Modified duration meaning

Dividend A company possesses an implied authority to distribute its profits to its members, unless its articles of association stipulate otherwise. A dividend represents one form of distribution made by a company to its members; indeed, dividends are, in practice, the form of distribution most commonly made by companies. To make a lawful distribution, the company must comply with Part 23 of the Companies Act 2006 (CA 2006) and with the common law rules on distributions, as those rules are modified by the statutory provisions just mentioned. For discussion of the law and practice applicable to company distributions, see Practice Note: Distributions. For an outline of the consequences of failing to comply with the law on distributions, see Practice Note: Unlawful distributions. In ordinary parlance, ‘dividend’ means a share of profits, whether at a fixed rate or otherwise, allocated to the holders of a company’s shares. The expression is used for payments made to shareholders in their capacity as shareholders, and not, eg, by way of remuneration for...

ARCHIVED: This Practice Note is archived and is not being maintained at the present time. It outlines the temporary easing of duties on local authorities (LAs) concerning assessments of Education, Health and Care needs, and the delivery of provision within their local authority area. It sets out what has altered in respect of statutory obligations and the relaxation of timescales by which an LA must act, to accommodate extreme pressures on resources and a possible shortage of key staff for the duration of pandemic management. These easements are permitted only where the justification relates to the incidence or transmission of coronavirus (COVID-19). Coronavirus (COVID-19) response In March 2020, the Coronavirus Act 2020 (CA 2020) was published and, within it, the Secretary of State was empowered to give a notice that disapplies or modifies certain legal duties due to coronavirus transmission. On 30 April 2020, in exercise of the power in CA 2020, s 38, Sch 17 Pt 1, para 5(1), the Secretary of State...