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Banks go after promoter trusts of firms having stressed loans SECTIONS Share Synopsis In the last few weeks, top banks have been making inquiries in certain cases where businesses have been hit hard by Covid and they even sought additional guarantees to de-risk their loans, say insiders. Even in sales, where promoters are seeking additional loans, the lenders are asking for more collateral or guarantees. Getty Images This comes at a time when several promoters have started creating asset protection trusts where they are parking some of their assets which cannot be touched by any bank or investigating agency in case of a default. ....
Dear Marc: I appreciate your op-ed regarding expanding the state of Idaho to include much of western Oregon. However, there are two significant factors that I feel you failed to address. Property taxes in the state of Oregon have been frozen since the property tax revolt / initiatives of 1990 and 1992. My property taxes stayed at $14/thousand valuation since that time, until the recreation district was passed in Ontario, which raised my taxes to about $15/thousand. Oregon property taxes cannot be changed by the Legislature. They can only be changed by a vote of the people. This is part of the original Oregon State constitution. I have friends in Fruitland that are assessed at $22/thousand, and their property taxes can be changed at the whim of the Legislature at any time. If my property in Oregon becomes property in Idaho, my property taxes would increases by 50%, which is absurd. ....
The concept of resources in s25 of the Matrimonial Causes Act 1973 arises at s25(2)(a) of the Act. In coming to a fair order, the court must have regard to: (a) the income, earning capacity, property and other financial resources which each of the parties to the marriage has or is likely to have in the foreseeable future… Given financial resources are distinguished from property in the sentence, they have been taken as a separate class of asset. In this article, we aim to: • Delineate common scenarios whereby an asset owned by a third party might bear on the court s assessment of resources and consider their appropriate legal taxonomy. ....
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SEBI seeks debate on the concept of ‘accredited investor’ Moneylife Digital Team 1 The capital market regulator, Securities and Exchange Board of India, has floated a consultation paper to introduce the concept of ‘accredited investors’ in the Indian securities market and sought public comments on the same. The comments can be sent to the regulator latest by 18 March 2021. According to SEBI, the new regulatory framework is expected to help in designing more customised investment products, reduced compliance, better risk labeling (product classification) and increased transparency.
Accredited investors or qualified investors or professional investors, are considered to be informed investors on the assumption that their financial capacity (generally ascertained from income and/ or net worth) enables them to hire expert managers/ advisors as required. They already have an understanding of various financial products and the risks and returns associa ....