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Code of Ethics
This is when government-owned shareholding in companies is sold off to the private sector. This can be done either through a public offering, or a tender or a private contract. Private ownership of companies tends to increase overall efficiency and this leads to a substantial increase in profits..
This is any general meeting other than the annual general meeting called to seek shareholders’ consent on urgent issues. These issues could be the removal of an executive, a takeover, amalgamation, induction of a new director into the board or even large scale borrowing..
The last reported price at which a share was sold at the stock exchange. It is also referred to as the market value..
This is when two people or more come together to apply for shares in a new issue. They hold the shares jointly. While signing the deed of transfer after a sale of shares, all shareholders must sign. It is also referred to as joint ownership..
This is a form of bankruptcy where an independent party, the receiver-manager is appointed to run the company to recoup as much of the unpaid loans as possible. A receiver must try to save the firm and if unable to do so it is sold or liquidated..