-
7/31/2019 My Wings 2nd Dec 2011
1/6
1
Ple ase c o n t r ib u t e yo u r m it e t o
M y-W in gsSend your a r t i c les , Car toons , Co l lec t ions ,suggest ions and compla in ts
t o
2nd Dec 2011Volume 1, Issue 3 www.my-wings.co. in
H ave yo u v isit ed i c ic ibank w ebsit e?
-
7/31/2019 My Wings 2nd Dec 2011
2/6
2
Have you
registeredfor
NISM and
NSDL
modulesif not please visit
www.ncfm-india.com
Upendra Kumar Sinha (born
March 2, 1952) is the presentchairman of SEBI[1]. His term
started in February 2011. He has
been appointed for a period of five
years.
He was the Chairman and Managing Director (CMD) ofthe Unit Trust of India Asset Management Company
(UTIAMC), commonly referred to as UTI Mutual Fund.
He is a member of the Indian Administrative Services
(IAS), belonging to the Bihar Cadre.
Before taking over at UTIAMC, Sinha held key positionsin the Government of India, notably in the Ministry of
Finance, where he was the Joint Secretary, looking after
Capital Markets, External Commercial Borrowings,Banking and Currency and Coins. During his tenure at
the Ministry of Finance, he spearheaded several
initiatives, such as the Banking Sector reforms, and the
Capital Market reforms.
W h o s W h o
-
7/31/2019 My Wings 2nd Dec 2011
3/6
3
Financial Gyaan
What is a Share Certi ficate ?Every member of a company whose nameis mentioned in the companys Register of
Members is entitled to receive a sharecertificate or certificate share. Sharecertificates acts as an evidence for theshares of a shareholder in the company.
The certi ficates of shares shall bear thecompany seal, the amount paid, the nameof the shareholder, and must specify therelated shares. It shall also bear thesignatures of minimum of two directorsand the company secretary.
What Is I ts Objective?The main purpose of issuing a certificateshare is to have an evidence of the sharesthat a shareholder holds in a company.Once the company has issued shares inthe name of a person, it cannot deny himthe benefi ts that he is entitled to.
Two types of estoppel are created by a sharecertificate:
Estoppel as to Title: This type of estoppelcreates a liabili ty on a company, wherein i tcannot refuse the entitlement of a person tohis shares, if it has legally issued those
shares on his name. Therefore, b y issuing ashare certificate on the name of a person,the company actually declares that the per-son is a shareholder in the company.
Estoppel as to Payment: If it is stated in acerti ficates of share that the shares are full ypaid, then it is considered that the amountstated in the certificate has actually beenpaid and the same cannot be denied by the
company .
NISM and NSDL modules are
mandatory Certifications.
Do you know ?
ING Vysya Bank Ltd., is an entityformed with the coming together oferstwhile, Vysya Bank Ltd, a premierbank in the Indian Private Sectorand a global financial powerhouse,ING of Dutch origin, during Oct2002.
The origin of the erstwhile VysyaBank was pretty humble. It was inthe year 1930 that a team ofvisionaries came together to form abank that would extend a helpinghand to those who weren't privilegedenough to enjoy banking services.
-
7/31/2019 My Wings 2nd Dec 2011
4/6
4
Crossw ord # 3
So l u t io n t o C r o ssw o r d # 2
A t t e n t i o n
N ISM an dN S D L
C e r t ificat io n is
M an d at o r y t oalls t u d e n t s
-
7/31/2019 My Wings 2nd Dec 2011
5/6
5
Cour tes y : S ta r o f M y so re
D e t ails o fo t h e r
st u d e n t s w h oar e p laced aso ffice r s w il l
be co ve r ed in
t he n ex t issue
C o n t r ib u t e yo u r m it e t o M Y-W in gs
C o n t act :e d it o r @ m y -w in gs.c o .inw ings@ m y-w ings.co .in
Please ensu r e t ha t you r a r t i c les ar e m ade ava il ab le t o t he M y-W ings t eam by t he W ednesday o fe v e r y w e e k .
T he con t r i bu t i o n m ade by you w i l l be m o de r a ted and then pu b l i shed i n t he E-M agaz ine .
-
7/31/2019 My Wings 2nd Dec 2011
6/6
6
