22/04/2008 by admin.

A joint stock company (JSC) is a type of business partnership. Certificates of ownership or stocks are issued by the company in return for each contribution, and the shareholders are free to transfer their ownership interest at any time by selling their stockholding to others.

In Britain, and elsewhere, there are two kinds of joint stock company. The private company (sometimes called an ‘unlisted company’) is one in which the shares are not offered for sale on the open market. The shares are usually only held by the directors and Company Secretary. The purpose of shareholding in such a company is to confer the financial protection of limited liability upon the owners.

In contrast, a public company (sometimes known as a ‘listed’ company) offers its shares for sale upon the open market - they are ‘listed’ upon the stock exchange. In Britain, they are usually distinguished by the letters ‘PLC’ after their name. The public company can raise part of its capital by a share issue, but the directors have no control over the sale or purchase of its shares. Thus, a public company can be ‘taken over’ by another through the act of purchasing a controlling interest in the shareholding.

Although not, strictly speaking, a joint stock company, a third kind of company is found in Britain. This is known as a guarantee company, and is only formed by societies and organisations for charitable purposes (e.g. sports clubs, hobby groups etc.), as there is no way that a profit can be distributed. No shares are issued, but a number of named directors ‘guarantee’ a specified amount of debt for which they agree to be liable. A guarantee company is usually the first step towards the creation of a charitable trust.

Posted in Uncategorized | No Comments »

22/04/2008 by admin.

The Sakya Muni Buddha Gaya Temple (Chinese: 释迦牟尼菩提迦耶寺) is one of the most prominent and widely visited Buddhist temples in Singapore, often referred to as the Temple of 1,000 Lights. It features a 15-meter high statue of a seated Buddha, which weighs nearly 300 tons, as well as many smaller Buddha images and murals depicting the life of Shakyamuni Buddha. The large central statue is surrounded by a stylized aura made of numerous light bulbs–often lit during evening hours–from which the temple derives its nickname. In a small room beneath the altar is an image of a reclining Buddha, Buddha towards the end of his life, under a Yellow Seraka Tree.

The Sakya Muni Buddha Gaya Temple was founded in 1927 by a Thai monk called Vutthisara

On Vesak Day, the annual holiday celebrating the birth and enlightenment of the Buddha, devotees donate money to the temple and in exchange are allowed to place gold leaf onto a small statue of the Buddha. As the day wears on, the Buddha is almost entirely covered

Posted in Uncategorized | No Comments »

22/04/2008 by admin.

government of Singapore consists of several departments, known as ministries and statutory boards in Singapore. Ministries are led by a member of the cabinet and deal with state matters that require direct political oversight. The member of the cabinet heading the ministry is known as the minister, who is supported by a junior minister known as the minister of state in Singapore. The administrative management of the ministry is led by a senior civil servant known as a permanent secretary.

Posted in Uncategorized | No Comments »