Acronyms Finder and Glossary

Squeeze-out and sell-out provisions have been a feature of national company law for many years (and were previously contained in Part 13A of the 1985 Act). Articles 15 and 16 of the Takeovers Directive, however, https://time.news/how-can-retail-accounting-streamline-your-inventory-management/ introduce EU-wide rules requiring all Member States to put appropriate provisions in place for the first time. The provisions at sections 974 to 991 of the Act restate Part 13A of the 1985 Act in a clearer form.

A defined period of time within which the purchaser has the right to cancel a plan. When studying the movement of a share price, there will be generally be an upper and lower value with the share price trading within the two barriers. The period of indecision when the share price doesn’t break out of its trading range is known as consolidation. This could last for minutes, day, weeks or years with lengthy periods of consolidation know as a ‘base’. An issue of shares made by a company to shareholders in proportion to the number of shares that are already held.

4 Control of recoverable or ‘waste’ oil from interceptors

The solvency statement must be in the “prescribed form” and “prescribed” in this context means prescribed by the Secretary of State in regulations or by order made under the Act. This Chapter makes it possible for auditors to limit their liability by agreement with a company, but the agreement will be effective only to the extent that it is fair and reasonable. This section applies when one out of two or more joint auditors ceases to be an auditor of the company.

These quantities are extended by duty rate to give a debit or credit duty amount by product, by shipper. The calculation of additional duty due or credit of duty allowable as a result of re-grading of interfaces, is based on the industry’s https://www.scoopearth.com/the-importance-of-retail-accounting-in-improving-inventory-management/ method of adjustment of over and short deliveries between shippers in pipeline systems. Major changes to the pipeline system affecting any item in the approval must be notified to HMRC by the operator or shipper concerned.

Capital stocks user guide, UK

Warehousekeepers and persons approved for remote marking must make sure that product is properly marked by regular testing with a Lovibond Comparator or Fluorimeter, supported, where possible, by laboratory analysis. Solutions of different compositions or concentrations must be kept separate . However, a high loss related to a particular use of energy is to be included in that use. Fuel used to raise steam retail accounting is to be apportioned as for electricity according to the thermal energy of the steam produced, after deducting the steam condensed to preheat the feed water or to operate a water pump or other boiler ancillary. If there is a mixed power source (for example gas and oil-fired boilers supplying steam as energy for the treatment of oil and non-oil) the calculation must be based on the total energy usage.

An IPO equates to the expressions ‘going public’ or ‘taking a company public’. It is not unusual for IPOs to fail to attract buyers for all the stock available, in which case the bank underwriting the offering is left with the stock. Subsection of new section 90A provides that the civil liability regime set out in that section applies to those reports and statements required by provisions implementing Articles 4 to 6 of the Transparency Directive. Depending on transparency rules, we would expect this to include annual and half yearly financial statements and management reports, the sign-off by directors or other responsible parties, as well as interim management statements. These sections restate the requirements in sections 108 and 110 of the 1985 Act for the independent valuation of non-cash assets accepted by a public company.