What is an investment report that is given to potential investors called?
prospectus. an investment report to potential investors. return. the money an investor recieves above and beyond the sum of money initially invested.
What is a prospectus report?
A prospectus is a formal document that is required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering to the public. A prospectus is filed for offerings of stocks, bonds, and mutual funds.
What information can an investor find in the prospectus of a mutual fund?
A prospectus contains important information about a fund’s fees and expenses, investment objectives, investment strategies, risks, performance, pricing, and more. A UIT’s prospectus will also typically list the securities that the UIT holds.
What is fund reporting?
Fund reporting is an essential and core activity in its own right in the annual fund cycle. The importance of financial statements, their complexity, the multiple interactions surrounding them and the scrutiny they attract, all require high quality processes, systems and execution.
Who controls the consolidated fund of the state?
The provision for this fund is given in Article 266(1) of the Constitution of India. Each state can have its own Consolidated Fund of the state with similar provisions. The Comptroller and Auditor General of India audits these funds and reports to the relevant legislatures on their management.
Whose salary is charged on the Consolidated Fund of India?
1.2 The types of expenditure that are charged on the Consolidated Fund of India, as enumerated in Article 112(3) of the Constitution of India, are as follows: a) The emoluments and allowances of the President and the expenditure relating to his office. Deputy Speaker of the House of People.
What items are included in a state budget?
- Structure of Budgets in the State.
- Heads of Account.
- Format of the Detailed Demands for Grants.
- Receipts. Revenue Receipts. Tax Revenue. Non-Tax Revenue.
- Transfers from the Centre. Grants from the Central Finance Commission.
- Capital Receipts.
- Revenue Expenditure.
- Capital Expenditure.
What is the importance of Consolidated Fund of India?
Definition: Consolidated Fund of India is the most important of all government accounts. Revenues received by the government and expenses made by it, excluding the exceptional items, are part of the Consolidated Fund. Description: This fund was constituted under Article 266 (1) of the Constitution of India.
Who can withdraw money from Consolidated Fund of India?
As per article 114 of the constitution, money from the Consolidated Fund of India can be withdrawn only after it is approved by the parliament or the state legislatures. The bill is usually presented after the budget by the government.
Where does the tax money go in India?
The tax paid by us becomes a receipt (income) for the government of India. They use the receipts to fund essential expenses like defence, police, judiciary, public health, infrastructure etc.
What is the meaning of Consolidated Fund of India?
Constituted under Article 266(1) of the Indian Constitution, the Consolidated Fund of India is the account of the revenue the Government of India receives — via income tax, Customs, central excise and the non-tax revenue — and the expenses it makes, excluding exceptional items.
How much money is there in Contingency Fund of India?
The Contingency Fund of India exists for disasters and related unforeseen expenditures. In 2005, it was raised from Rs. 50 crore to Rs 500 crore. In 2021, it was proposed to raise the fund to Rs 30,000 crore.
What is the difference between Consolidated Fund and Contingency Fund of India?
The consolidated Fund has further been divided into ‘Revenue’ and ‘Capital’ divisions. All other moneys received by or on behalf of Government are credited to the Public Account. Contingency Fund enables the Government to meet unforeseen expenditure, which cannot wait approval of the Parliament.
What is charged expenditure?
Charged expenditure – the amounts required to meet expenditure charged upon the Consolidated Fund of India & 2. Voted expenditure – the amounts required to meet other expenditure proposed to be made from the Consolidated Fund of India.
What is difference between charged and voted expenditure?
Voted Expenditure means expenditure which is subject to the vote of the Assembly. Charged Expenditure means such expenditure as is not subject to the vote of the Legislature and is declared to be charged on the Consolidated Fund of Madhya Pradesh under Article 202(3) of the Constitution of India.
Who is the guardian of public funds in India?
What is contingency fund and what is its purpose?
A contingency fund is hence a fund that is designed to be used for meeting any unforeseen emergencies and may be either in cash or liquid assets. The primary objective is to enhance your financial stability and to protect your financial plan in case of emergencies.
What is meant by contingency?
1 : a contingent event or condition: such as. a : an event (such as an emergency) that may but is not certain to occur trying to provide for every contingency. b : something liable to happen as an adjunct to or result of something else the contingencies of war.
How much should a contingency fund be?
Regulation 6.1 requires that the Contingency Reserve Fund be equal to at least 25% of the Operating Fund.
What is the meaning of contingency bill?
Definition: Contingency Fund is created as an imprest account to meet some urgent or unforeseen expenditure of the government. Description: This fund was constituted by the government under Article 267 of the Constitution of India. This fund is at the disposal of the President.
What is contingent in Tagalog?
Translation for word Contingent in Tagalog is : nababatay.
What is a good contingency percentage?
How much contingency will I need? Most construction projects use a rate of 5%-10% from the total budget to determine contingency. Typically that will cover any extra costs that might come up. However, it is often a bad idea to use a rate less than that, depending on the scale of the project.
How do you calculate contingency?
For your contingency calculation, use a multiplication formula. Fifteen percent is a reasonable contingency for many projects. To determine fifteen percent of a number, multiply it by 0.15.