Monthly Archives: February 2018

Managing Parent – Subsidiary Relationship

Managing Parent – Subsidiary Relationship

Introduction

A Company that owns more than 50% of the stock is said to be the parent company of the Subsidiary. A subsidiary may be wholly or partially owned by the parent company. The Parent company incorporates the subsidiary, names its board of directors and officers, and adopts bylaw provisions preserving the parent’s control on its subsidiary. The subsidiary must be established and recognized by the parent, as well as third parties, as an independent corporation managed by a board of directors.

It is important that the subsidiary is recognized as an independent corporation managed by the board of directors even though it was incorporated by the parent company. This does not mean that the subsidiary is uncontrolled. The parent company has the legal authority to hold the subsidiary accountable to meet the financial objectives.

For the Parent company to control the independent subsidiary it should be
The sole shareholder
Include voting control provisions in subsidiary article
Prepare bylaws defining the authority of the officers, their term in the office and removal
Prohibit bylaws amendment without shareholders approval

Managing Parent-Subsidiary Relationship

As long as the parent company holds its subsidiary accountable for the expectations of its board of directors there is little risk for the parent for the wrong doings of the subsidiary. If the parent company exercises excessive control over the subsidiary, i.e., having the same board of directors, using a common letterhead, sharing office facilities, then the distinction between the parent and the subsidiary will be at risk. A subsidiary can be held accountable for its performance by the parent company by its voting control. It also has the authority to select the board of directors. This board manages the affairs of the subsidiary, makes policy, selects its officers and functions as a governing body. Most critical is the decision taken by the parent company in selecting the board of directors.

How to Choose Distance Learning Courses

How to Choose Distance Learning Courses

When you have to choose between distance learning courses there is a set of questions you need to ask and other factors to consider before you pick the direction you want to study in. There are a myriad of courses available to choose between and all of them look as inviting as the next.

The questions

What kind of qualification will I receive? You need to establish what type of qualification you need before you enrol for the course. You might find different courses offering different types of qualifications in the same field of study.

What will I learn during the course? It is important that you study the course outlines of the distance learning courses you are considering. This way you will be sure that you pick the relevant course for your studies.

How will the course be taught and will I have access to teachers? You need to find out this information as some courses only requires work assignments and practical exams while others might require written examinations.

The importance of access to a lecturer cannot be understated; it may the only place you find help when you are struggling with certain aspects of the study field.

What course materials will I receive? The study materials you receive for distance learning courses might make or break your study experience. Some educational institutions will include the material as part of the tuition fee while you might need to pay additionally for it at others.

What is assessed during the course? The assessment will provide you with valuable detail of how the qualification will improve your skills sets.

How much does it cost? The cost of the distance learning courses will surely affect your choice. You should however inquire if there are any hidden costs involved, like additional course materials and examination fees.

Are there any set application dates? Some learning facilities has set dates to apply for specific courses; you will need to apply for the course in due time.

Do the course require a deposit with monthly pay offs or do I need to pay for the course in full during application? Once off payment distance learning courses might be a better option as you might not need to sign any debit orders and incur additional banking fees.

Conclusion

When you are choosing a study direction or course you need to ask all these questions to ensure that you pick the best course for your specific needs. You need to think about the type of qualification, study materials and costs involved. Another aspect that might be of concern is if the institution is a registered institution and the courses they provide are accepted by the potential employees you are thinking of for your future career possibilities. If you are simply looking for additional training to further your own business acumen a registered course might not be needed.

Enhance Your Study Skills with Study Skills Tips

Enhance Your Study Skills with Study Skills Tips

When we sit to study we need our full concentration which most of the time is lacking as our mind is most of the time lost in other things, and too much pressure on our minds at a time leads to confusion as a result of which we are not able to gasp the syllabus in the way effective enough to get us good results. To overcome such difficulties while studying it becomes necessary that you find some solutions which can help you in Improving Study Skills and let you complete your syllabus even within time restrictions. It is not at all necessary to study in any bounded way, because one can explain you your chapters but can’t teach you how to put them in your mind as every mind works at its own speed and pace and so same technique of studying can’t prove out to be useful for everyone. So the best way to put it is to find your own effective way of studying which prove out useful for you and help you complete your syllabus on time. When you have to finish a huge chunk of your course before your examinations then apply few of these Study Skills Tips to get through it. First and the foremost tip to keep in mind while studying is not to create a chaos and take it easy, as chaos only leads to confusions and no results. Try focusing on the important stuff essential for attempting your papers and avoid any unnecessary piece of information if it’s not very much required. Apply speed reading to fasten up the learning process; it saves your time both from learning and reading and to avoid the fear of missing out words try reading more than once. Improve your memory through some memory techniques and insert bulletin points, visual images and flow charts in your notes to make it less complicated and more interesting. Syllabus in colleges is harder and vast thus requires more time and better memory and so the College Study Skills also need to be different. To cope up with speed completion of the syllabus and vast variety of things to learn it becomes essential to let go word to word reading and understanding and to focus on getting the grip of what you need to study and then mould it in the form which helps you understand it all within less time and efforts.

>

The author is an experienced Content writer and publisher for Business Development. Visit at to know more about Improving Study Skills and College Study Skills .

Singapore A World-class Education Hub With Sky-high Tuition Costs

Singapore A World-class Education Hub With Sky-high Tuition Costs

Singapores education system has been described as “world-leading” and was among those picked out for commendation by British education minister, Michael Gove, last year. Perhaps, the governments efforts in providing each child with schooling opportunities are indeed laudable, but still, parents complain of the rigid and competitive nature of this very system. So maybe, the most nerve-wrecking, mind-boggling issue on every Singaporean parents mind is how can my child be one of the best? Surely, the recent implementation of Teach Less, Learn More does nothing to ease this tension, and to study independently seems not to be the nature of our law-abiding kids, whom our Western counterparts tend to dismiss as lacking the inquisitive spirit and/or innovation. But it seems our parents have found an alternative to induce this spirit through intensive tuition.

H2 Mathematics Tuition and H2 Physics Tuition are two of the most common subjects being sort after by Singapores high school students to be tutored. A Sunday Times poll conducted by the Straits Times found that out of 100 students, 97 students are attending tuition. Singaporean parents are enrolling their children in multiple tuition centers, many willing to pay up to S$3000 a month engaging multiple Top Tutors especially for higher level education, e.g., Junior College and/or higher. With the aim of establishing a robust Science Hub, Singaporean parents see the need for their child to be equipped with the necessary, and hence are willing to pay, regardless the price, for crucial science stream subjects, investing in H2 Mathematics Tuition and H2 Physics Tuition.

There are parents who prefer to engage Top Tutors for private home tuition, which are especially common for high school students dealing with more complex and difficult subjects. The rates for Top Tutors can range from S$35/hr to S$80/hr depending on the popularity and level of the tutor. Group or class tuition is also increasingly available in Singapore. Not only is it a cheaper alternative, they also feel that their child will benefit and learn more from interacting with others while asking questions during tuition a form of inducing an inquisitive spirit. The class size of a typical H2 Physics Tuition or H2 Mathematics Tuition classes are often small for effective teaching and learning.

It may be true that many successful people come from well-off family background, and indeed, their parents may have the capital to equip them with the necessary, but how many outlier cases have we heard, where children from working class families still made their way to the top, for instance, 42nd US President Bill Clinton. Perhaps, who makes it out successful and who does not, depends again largely on the individual.

Child Support Modification – Support Relief For Fathers

Child Support Modification – Support Relief For Fathers

Child support modification is used to legally reduce the amount of child support paid each month. Many non-custodial Dads are under the impression that once child support has been ordered they are stuck with that specific Court ordered amount. Not true!

There are many reasons that reducing child support may be necessary, especially in today’s recession economy. Many Dads are losing their jobs, having their hours reduced, or having their pay reduced. Any of these instances may be cause for modification of child support.

There are special forms, along with instructions, for this procedure provided in DadsCanWin! The Department of Child Support Enforcement has the ability to reduce support payments without a court procedure but may not be willing to do so. Don’t despair, the law is on your side!

You may feel guilty about needing to reduce your child support payments. You may think it will lower your child’s standard of living and they will dislike you because of it. Well, you need to do a reality check. If you lose your job, or for any other reason can’t make your child support payments, you face jail time! Child Support Enforcement can suspend your driver’s license, recreational licenses, and other licenses you may need to work.

Sitting In Jail Because You Are Behind on Child Support
Payments Does Not Help Your Children

Getting a new job will be difficult if you have no driver’s license and without a new job you will not be able to pay your child support. You can see that this is a downward spiral to nowhere. Just think how your child will feel if you are not there to visit them because you are in jail! Not the picture you want them to have of their Dad.

So, the alternative of seeking child support modification seems like the intelligent thing to do. If you truly feel terrible, once you get your job back, or otherwise correct your income, problem you can then start paying more child support again. However, you have protected yourself when your income was reduced.

Each state has guidelines for the amount of child support based on, typically, the non-custodial parents income, and the custodial parent’s income. Many Dads are not aware that if their ex’s income changes substantially for the better, they may be able to reduce the amount of child support that is due. Be sure to check out your states guidelines when preparing your Child Support Modification forms.

This procedure can be done without an attorney thereby saving you typically thousands of dollars. In addition, most attorneys are reluctant to represent non-custodial Fathers in child support issues. But, you can do this yourself and DadsCanWin can show you the way.

Remember, the most important thing, if your income has changed, is to take action before you get behind. Losing your driver’s license and facing jail is no picnic. The law is on your side if you take action!

Enhance Your Career With Microsoft Certified Courses

Enhance Your Career With Microsoft Certified Courses

For an effective and bright career in the software industry, all you need is a certification from one of the most prominent names in the IT industry, which is Microsoft. It may sound too simple, and it is! All you really need is to make sure that you have been trained under the spectrum that is provided and certified by Microsoft. CMS Institute offers some of the most popular and enhanced Microsoft certified courses in India.

The main reason why someone looking for a career in the IT industry should go for a Microsoft certified course is because these courses are designed by professionals authorized by Microsoft, and they understand the changing trends and requirements of the IT industry. All the courses are extremely professional, and meant to enhance the capabilities the students undertaking these certified courses.

CMS Institute offers Microsoft certified courses in Mumbai that can be opted for by students who are a graduate in any field. For students looking for a career change, these Microsoft certified professional courses could be the solution to their dilemma. Whether you are looking for a career within India, or anywhere else in the world, Microsoft certified courses will open endless possibilities for you, no matter where you wish to be.

At times there are people who have undertaken Microsoft certification courses in the past, and now these certifications are to be put to rest, or in more commonly knows terms, they are to be -retired’. In such cases, you will need to upgrade yourself, and at CMS Institute you have the opportunity to do just that. You can look up the courses that are offered by CMS Institute and select the one that suits your skills the best.

All the Microsoft certified courses that are offered by CMS Institute are conducted keeping with the standards set by Microsoft, and so you can rest assured of the quality of training that you will receive when undertaking any of these courses.

Whether you are looking to dip into the IT industry as a novice, or you are a professional looking for certificate courses that could add to your already impressive resume, CMS Institute has the most to offer in both these cases. Beginners and professionals alike can find their field of specialty through CMS Institute and boost your career in local as well as international markets!

How To Ensure That Your Family Is Financially Independent With A Nri Savings Account

How To Ensure That Your Family Is Financially Independent With A Nri Savings Account

Working abroad is an ideal way to earn abundantly and sufficiently due to the various job offers and high standard of pay. After earning, they send part of their income back to the family at home through the NRI Savings Account. In this article, we give you details of how the best way to ensure that the family is financially stable is through this account.

There are two types of NRI Savings Account, namely the NRE and the NRO savings account. each of these accounts have different features and benefits that will ensure that the respective family members who have access or joint holders for these accounts are capable of using the funds transferred or stored in here.

NRO account

The main features of this type of account is that is mainly rupee denominated and cannot be repatriable. However it can be jointly held with a resident of the Indian country, where withdrawals can be made by the local resident in the currency of rupee. Although the interest from this account is taxable especially for income tax, it has several benefits. This includes remittance of foreign exchange from banks abroad along with deposition of foreign currency notes and traveler cheques brought back into the country. Funds can be easily transferred into the NRO account in the name of the account holder. It also includes the benefits of reparation of an amount of 1 million USD per single calendar, while subjected to taxes.

NRE account

This type of NRI Savings Account is mainly a rupee denominated account. Funds that are transferred to this account can be easily remitted as it is free in foreign exchange. If there are deposits to be done in this type of account, it can be done in the form of legal foreign exchange or repatriable income. Although this account can have another NRI as a joint account holder, a resident residing in the country of India will have the power of attorney status holder where he is given the power to operate this account from the home country. One added advantage for this account is that, it is exempted from any income tax deductions. The other transactions that can be conducted from this account include remittance of foreign exchange from banks that are abroad and deposition of funds in the foreign currency and travelers cheques brought into the country. Funds from this account can also be transferred from another NRE account of the same name holder. This also works for the FCNR account and where funds can be transferred to this type of account.

Thus as we can see from the above functions how NRIs who are abroad can easily transfer funds to their family back home, ensuring that they are financially stable in the process.

Benefits Of Studying With A Study Partner

Benefits Of Studying With A Study Partner

One of the biggest challenges for a student are understanding and finishing up the projects and homework. But not every person thinks in the same way and therefore some people understand concepts easily while others have to work harder. However if students discuss and ask questions together understanding difficult concepts become somewhat easy. Collaborative work yields better results. Thats the benefit of studying with study partner.
When you are studying with a partner there are actually two minds tackling the same problem. Each person looks at the problem from a different perspective and with discussion can share thoughts and ideas which makes solving the problem easier. Another benefit of study partner is that you can learn more that you didn’t already know from your partner. If your partner has been studying a specific subject for longer period or has better exposure to the subject then he/she might know more than you. This study partner then can give you his/her knowledge and helps you learn more
Studying with a partner not only helps you learn more but it can make the whole process more fun and entertaining. When you have been focusing on a problem for a long time your mind gets tired and you want to get away from it. But with a study partner, you can take breaks or talk about some other topic besides studies to keep your self entertained. This helps you keep your mind and body going since you are not overwhelmed with the stress. If the your study partner is also your friend then there are so many things you can talk and chat about with them. As a result of this the studying experience become much more fun and entertaining.
But the key issue is always where to find study partner. Unfortunately there is no right or wrong way to find a good study partner, you just have to find somebody that is interesting and matches your personality. The most obvious way of finding a study partner is your classmates from school or college. These are the people that are studying the same subject and you will be seeing the most often through out the school. Simply talk in class and see else is looking for a study partner and buddy up.
However to find a study partner you aren’t only confined to your classmates, you can also post a request for study partner on online classifieds or social networks and could partner up with someone from same school or neighborhood.
Regardless of where you find your study partner you will definitely reap the benefits of having one by learning more and having fun.

Key challenges faced on eradicating child labor in India and other developing regions

Key challenges faced on eradicating child labor in India and other developing regions

All around the world, especially in the developing parts, there are widespread instances of children being used as an informal labor force across industrial sectors. According to surveys, countries like Sudan, Congo, Zimbabwe, Pakistan and Ethiopia have consistently ranked high on the child labor employment charts. But it is India, the largest democratic republic nation in the world that has the dubious distinction of being regarded as the worst of the lot.>

The actual numbers vary since there is no real consistency on the statistical data gathering process. From the official estimates to the numbers put forward by non-governmental organizations and unofficial guesstimates, the numbers fluctuate wildly, going from 10 million children being employed to the high numbers breaching the 100 million mark.

Certain types of industries and occupations have also traditionally lent themselves to employing children out of choice. Examples include: Fireworks industry, Jari work, artificial jewelry units, textile units, etc. Moreover, the entire small and medium scale industry framework has also been at the risk of employing child laborers. Apart from these, ship building yards, scavenging and informal recycling networks, food service industries, etc. too have found to be significantly involved in contributing to the employment of children.

In most instances, the murky world of child trafficking has spread its deadly tentacles by preying on the circumstances and compulsions of people that are already suffering from the scourge of severe poverty conditions. But, child labor in India is not simply a poverty problem. There are other factors involved that include societal attitudes towards children, family driven negligence, and a medieval mindset that believes in practices such as bonded labor and so on.

A close examination of the reasons behind these developments by experts has revealed that they do not really work on their own. In almost all the cases, close interdependencies have been discovered between the key reasons.

At the top of this list is poverty and this is often endemic, running through the fabric of the family or community on the whole. Lack of access to a quality education is another contributing factor, with school dropout rates being higher than the general average in regions where child labor is rampant. There are also high incidences of gender discrimination with girls being consistently worse off than boys in this regard. Natural or man-made disasters often leave children at a considerable disadvantage and expose them to the risk of exploitation.

On-the-whole however, it is society that is largely responsible for this scourge. The demand for cheap labor and the subsequent exploitation of kids are both, the result of societal conditions and it is therefore necessary for the thought process to change, before we see the effects in the actual world.

About The Author

CRY America works to eliminate child labor in India with their various projects supporting children rights. Let us together initiate positive steps and promote the well-being of Indian children.

Jgls – The Best Place To Study Law In India

Jgls – The Best Place To Study Law In India

No great idea in its beginning can ever be within the law. How can it be within the law? The law is stationary. The law is fixed. The law is a chariot wheel which binds us all regardless of conditions or place or time. ” Emma Goldman in her book Anarchism and other essays define law as statutory but stationary.

No doubt, the study of law is amongst the most tedious yet coveted courses in India asserted by the fact; we have the world”s largest constitution. The national law school is the first preference of the students who wish to study law in India. We have seen great lawyers in the country and witnessed a long list of lawyers turning into politicos. Youngsters from across the country look forward to get best practical knowledge while he/she study law in India, because court room is entirely different from the books that one needs to mug up before being called a proficient and efficient lawyer. In India, to attract employers’ attention, national law schools are throwing out decades of tradition by replacing textbook courses with classes that teach more practical skills.

What makes the study of law in India a renowned and prosperous avenue for students? Answer might be many but a few personalities in Indian judiciary never fail to impress and fascinate students to learn and follow the prodigy of these great lawyers of our country. The first that comes in the countdown of great lawyers is Mr. Nariman, better known as the wise man of the Bar. His stature allows him to be blunt in court. He lets his displeasure be known when a judge fails to understand a point “” “No, no, that’s not what I mean.”Nariman, 81, has aged yet bold and skeptical about everything he doesn”t sympathizes to. His voice has turned metallic over the years, but it still booms in the biggest courtroom of all “” the chief justice of India”s, with its 40-feet high ceiling.

Another personality that makes it look really is Sorabjee. He loves to be referred to as the former Attorney General, for it brought him great glory. As AG, he successfully defended India against Pakistan in the Atlantique downing case in an international court. The study of law in India is not easy but these gentlemen”s make a daunting note of that and make the youngsters believe if you can go through the avid books and all the court room sessions a blissful life awaits you.

These individuals in some part of their lives have been a part of best law institutes in the India i.e national law school. This makes it evident that study law in India and that too in these institutes might not be easy but it”s the quality education in these institutes that transforms an individual into a successful legal instructor or lawyer.