It was in 1951 that State Financial Corporations Act was passed. In accordance with the provisions of the Act, first Corporation by Punjab Government was set up in 1953. At present there are 18 such corporations. Capital of the State Corporations: Each corporation can have a maximum authorised capital of Rs. 5 crores. The shares of the corporation can be [...]
In this article we will discuss about the types of international transactions and the risks associated with it. Types of International Transactions: Cross-border flows primarily occur due to international trade, FDI and cross-border portfolio investment. They also occur due to unilateral movement of funds between residents in two different countries (gifts are an example), payment to residents for services rendered(salary [...]
List of financial instruments: 1. Equity 2. Fixed Income Securities 3. Derivative Securities 4. Structured Finance Securities 5. Participating Notes. 1. Equity: Though equity shares are usually associated with voting rights, some may have no voting rights. Others may have more than one vote per share—shares with differential voting rights (DVRs). American Depository Receipts (ADRs), Global Depository Receipts (GDRs) and Indian [...]