19 Oct Acronyms Finder and Glossary

For a fuller explanation of Terms of Reference see’agreement of specification – project management’. Brute Force and Ignorance.An expression found in everyday language since the early 1900s, meaning a heavy handed unrefined solution to a problem (especially fixing something – like bashing an electrical appliance to get it working again). In more recent times BFI (and https://menafn.com/1106041793/How-to-effectively-manage-cash-flow-in-the-construction-business variant BFMI – Brute Force and Massive Ignorance) is aptly applied also to certain areas of design in which previous proven effective methods are ignored, resulting in a new but clumsy and unsuccessful outcome. Correspondingly, there will be suppression of statutory database items which relate only to companies with share capital, or those run for a profit.

The endorsement and the certificate of shipment or receipt must be separately signed. Provided they contain the details and are issued as required by the following paragraph, they may be drafted in a form that suits the commercial interests of the trader. When the oil is removed from the warehouse premises, the warehousekeeper must issue a delivery note to the retail accounting consignee with a declaration that complies with section 5. We will normally dispense with the requirement for marking and dyeing light oil where the oil is removed by a closed pipeline from the duty-suspended storage to the furnace in which the oil is burned. Direct exports may be covered under the new electronic provisions for exports (New Export System ).

Fuel Duty returns and records

This section provides that, except where otherwise provided for or the context requires otherwise, the Act extends to the whole of the United Kingdom . The repeals include, in addition to purely consequential repeals, repeals of the restated provisions of the 1985 Act and repeals of enactments that are no longer of practical utility. These sections provide how regulations and orders made under the Act are to be made.

• Paragraphs 6 and 7 require a recognised supervisory body to ensure that persons eligible for appointment as a statutory auditor hold appropriate qualifications .
• Under subsection , if the court is satisfied that the access to the register of debenture holders is not sought for a proper purpose, it will require the company not to comply with the obligation to meet the request and may require that the person who made the request pay the company’s costs.
• Subsection of this section makes it clear that where the memorandum of an existing company contains a provision for entrenchment at the date that this part of the Act comes into force, this will be deemed, with effect from that date, to be a provision for entrenchment in the company’s articles.
• A new power allows similar protection to be extended to other public authorities.
• It also makes clear that the statutory duties are to be regarded as fiduciary, with the exception of the duty to exercise reasonable care skill and diligence which is not under the present law regarded as a fiduciary duty.
• Paragraph 13 requires companies to notify intended recipients each time material is published on a website.
• In fact a common view among etymologists is that pom and pommie probably derived from pome meaning a fruit like apple or pear, and pomegranate , and that POHM and POME are retrospectively-arrived-at acronyms, or ‘bacronyms’.

This is to ensure that a person searching of the register will have access to information about charges registered in that other register. The provisions relating to charges created by an overseas company in sections 409 and 424 of the 1985 Act have not been restated. Instead section 1052 provides a new regulation-making power for the Secretary of State to make provision about the registration of charges over property in the United Kingdom of an overseas company that has registered its particulars with the registrar under section 1046. It provides that a person identified in the register as being party to a section 824 share acquisition agreement may when he ceases to be party to the agreement, request that the register should be amended to record that information. Such entries may appear in several places on the register, as each member of the concert party is required in their individual notification to identify the other members of the concert party.

Appendix N — specimen application to mix oil in pipeline

The registrar may still accept a document that does not comply with the requirements for proper delivery, although such acceptance does not (subsection ) exempt the filer from any consequence attaching to failure to comply with the original requirements for delivery. This section gives the Secretary of State a power to set fees by regulations in relation to any function of the registrar and in relation to the provision of services and facilities incidental to the registrar’s functions. It replaces section 708 of the 1985 Act, but is more specific about the types of things for which fees may be charged, although this list is not exhaustive. As to how a document may be served on a registered overseas company, see section 1139 and the company communications provisions .

A low ratio may signal a good investment opportunity, but the ratio is less meaningful for some types of companies, such as those in technology sectors. This is because such companies have hidden assets such as intellectual property which are of great value, but not reflected in the book value. An obligation that legally binds an individual or company to settle a debt.