LYNN A. STOUTt This Article evaluates two possible explanationsfor why shareholders of public corporations tolerate board control of corporate assets and outputs: the widely accepted monitoring hypothesis, which posits that shareholders rely on boards primarily to control the "agency costs" associated with turning day-to-day control over the firm over to self-interested corporate executives, and the mediating hypothesis, which posits that shareholders also seek to "tie their own hands" by ceding control to directors as a means of attracting the extracontractual,firm- specific investments of such stakeholder groups as executives, creditors, and rank- and-file employees. Part I reviews each hypothesis and concludes that each is theoretically plausible and internally consistent, and that the validity of each theory must be established or rejected on the basis of empirical evidence. Part II evaluates the available empirical evidence, including new evidence on charter provisions of initial public offerings, and concludes that, as both a positive and a normative matter, corporate takeover law is consistent with the view that directorsare not just monitors, but also perform a mediatingfunction. Finally, Part III discussesfuture directions for empirical research, identifies some pitfalls to be avoided, and concludes that the current empirical evidence favors the mediating model. INTRODUCTION Shareholders are often described as the "owners" of corporations.' Since at least the days of Adolph Berle and Gardiner Means, however, t Professor of Law, University of California at Los Angeles School of Law; Principal Investigator, UCLA-Sloan Foundation Research Program on Business Organizations.
    [Show full text]
  • Avoiding a Limited Future for the De Facto LLC and LLC by Estoppel
    DURUIGBO FINALIZED_TWO 8/9/2010 11:48 PM AVOIDIG A LIMITED FUTURE FOR THE DE FACTO LLC AD LLC BY ESTOPPEL Emeka Duruigbo* I. INTRODUCTION Entrepreneurs, courts and scholars have long grappled with the problem of defects arising in the course or process of organizing a business. Promoters’ failure to follow all the steps designated by statute for the valid existence of their business entity of choice exposes the owners of the putative, but officially non-existent, entity to personal liability for contractual obligations incurred in its name or torts committed in the course of its business. 1 Other pertinent questions pertain to whether the “entity” * Associate Professor of Law, Thurgood Marshall School of Law (TMSL), Texas Southern University. Special thanks to Dean Dannye Holley and Professors Thomas Kleven and Asmara Tekle Johnson of TMSL for productive discussions and invaluable suggestions on earlier drafts. Many thanks for the helpful comments of Professor Joseph Karl Grant of Capital University Law School and participants at the Midwest People of Color Legal Scholarship Conference held on May 7-10 2009 at the University of Iowa College of Law, where a version of this article was presented. Further thanks to Jennifer Chidi (JD 2009) and David Stewart (JD 2009) for research assistance ably performed over the course of several semesters. Research for this article was supported by a generous grant from the summer stipend program at TMSL. 1. For example, notwithstanding the simplification of the process of incorporation, many incorporators fail to comply with the minimal statutory requirements for a valid incorporation of a business enterprise.
    [Show full text]
  • Spicy Entertainment and Media Limited
    DRAFT PROSPECTUS 100% Fixed Price Issue Please read Section 26 and 32 of the Companies Act, 2013 Dated 2nd March, 2016 SPICY ENTERTAINMENT AND MEDIA LIMITED (CIN- U22219WB2012PLC188312) Our Company was originally incorporated as “Lahoti Entertainment & Media Limited” in Kolkata, West Bengal as a Public Limited Company under the provisions of the Companies Act, 1956 vide Certifi cate of Incorporation dated 15th November, 2012 bearing Registration Number: 188312 issued by the Registrar of Companies, Kolkata, West Bengal and having Certifi cate for Commencement of Business dated 11th December, 2012. Subsequently, the name of Our Company was changed to “Spicy Entertainment and Media Limited” and a fresh Certifi cate of Incorporation dated 7th November, 2014 issued by the Registrar of Companies, Kolkata, West Bengal. The Corporate Identifi cation Number of our Company is U22219WB2012PLC188312. For further details of incorporation, change of name and registered offi ce of our Company, please refer to chapter titled “General Information” and “Our History and Corporate Structure” beginning on page 36 and 120 respectively of this Draft Prospectus. Registered Offi ce: 4, Fairlie Place, HMP House, 4th Floor, Room No – 408, Kolkata – 700 001, West Bengal Tel: +91-33-40088181 / +91 8820500005 / +91 8820400004 Email: [email protected]; Website: www.spicyy.in Company Secretary & Compliance Offi cer: Ms. Neha Barnwal PROMOTERS OF OUR COMPANY: M/S. PINK LADY MERCHANDISE PRIVATE LIMITED & MR. ANINDYA BIKAS DATTA THE ISSUE PUBLIC ISSUE OF 48,20,000 EQUITY SHARES OF RS. 10 EACH (“EQUITY SHARES”) OF SPICY ENTERTAINMENT AND MEDIA LIMITED (“SEML” OR THE “COMPANY” OR THE “ISSUER”) FOR CASH AT A PRICE OF RS.
    [Show full text]
  • Governance Watch
    Monthly Newsletter January 2015 Governance Watch Monthly Newsletter SEBI Discussion Paper - Amendments for Restrictions on Wilful Defaulters SEBI floated a discussion paper on proposed amendments to regulations framed under SEBI Act, 1992 for Imposing Restrictions on Wilful Defaulters. Following are the rec- ommendations made to impose restrictions on willful defaulters from accessing the capital market: Recommendation 1 No issuer shall make a public issue of equity securities, if the issuer, its pro- moter, group company or director of the Issuer of such securities, is in the list "Whether you think you can or whether you think you can’t, you’re of the Wilful defaulters, published by the Reserve Bank of India. right” - Henry Ford Recommendation 2 Inside this Issue: No issuer shall make a public issue of the debt securities, if the issuer, its pro- moter, group company or director of the Issuer of such securities, is in the list SEBI Discussion Paper - of the Wilful defaulters, published by the Reserve Bank of India or it is in de- Amendments for Restric- fault of payment of interest or repayment of principal amount in respect of tions on Wilful Defaulters debt instruments issued by it to the public, if any. SEBI Discussion Paper - Reclassification of Promot- Recommendation 3 ers as Public No issuer shall make a public issue of non-convertible redeemable preference shares , if the issuer, its promoter, group company or director of the Issuer of On Focus: Sustainability Reporting such securities, is in the list of the Wilful defaulters, published by the Reserve Bank of India or it is in default of payment of interest or repayment of princi- About Us pal amount in respect of debt instruments issued by it to the public, if any.
    [Show full text]
  • MCO-10-BLOCK-01.Pdf
    The source materials used in this block are designed and developed by e-pg pathshala, a joint initiative of MHRD, Govt. of India and NCERT under NMEICT (Executed by UGC). Some of the materials are also borrowed from openstax.org. Master Of Commerce (MCOM) MCO-10 Corporate Legal Framework Block-1 Companies Act 2013 Unit-1 Broad Features of ICA 2013 Unit-2 Types of Companies Unit-3 Incorporation of Company Unit-4 Memorandum of Association Unit-5 Articles of Association & Prospectus UNIT-1 BROAD FEATURES OF ICA 2013 Structure: 1.0 Objectives 1.1 Introduction 1.2 Indian Companies Act 2013 1.3 Objectives 1.4 Nature and Scope 1.5 Machinery for Administration 1.6 Meaning & Definition of Company 1.7 Company and Body Corporate 1.8 Company and Corporation 1.9 Summary 1.10 Keywords 1.11 Further Readings 1.12 Terminal Questions 1.0 OBJECTIVES After studying this module: ● You shall be able to Know the meaning of company ● Learn the broad features of the Companies Act 2013 ● Understand how the Companies Act is implemented 1.1 INTRODUCTION In general, company means an association of persons for a common object. The term ‘company’ is derived from the Latin word “com” means with or together, panis means bread, and originally referred to an association of persons who take their meals together. Company as a form of business is traditionally called ‘joint-stock company’. “By a company is meant an association of many persons who contribute money or money’s worth to a common stock and employ it for a common purpose.
    [Show full text]
  • Mandatory Disclosure As a Solution to Agency Problems Paul G
    Mandatory Disclosure as a Solution to Agency Problems Paul G. Mahoneyt INTRODUCTION Most sellers of goods or services are not legally compelled to provide particular information about their products to potential buyers; they must merely avoid making false claims. One impor- tant exception relates to securities. Firms that issue securities in the public markets must provide affirmative disclosures about the securities and the issuer. This is true not only in the United States, but in most developed countries. What accounts for the distinction between securities and other products? Surprisingly few attempts have been made to justify the distinction on efficiency grounds. The initial approach of academ- ic economists to the United States securities laws was to marshal empirical evidence that investors were, or were not, better off after the enactment of these laws.' In response to the empirical debate, a small but influential theoretical literature has devel- oped on the efficiency of mandatory disclosure.2 That literature identifies the goal of mandatory disclosure as helping market participants to determine prices for securities that accurately t Assistant Professor of Law, University of Virginia School of Law. I thank Barry Adler, Mike Dooley, Jill Fisch, Reinier Kraakman, Ed Kitch, Julia Mahoney, Eric Orts, Steve Thel, George Triantis, Bill Williams, and workshop participants at the University of Pennsylvania Law School and the University of Toronto Faculty of Law for comments. Andrew Brownstein and Jennifer Mink provided excellent research assistance. ' See George J. Stigler, Public Regulation of the Securities Markets, 37 J Bus 117 (1964) (arguing that returns to investors in new issues were unaffected by securities laws); Irwin Friend and Edward S.
    [Show full text]
  • A Brief History of Delaware's General Corporation Law of 1899
    Delaware Journal Of Corporate Law VOLUME 1 1976 NUMBER 2 0 Copyright 1976 by the Delaware Law School of Widencr College, Inc. A BRIEF HISTORY OF DELAWARE'S GENERAL CORPORATION LAW OF 1899 By JOEL SELIGMAN* TO INAUGURATE the Delaware Journal of Corporate Law, Wilmington attorney S. Samuel Arsht published "A History of Delaware Corporation Law."' It is a curious document, at once candid and opaque. Arsht began with an acknowledgment of recent criticisms of the Delaware General Corporation Law and his anxiety that insufficient "emphasis has been given to the positive aspects of the development of the Delaware law."'2 He then crisply described the 189 year history of Delaware corporation law as one intermittent with concern for "the interests of American business and industry" and scandal, in both instances leavened by the fairness of the Delaware judiciary. In Arsht's view, the history of Delaware corporation law can be divided into two parts: first, a relatively inconsequential period dating from 1786 when Delaware issued its first special charter to 1899 when Delaware enacted its present General Corporation Law; and second, the history from 1899 to the present under the General Corporation Law. The earlier phase is particularly one of mystery. On February 2, 1786, Delaware issued its first special charter to the Colonial Bank of America.' This special act was followed by an increasing number of subsequent special incorporation acts through 1875 when the Consti- tution of 1831 was amended to grant the legislature the power "to enact * Mr. Seligman is a member of the California bar and of the Corporate Account- ability Research Group located in Washington, D.C.
    [Show full text]
  • Project Report on “Financial Scams in India” Bachelors Of
    PROJECT REPORT ON “FINANCIAL SCAMS IN INDIA” BACHELORS OF MANAGEMENT STUDIES (BMS) UNDER GUIDANCE OF PROF. SATHISH IN THE PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF DEGREE OF BACHELOR OF MANAGEMENT STUDIES (BMS) BY SONIA SURESH S.I.C.E.S DEGREE COLLEGE OF ARTS, COMMERCE & SCIENCE AMBERNATH (W) 421505 UNIVERSITY OF MUMBAI S.I.C.E.S DEGREE COLLEGE OF ARTS, COMMERCE & SCIENCE CERTIFICATE OF PROJECT COMPLETION Certified that the Project Report titled Financial scams in India has been completed satisfactorily in partial fulfillment of B.M.S course of the University of Mumbai, Mumbai for the academic year 2015-2016 by Sonia Suresh a student of “S.I.C.E.S DEGREE COLLEGE” Ambernath. Place: Ambernath Principal DECLARATION I SONIA SURESH, student of S.I.C.E.S COLLEGE OF ARTS, COMMERCE & SCIENCE T.Y.B.M.S hereby declare that I have completed this project on Financial Scams in India in the academic year 2015- 2016. The information submitted is true and original to the best of my knowledge. SIG NATURE OF THE STUDENT (SONIA SURESH) DATE: SEEN BY INTERNAL EXAMINER: ___________________ SIGNATURE: ___________________ EXTERNAL EXAMINER: ___________________ SIGNATURE: ___________________ ACKNOWLEDGEMENT The class assignments and the two hundred marks project is an essential part of the BMS program and I am deeply grateful to the University of Mumbai to have introduced this project as a of our curriculum. The successful completion of the project on “FINANCIAL SCAMS OF INDIA” Has been a great learning experience. I am also grateful to Sathish sir, for having given me guidance and help for the successful completion of my project.
    [Show full text]
  • Chapter 23 "Corporation: General Characteristics and Formation"
    This is “Corporation: General Characteristics and Formation”, chapter 23 from the book The Legal Environment and Foundations of Business Law (index.html) (v. 1.0). This book is licensed under a Creative Commons by-nc-sa 3.0 (http://creativecommons.org/licenses/by-nc-sa/ 3.0/) license. See the license for more details, but that basically means you can share this book as long as you credit the author (but see below), don't make money from it, and do make it available to everyone else under the same terms. This content was accessible as of December 29, 2012, and it was downloaded then by Andy Schmitz (http://lardbucket.org) in an effort to preserve the availability of this book. Normally, the author and publisher would be credited here. However, the publisher has asked for the customary Creative Commons attribution to the original publisher, authors, title, and book URI to be removed. Additionally, per the publisher's request, their name has been removed in some passages. More information is available on this project's attribution page (http://2012books.lardbucket.org/attribution.html?utm_source=header). For more information on the source of this book, or why it is available for free, please see the project's home page (http://2012books.lardbucket.org/). You can browse or download additional books there. i Chapter 23 Corporation: General Characteristics and Formation LEARNING OBJECTIVES After reading this chapter, you should understand the following: 1. The historical background of the corporation 2. How partnerships compare with corporations 3. What the corporation is as a legal entity, and how corporate owners can lose limited liability by certain actions 4.
    [Show full text]
  • Chapter 43 Corporation: General Characteristics and Formation LEARNING OBJECTIVES After Reading This Chapter, You Should Understand the Following
    that the trend toward limited liability gives bad actors little incentive to behave ethically because the losses caused by their behavior are mostly not borne by them that too few modern professional partnerships will see any need for malpractice insurance One of the advantages to the LLC form over the sub-S form is in the sub-S form, corporate profits are effectively taxed twice. the sub-S form does not provide “full-shield” insulation of liability for its members. the LLC cannot have a “manager-manager” form of control, whereas that is common for sub-S corporations. the LLC form requires fewer formalities in its operation (minutes, annual meetings, etc.). SELF-TEST ANSWERS 1. d 2. e (that is, a and d) 3. d (Choice a is wrong because as a secured creditor Puentes can realize on the collateral without regard to other creditors’ payment.) 4. c 5. d [1] Under ULPA-2001, the general partner has limited liability. Chapter 43 Corporation: General Characteristics and Formation LEARNING OBJECTIVES After reading this chapter, you should understand the following: 1. The historical background of the corporation 2. How partnerships compare with corporations Saylor URL: http://www.saylor.org/books Saylor.org 1513 3. What the corporation is as a legal entity, and how corporate owners can lose limited liability by certain actions 4. How corporations are classified The corporation is the dominant form of the business enterprise in the modern world. As a legal entity, it is bound by much of the law discussed in the preceding chapters. However, as a significant institutional actor in the business world, the corporation has a host of relationships that have called forth a separate body of law.
    [Show full text]
  • Ananda Das Gupta Texts and Cases from the Indian Perspective
    India Studies in Business and Economics Ananda Das Gupta Business Ethics Texts and Cases from the Indian Perspective Business Ethics India Studies in Business and Economics The Indian economy is considered to be one of the fastest growing economies of the world with India amongst the most important G-20 economies. Ever since the Indian economy made its presence felt on the global platform, the research community is now even more interested in studying and analyzing what India has to offer. This series aims to bring forth the latest studies and research about India from the areas of economics, business, and management science. The titles featured in this series will present rigorous empirical research, often accompanied by policy recommendations, evoke and evaluate various aspects of the economy and the business and management landscape in India, with a special focus on India’s relationship with the world in terms of business and trade. For further volumes: http://www.springer.com/series/11234 Ananda Das Gupta Business Ethics Texts and Cases from the Indian Perspective Ananda Das Gupta Jnana Bharathi Campus Indian Institute of Plantation Management Bangalore, India ISBN 978-81-322-1517-2 ISBN 978-81-322-1518-9 (eBook) DOI 10.1007/978-81-322-1518-9 Springer New Delhi Heidelberg New York Dordrecht London Library of Congress Control Number: 2013950417 © Springer India 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifi cally the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfi lms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed.
    [Show full text]