Receiverships-appointment of receiver, Financial Accounting

RECEIVERSHIPS: APPOINTMENT OF RECEIVER

If a company defaults in payment of principal or interest, or otherwise defaults in observing the conditions contained in debentures issued, a receivership may result. A receiver can only be appointed where the debentures are secured by a fixed or floating charge, or both.

Where power is given in the terms of issue, the debenture holders or their trustees, if there is a trust deed, may appoint a receiver without having to apply to the court; and where the terms of issue provide for such an appointment, they usually provide also for the events upon the happening of which he shall be appointed, e.g. non—payment of principal, interest in arrears.

Posted Date: 12/13/2012 1:49:16 AM | Location : United States







Related Discussions:- Receiverships-appointment of receiver, Assignment Help, Ask Question on Receiverships-appointment of receiver, Get Answer, Expert's Help, Receiverships-appointment of receiver Discussions

Write discussion on Receiverships-appointment of receiver
Your posts are moderated
Related Questions
Q1. what are the roles and objective of FASB and IASB? Q2.what are the main reason for the joint project undertaken by the FASB and IASB? Q3.state some critics by individual and th

THE NOTES TO THE ACCOUNTS The notes to the accounts provide additional information on the a/c policies that the company has adopted the make-up of some of the items appearing on

MarmadukeMuffett once had a girlfriend who ran an antiques business in London'sKings Road. Ever since then, he has been hooked on the furniture trade and now runsMarmaduke'sMarvell

The following information is for the third quarter of this year:   Planned Actual   Production 92,000 units

1) The detailed information is on the second tab marked "Financials". Enter summarized Balance Sheet and Income Statement information for Cummins into the template on the "Summary

What two components are used to compute the return on assets ?

Question : The subsequent data pertain to a shop. The owner has made following sales forecasts for the first 5 months of the coming year.

Americans With Disabilities Act - ADA  legislation passed in 1990 that bans discrimination against people who are having disabilities. According to this Act, discrimination against

Refer to Figure, using the Mason's gain formula, determine the transfer function of the system.

Open "Hoyle CPA: Earnings Per Share." Under "Free Questions" select "Financial Accounting & Reporting."