MBSL seminar on Budget 2013 incentives
Interactive Awareness on Business Improvement focusing on Budget 2013
incentives to listing of Companies with three year tax holiday on Equity
and no With Holding Tax on Debt Market.
Merchant Bank of Sri Lanka PLC (MBSL) organising a seminar on “Three
perspectives of managing business” to be held at Earls Court – Cinnamon
Lakeside, Colombo on Tuesday, January 29, at 4.00 pm -6.30 pm. On the
same day MBSL intends to publish a Book titled “Knowledge Dissemination
to the Business community” compiling all the knowledge dissemination
networking programs conducted by them, selecting a suitable eminent
speaker and the topics to educate the business community and also
building relationship in business on an ongoing basis during this period
of 1998 to 2012.
Going public was a trend that was seen after the war seeing its end.
However, developing a suitable capital product will be a success factor
for an institution. This could involve from a basic share to a
convertible debt issue or even a complex hybrid structure. In addition
to this a recent government budget proposal came with many Capital
Market Development proposals including Tax payable by any company
listing its shares before December 2013 and offering more than 20% of
its shares to the general public will be reduced by 50% for the year of
assessment in which the shares are listed and for the two years of
assessment immediately, Interest income earned from investing in bonds
and debentures listed in the CSE to be exempted from With Holding Tax
and Transfer of shares for margin trading to be exempted from Stamp
Duty. These areas will be covered by A M A Cader - Deputy General
Manager, Corporate Advisory & Capital Markets, Merchant Bank of Sri
Lanka PLC.
Restructuring is a corporate term used to emphasis on reorganising
the legal, ownership, operational or even other strategies/ processes of
the company for the purpose of profitability or suit the present needs.
Restructuring is a time consuming tedious task, but should be properly
assessed and carried out as a error in the act could lead to long term
impact on the company. This area will be covered by Sunil G Wijesinha -
Management Consultant and Trainer, Vice Chairman - Employers’ Federation
of Ceylon and Senior Deputy President - National Chamber of Commerce of
Sri Lanka.
Managing investments is a broad concept and will be derived based on
the principles of risk and returns. Investments vary from equity
investments to debt related investments. Switching your investments
between equity and debt and even with the financial instruments could
provide extra ordinary returns compared to general returns of the
market. This area will be covered by Hemendra Wijekoon - Manager –
Portfolio/ investment, Merchant Bank of Sri Lanka PLC
A target group are expected from organisations seeking capital (Debt/
Equity), Businesses with slower growth, organisations planning for
Strategic Restructuring, organisations planning for Newer Investments,
Managing Directors, Directors of Companies, Chief Executive Officers,
General Managers, Chief Financial Officers, Finance Managers, Portfolio
Managers, Analysts, Financial Accountants, Management Accountants, Staff
of Audit Firms, Financial Advisory and Consultancy Firm staff, Listed
Companies, Banks & Insurance Companies and people with special interest
in the areas on Restructuring, Going Public - Equity andDebt and
Investments. |