CHANAKYA (The guru of strategy)

BUDDHISM

Noble 8 fold path 

Right view

Right attitude

Right speech

Right action

Right livelihood

Right concentration

Right effort 

Right mindfulness

Apart from it the main mantra of Buddhism are-

No killing

No stealing 

No sexual misconduct

No lying 

No intoxicants

Abrahamic religions✍

HAPPY INDEPENDENCE Day

Break the Religious Chain✍️

💛~who are Custodian and broker~💛

Custodian is a person who carries a business of  providing a custodial services.Custodian safeguard the securities (shares) of the client.The custodian keeps the Custody of the securities (shares) of the client. The also maintain incidental services such as maintaing the account's of  securities of the client and accruing the benefits from the securities of the clients on behalf of them.Custodian buy and sells the securities with the approval of the owner of shares.Custodian can be an individual, a financial institution, bank or trust company.

Work of custodians

1) administrate and protect the assets of the client.

2) open a separate custody account and desposit account in the name of each client.

3) record assets.

4) conduct registration of securities.

What is brokerage?

Brokerage 

A financial institution or an individual is called a broker who offers a brokerage account which is also commonly known as a trading account,securities account or investment account. 

They are allowed to buy and sell the securities of the investors. A broker is a middleman for the time you decide to  invest your assets in the market. One can not do this by ownself as a whole day has to be provided to understand the market for e.g:- settling trades, collecting dividends/interest, vote proxies, reporting for all this work you would rely to have a broker.

DIFFERENCE BETWEEN BROKERAGE AND CUSTODIAN

Custodian

A Custodian  safeguards the assets of various clients and also help in maintaining their Transactions and Trades.

They also provides services like managing the investments. Custodians won’t provide brokerage services.

For e.g:- There are brokers in insurance, real estate, vehicle sales.

Brokerage

Broker on the other hand will only act as a mediator between the investor and exchange.

Broker receives an order from an investor like Retail investor or Institutional investors for placing their security exchange.

Brokers can be classified as Discount broker and Full Service Brokers.

Brokers won’t provide custodian services.

For e.g:- State Street

I HOPE THIS WAS HELPFUL TO YOU FOR MORE INFORMATION READ MY OTHER BLOGS ❤️😁🙏

💛~Multi state co-operative society Act,2002~💛

MULTI STATE CO-OPORATIVE SOCIETY 

The multi state co-operative society was enacted in 1984 further it was modified in the year 2002. It is known as MSCS act, 2002.

Meaning :-The multi state co-operative society works for the members of state Area which is not confined to one state but it serves the members of other states too. MSCS works for the betterment of the states and to facilitate them to grow more democratic, mutual and self help and to promote their economic.

Types of multi state cooperative society

# Farming cooperative society 

# Credit cooperative society

# Real state cooperative society

# Transport cooperative society

# Dairy firm cooperative society

The member forming an entity with a willing to work as MSCS needs to get registered in applications form -1(under sub-rules(1) of rule 3 of the multi state cooperative societies rules,2002) should be filed with the Central Registrar  of cooperative society, New Delhi along with the following enclosures :-

1) A certificate from a bank stating the credit balance in favour of the proposed entity.

2) A proper scheme structure explaining how the proposed unit of the entity is reasonable of becoming a viable units.

3) Four copies of bye-laws in original.

4) The proposed area of Operations shall initially be permitted for two contagious states only.

5) List of 50 members of each state has to be submitted to multi state co-operative society act,2002 along with the ID proof copies of the member duly attested as a chief promoter.

6) There should be a certified copy of the resolution of the promoter which shall be specify the name and address if one of the applicants to whom CR ( central Registrar) will dispatch and handover the documents. The MSCS has to pass a resolution by the proposed society.

CONTACT NUMBER AND THE E-MAIL ADDRESS OF THE CHIEF PROMOTER OR THE SOCIETY SHOULD BE ON THE COVER PAGE.  

                                        

The society having an object related to credit cooperative society some additional documents are required to be submitted along with the upper documents.

1) NOC (No objection certificate) from the registrar of cooperative society of the states where the area of working of the society is proposed to be confined.

2) All the documents to be submitted in original with the signature of chief promoter or  promoter on each page.

3) A certificate to effect that the credential of chief promoter/promoter have been verified by the registrar of cooperative society of the state where the head officer is proposed to be located.

THE APPLICATION SHALL BE SIGNED BY :-

1) In case of  multi state co-operative society in which all the members are individuals, by at least 50 persons from each states concerned.

2) In case the members of cooperative society the duly authorised representative on behalf of atleast 5 such societies as are not registered in the same state.

3) In case of multi state co-operative society or cooperative society by at least 50 persons being individual from each of the two states, one cooperative society each from two states or more or one multi state co-operative society.

I HOPE THIS WAS HELPFUL TO YOU 😃🙏❤️ THANKS FOR READING MY BLOG. FOR MORE INFORMATION READ MY OTHER BLOGS.