As i have already asked but can't convinced the expert to convey my question what i am desirabe. but now i am interested to guide me under these guidlined what parameter i may adopt to solve my problem. i will be thankful.
Borrowing Power of a company
1. Irresponsible borrowing has caused the closure of many companies in Pakistan and the world. Borrowing beyond a company’s means to service interest and repayments significantly increase its insolvency risk.
2. No law puts any limitation on the amount that company can borrow. There are generalized references to prudence in all decisions, but there is no specific law that forbids a company (or its board) to borrow beyond a particular amount.
3. Virtually no company is restrained by its Articles of Association to borrow beyond any specified limit.
4. There are restrictions imposed on financial institutions by State bank of pakistan that forbid them to lend a company beyond a certain percentage of its total equity, but these restrictions are for lenders, not borrowers.
5. Most listed companies in Pakistan are run by those who hold, directly or indirectly, more than 51 % of the equity. Such persons are liable to inflate the prices of a company’s assets to overstate their equity contribution-thereby circumventing SBP rules. Such companies end up insolvent more often than others.
6. Enhanced risk of insolvency is not the only undesirable consequence of imprudent borrowing. The interest of several stakeholders is adversely affected by company’s inability to service its debts.

In view of the situation as outlines above, assume that Securities & exchange commision has assigned you the task to frame a POICY DOCUMENT ON BORROWING POWERS OF PUBLIC LIMITED COMPANY. It is indented that this policy will lead to amendment in companies Act.
4. while framing your proposals give due regard to:
a. Putting an unjustified limit (in terms of amount or percentage of equity) on the maximum borrowing that a company can make may inhibit its growth and hence adversely impact the economy. Again imposing a uniform quantitative or percentage bar on the borrowing of All companies may not be advisable as companies differ in nature and types of capital structures required to run them
b. SBP’s insistence on asking all directors to submit personal liabilities for loans taken by the company is counter productive as it negates the concept of limited liability. Un scrupulous companies nominate persons with poor net worth as directors to dodge this provision and at the same time this provision deters genuine independent directors from accepting directorial appointments. Thus it does not protect the other stakeholders of the company.
c. Exempting non executive directors from responsibility for company’s liabilities appears logical when seen in context of limited liability companies, but it is liable to open up doors for misuse and abuse.
d. The ethical standards of those who run limited companies in Pakistan forbid any attempt to allow them to be self regulated however the scope of formalized self regulation by company boards has not yet been explored.
what i may do now?

Can anyone let me know whether there is any E-Learning course on IFRS conducted by ICAI, available for CA Final students (whos Articleship is completed).

Kindly let me know from where can i get the details and alernatives available, if any.

Please tell me ASAP.

Thanks....

i am student of ca final and recently cleared my pcc.My article training is to complete on 20th april 2011. So as per pcc scheme when is my ca final attempt due . is it may 2011 or nov 2011 ? . as i am unable to make out my final due date from final registratrion letter .plz reply as soon as possible .
Regards,

hi,

can any one suggest how to get transfer of article ship within 50km because i had moved away almost 30kms from my present office finding it very difficult to manage.

regards
veda

If return has not been filed for since last three years because income was not exceeding the taxable Income Limit ie 150000 .

if asseesee wants to file the return voluntarily to avoid future proceedings .
whether assessee can file return before at this time or there will be any fine or proceedings if not filed .

wht shall be the consequences .

I AM PCC STUDENT COMPLTING ARTICLESHIP ON 14 MARCH 2010. WHEN SHOULD I REGISTERED AND HOW DETAILS PERTAINING TO ARTICLSHIP BE SUBMITATED IN EXAM FORM?

IS THERE ANY NOTIFICATION THAT ARTICLESHIP PERIOD FOR PCC STUDENTS REDUCED TO 3 YEARS OR THEY CAN GIVE FINAL EXAM 6 MONTHS BEFORE COMPLETION OF ARTICLESHIP

i have given CA final exams and i want to settle in industry . i wanted to ask which is better course cfa or cs ?

some example of valid reasons

in ca final while preparing for both groups what authors will be read in all eight subjects and in what time we prepare for both the groups while we doing articleship whether we need coaching or not if yes for what subjects and where