Examlex
The details below were extracted from the accounting records of Great South East Ltd (a company in the process of liquidation) .
Assume that the constitution of Great South East Ltd states that in the event of liquidation, all shares are to rank equally, based on the number of shares held, in distributing any surplus or deficiency.
What will be the deficiency or surplus apportioned to ordinary shareholders?
Pool Funds
Combining resources or capital from multiple investors to form a larger investment fund, often managed professionally, allowing for diversified investments and shared risks.
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In IT and business, active roles refer to the permissions or duties assigned to a user or employee that allow them to engage with certain data, systems, or tasks within an organization.
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The day-to-day operations and management of a business, encompassing all aspects from production to marketing.
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Underwriter sells as much of the issue as possible, but can return any unsold shares to the issuer without financial responsibility.
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