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Download Corporate Valuation, Investment Banking, Accounting, CFA Calculator & othersWhat is Form S-8?
Form S-8 is a registration statement that public companies must file before issuing securities to employees under an employee benefit plan.
One of the best things about Form S-8 is that it is effective immediately after filing to SEC.
Capital-raising services are those services by which the issuer-company receives the cash proceeds. Market-making activities mean such activities that promote the stocks of the issuer. The instructions to Form S-8 specifically state that this form should not be used for capital raising purposes.
Before the amendment in 1990, the form required information about the prospectus delivery and included a few disclosure requirements that the issuer filed with the SEC separately. Therefore, the form is called a “Short form registration form.”
The SEC, however, exempts small offerings or interstate offerings, or offerings made by governments.
The issuer must pay the SEC registration fees based on the stock value and the quantum of stocks issued.Advantages
The securities can be traded freely since the issue is effective immediately after filing to SEC.
The registration statement is short and sweet. Before the amendment in 1990, the form required information about the prospectus delivery and included a few disclosure requirements that the issuer filed with the SEC separately. Therefore, the form is called a “Short form registration form.”
Long-form registration statements used to take up to 18 months to be effective. After the amendment in 1990, this form was effective immediately. This saves time on the lengthy review process.
Employees are the ones who work day and out for the turnaround of the company. Thus, Form S-8 compensates for the loyalty the employees received over the years.
Even with huge reserves, many companies face a cash crunch due to heavy investments made in recent times. Thus, Companies can use this option against cash compensation for employee loyalty.
Also, issuers can save cash reserves by issuing securities instead of cash compensation. These cash reserves can divert into capital commitments.
The present shareholder will suffer dilution of their shareholding in the Company. Thus, compensating employees’ loyalty will ultimately cost the dilution of shares.
The registration statement demands the registration cost, which is based on the value of a stock.Registration Requirement of Form S-8?
The Form S-8 requirements clearly show that these cannot be issued for capital-raising purposes. Further, it restricts the promotion of the stocks or making market of the issuer company.
The registration statement restricts a company that has been a shell Company within 60 days before filing or which is a shell company at present. So, these companies cannot file Form S-8.
The issuer company must pay registration fees based on the quantum of stocks to be issued and the value.
The issuer is required to have reported under Section 13 or Section 15(d) of the Securities Exchange Act, 1933.
The recipient of stock must be a natural person. Thus, corporate persons cannot be entitled to securities under Form S-8.
Form S-8 prohibits the following employees since these involve promotion or market-making:
Involved in the management of reverse mergers
Brokers who attract investors for the company
Owners of websites who recommend the stocks of the Company or even if they discuss the Company’s business
Persons involved in providing investor relations services for the issuer
Persons involved in merger activities on behalf of the issuer.
Persons providing book-keeping services to the issuer.
A person who designs the website of the issuer
Persons involved in technology development for the issuer
Involved in banking credit linesExample of Form S-8
We refer to the website of the SEC for the latest Form S-8 filed by companies at the SEC website.Example #1
The form was submitted on December 26, 2023, by the Company “908 Devices Inc.”
The issuer is a Non-accelerated filer, small reporting Company, and Emerging Growth Company per Rule 12b-2 of the Exchange Act, 1933.
The total number of stocks to be registered is 5,591,857, with a price band of $ 1.96 to $ 49.00 per share. The issuer has paid registration fees of $ 12,397.12Example #2
Issue of Securities by Herman Miller Inc.
The form was submitted on December 22, 2023, by the Company “Herman Miller Inc.”
The issuer is an Accelerated filer per Rule 12b-2 of the Exchange Act 1933.
The total number of stocks to be registered is 7,182,670, with a price band of $ 37.06 per share. The issuer has paid registration fees of $ 29,041.30Conclusion
This form is immediately effective after filing, provided the issuer has complied with reporting requirements under Section 13 or Section 15(d) of the Securities Exchange Act, 1933.
Companies that are shell Companies at present or were shell Companies within 60 days are eligible to file this form.
Form S-8 requires the least disclosures compared to earlier long-form registrations.
The company issues Form S-8 to employees, and the definition of employees is broad enough to include major service providers. However, it does not include persons involved in capital-raising activities for the issuer or the market maker of the stocks of the issuer.Recommended Articles
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What is AICTE?
The All India Council for Technical Education is known by the initials AICTE. It is a statutory organisation within the Ministry of Education of the Government of India and is in charge of organising, planning, and upholding the nation’s standards for management and technical education.
AICTE plays a crucial role in the development of technical education in India. Its efforts have helped to improve the quality of education and ensure that technical institutions in India meet international standards.History
The Indian Parliament established the AICTE Act in 1987, providing the council statutory authority. The Act also broadened the council’s mandate to include setting and upholding national norms and standards for technical education.
Over the years, AICTE has played a crucial role in the development of technical education in India. It has been responsible for the accreditation and approval of technical education programs, the development of curriculum, and the promotion of research and development in the field.
In recent years, AICTE has also taken steps to promote innovation and entrepreneurship in technical education, with initiatives such as the establishment of the AICTE Start-up Policy and the AICTE-CII Survey of Industry-Linked Technical Institutes.
Today, AICTE is recognized as one of the leading regulatory bodies for technical education in India, with a mandate to ensure that technical education in the country meets international standards and is aligned with the needs of industry and society.Roles and responsibilities
The All India Council for Technical Education (AICTE) is a significant statutory organisation that reports to the Indian government’s Ministry of Education. Its primary responsibility is to coordinate and uphold the nation’s technical education standards. The duties and responsibilities of AICTE are as follows −Approval and Accreditation
AICTE is responsible for approving and accrediting technical education programs offered by institutions across the country. It is also responsible for granting approval to new institutions and courses. AICTE sets standards for the quality of education, infrastructure, faculty members, research facilities, and other important parameters for technical institutions. The council also conducts inspections of institutions to ensure that they meet these standards. Accreditation from AICTE is essential for institutions to receive funding from the government, as well as for students to receive financial aid.Curriculum Development
AICTE is responsible for developing and revising the curriculum for technical education programs in India. It ensures that the curriculum is updated regularly to keep up with the latest trends and developments. The council also develops guidelines for teaching and learning methods, and encourages the use of modern technology in teaching. AICTE encourages interdisciplinary learning and collaboration between institutions to promote innovation and creativity among students.Quality Assurance
AICTE monitors the quality of technical education programs in India and takes action against institutions that fail to meet its standards. It also ensures that the faculty members of technical institutions meet the required standards. The council encourages institutions to participate in accreditation processes and provides guidelines for quality improvement. AICTE also takes action against institutions that engage in malpractices, such as charging high fees or admitting students without proper qualifications.Research and Development
AICTE promotes research and development in the field of technical education in India. It supports and funds research projects in collaboration with academic institutions, industry, and government agencies. The council encourages the development of new technologies and promotes their commercialization. AICTE also encourages institutions to set up research and development centers and promotes entrepreneurship among students.Collaboration
AICTE collaborates with other organizations in India and abroad to promote technical education and research. It also encourages industry-institute collaborations for the benefit of the students. AICTE organizes seminars, workshops, and conferences to bring together researchers, academicians, and industry experts. The council also encourages the exchange of students and faculty members between institutions to promote cross-cultural learning.Regulation and Policymaking
AICTE develops and implements policies related to technical education in India. It regulates the functioning of technical institutions and ensures that they follow the standards set by the council. AICTE also promotes the development of technical education in rural and remote areas, and encourages the participation of underprivileged sections of society. The council is also responsible for regulating the fees charged by institutions and ensuring that they are reasonable.Skill Development
AICTE has taken initiatives for skill development of students and faculty members. It promotes vocational training, apprenticeships, and other skill development programs. The council encourages the development of industry-relevant skills among students and encourages institutions to set up training centers. AICTE also provides scholarships and financial assistance to students from economically weaker sections of society.Conclusion
In conclusion, the All India Council for Technical Education (AICTE) plays a vital role in the development of technical education in India. By regulating and promoting quality technical education, providing funding and support to institutions and students, and fostering innovation and entrepreneurship, AICTE is helping to create a skilled and dynamic workforce for the country’s future. With its mission to constantly improve the quality of technical education in India, AICTE continues to be a key player in shaping the nation’s progress and growth in the field of technology.FAQs
Q1. What types of institutions does AICTE regulate?
Ans. AICTE regulates technical education institutions such as engineering colleges, management institutes, polytechnics, and other technical education institutions in India.
Q2. How does AICTE ensure quality in technical education?
Ans. AICTE ensures quality in technical education by conducting regular inspections and audits of institutions, accrediting institutions and programs, providing guidelines and standards for curriculum, faculty, and infrastructure, and promoting best practices in teaching and research.
Q3. Does AICTE provide scholarships to students?
Ans. Yes, AICTE provides scholarships to students pursuing technical education at approved institutions in India. The scholarships are based on merit and are aimed at encouraging students to pursue technical education and research.
With digital Cable application, cable tv subscribers can access a spread of digital content and services on their tv displays, which include movies, tv shows, sports activities, video games, and more. Digital Cable Application additionally permits cable operators to collect data on viewership styles, permitting them to tailor content fabric services to specific audiences. Typically, DCA has revolutionised the way human beings watch television, presenting them with more control over their viewing experience and giving cable operators a competitive side in the market.Features of DCA
DCA is a famous technology used in cable tv providers due to its numerous features. some of DCA’s important features are as follows −
Interactive application − DCA allows customers with access to an active application reference which permits them to explore tv networks and schedules, check on particular programs, and set subsequent show reminders.
Video-on-demand − The DCA allows services that allow customers to select and see films, tv shows, and different content whenever it’s suitable for them.
Pay-according-to-view − DCA also helps subscribe-according-to-view services, which allow users pay to see films, special events, and numerous other content.
Interactive services − DCA lets in services which might be interactive like gaming, buying, and social media integration, enhancing the interactive and entertaining experience of viewing television.
Personalised recommendations − DCA collects information on viewership patterns and preferences, allowing cable operators to offer personalised content recommendations to their subscribers.Advantages of DCA over traditional cable systems
More channels − DCA technology allows cable operators to provide a wider range of channels to their subscribers, which includes high-definition channels, foreign-language channels, and specialty channels.
Interactive functions − DCA helps with interactive functions like video-on-demand, pay-according-to-view, and interactive application guide, which conventional cable systems can’t provide.
Personalised content − DCA collects data on viewership patterns and possibilities, allowing cable operators to offer personalised content suggestions to their subscribers.
Improved consumer experience − DCA offers a greater engaging and interactive viewing experience, with functions like gaming, buying, and social media integration.
Improved revenue − DCA allows cable operators to provide premium services like pay-according-to-view and video-on-demand, producing additional revenue streams.Future of DCA in the cable industry
The future of DCA in the cable industry seems bright. Here are some of the reasons why −
Developing demand for digital content − With the rise of digital content and streaming services, there may be a developing demand for digital cable services that provide a much wider range of channels and interactive abilities. DCA technology allows cable operators to fulfil this demand and stay competitive in the market.
Technological enhancements − As technology keeps on enhancing, DCA is probably to evolve and improve, presenting even greater superior functions and services to cable television subscribers.
Personalization − DCA technology allows cable operators to collect data on viewership styles and options, permitting them to offer personalised content suggestions to their subscribers. As personalization becomes more and more important to clients, DCA is likely to play an important role in the cable industry.
Revenue technology − DCA allows cable operators to provide premium services like pay-according-to-view and video-on-demand, producing more revenue streams. As revenue technology becomes increasingly important to cable operators, DCA might become an even more valuable technology.Conclusion FAQs
Q1. How does Digital Cable Application work?
Ans. DCA works through using digital indicators to deliver cable tv services to subscribers.
Q2. Can I get Digital Cable Application services for my cable television?
Ans. DCA services are usually provided through cable tv operators. you could test along with your nearby cable operator to see if they provide DCA services to your area.
Q3. How does a digital Cable application enhance the viewing experience?
Ans. DCA improves the viewing experience by offering a much wider variety of channels, interactive functions, and customised content suggestions.
What is AM and PM?
AM is an abbreviation for “Anti Meridiem,” which is a Latin term meaning “before midday.” In simple terms, it refers to the time between midnight and noon. On the other hand, PM is an abbreviation for “Post Meridiem,” which means “after midday.” It refers to the time between noon and midnight.
The 12-hour clock system is used to represent time in AM and PM. The clock runs from 1 to 12, and then starts again at 1. AM time is represented as 1:00 AM to 12:59 PM, while PM time is represented as 1:00 PM to 12:59 AM. The use of AM and PM helps to distinguish between morning and afternoon hours and makes it easier to read and interpret time.How AM and PM are Determined?
The determination of AM and PM is based on the 24-hour clock system, which is used by the military and some other countries. The 24-hour clock divides a day into 24 hours, starting at midnight and ending at midnight. The range of the hour numbers is 0 to 23. There is no need to use AM and PM in this system because the time is displayed in 24-hour format.
To convert a 24-hour time to the 12-hour format, the following formula can be used −
If the time is after 12:00 PM, subtract 12 from the hour and add PM to the end. For example, 14:00 (2:00 PM)
If the time is before 12:00 PM, simply add AM to the end. For example, 08:00 (8:00 AM)
The determination of AM and PM is significant as it helps to distinguish between morning and afternoon hours, which is especially important in scheduling events, meetings, and appointments. It also helps to avoid confusion when interpreting time, as it is easier to read and understand time in the 12-hour format with the use of AM and PM.Significance
AM and PM have significant importance in various fields, including transportation, TV program schedules, and the medical field. In the transportation industry, the use of AM and PM is vital as it helps to avoid confusion and ensure that the timing of the journey is accurate. For example, if a train is scheduled to leave at 8:00 AM, it is important to know whether it is in the morning or afternoon to avoid missing the train.
In the TV program schedule, the use of AM and PM is important as it helps viewers to identify whether a particular show is on in the morning or afternoon. This is especially important for news channels as it helps to ensure that viewers can access the latest news in a timely manner.
In the medical field, the use of AM and PM is critical as it helps to ensure that medication is taken at the correct time. Medication is often prescribed to be taken at specific times of the day, such as once in the morning and once in the evening. The use of AM and PM helps to ensure that the medication is taken at the correct time, which is essential for the effectiveness of the medication.Conclusion
AM and PM are important markers in timekeeping, allowing people to clearly differentiate between morning and afternoon hours. They are used in various settings, including scheduling meetings, transportation timetables, and TV program schedules, among others. Their significance is further highlighted by the fact that they are commonly used in countries that employ the 12-hour clock system.
In conclusion, AM and PM are important aspects of timekeeping that have been used for centuries to distinguish between morning and afternoon hours. They are based on the Latin terms “Anti Meridiem” and “Post Meridiem,” respectively, and their usage is determined by the position of the sun in the sky. AM is used to refer to the time before midday, while PM is used for the time after midday. The 12-hour clock system is the most common way of using AM and PM, and it is used in many countries around the world. However, some countries use a 24-hour clock system, which eliminates the need for AM and PM distinctions.FAQs
Q1. Are there any other terms used to refer to morning and afternoon hours?
Ans. Yes, some countries use other terms to refer to morning and afternoon hours. For example, in Spain, the morning is referred to as “la mañana,” while the afternoon is referred to as “la tarde.”
Q2. What is the significance of AM and PM in everyday life?
Ans. AM and PM are important in everyday life because they help people keep track of time and schedule their activities accordingly. They are used in various settings, including scheduling meetings, transportation timetables, and TV program schedules, among others.
Q3. How can I convert from the 12-hour clock system to the 24-hour clock system?
Ans. To convert from the 12-hour clock system to the 24-hour clock system, simply add 12 to the hour if it is PM. For example, 3:00 PM would be 15:00 in the 24-hour clock system
Today, we will learn how to calculate Power BI ranking in a hierarchical form which is a little bit more complex subject in comparison to the concept which we discussed in my previous tutorial. You can watch the full video of this tutorial at the bottom of this blog.
In the previous tutorial, we saw how to calculate the percentages in a hierarchical form. We showcased how to calculate ranking over a specific set of data of a particular set of products, either in the form of a product category or subcategory. Also, in the case of the region, it is either in the form of cities, territories, or countries.
This time around, we will go one step further in the calculation of hierarchies. We’ll learn how to calculate ranking when all the different sets of fields are combined in a single set of hierarchies.
Let’s head over to Power BI and see how it is being done. In this scenario, we have created a set of hierarchies where the first level of the hierarchy is in the form of territories.
The second level is in the form of customers.
And the third level is in the form of product names.
So, what’s the logic behind creating this type of hierarchy? We need to find out how we are performing at each and every territorial level. Then, inside each territory, we need to determine who is our best-performing customers.
Additionally, we want to figure out what are the best products our customers like to purchase in their respective territories over a period of time.
To begin with, we will use the wrong approach how to calculate Power BI ranking by using the RANKX function. By doing this, we will understand why the conventional way of doing this will not yield the correct results.
It’s also worth looking at the errors so we can rank the correct measures to evaluate the results for each and every level of the hierarchy in the right manner.
To save time, I copied and pasted the measure based on a simple RANKX function. With this, we created three variables for each of the hierarchies using the simple RANKX function. Additionally, we used the ISINSCOPE function since we are dealing with hierarchies.
Let’s now load this measure and check out the results. As we can see, the territory with the highest total sales is ranked first and the territory with the lowest total sales is ranked last. So far, we are getting the correct results.
Next, check the results for the products to see whether they are also correctly arranged or not.
However, we observed that the customers and products which don’t contain any sales value are still getting ranked. We can stop evaluating these by using the ISBLANK function.
As shown below, we can still see that the first territory and customers for that particular territory are still evaluated correctly.
Scroll down to see how our next territory is ranked.
At this stage, we can now see that there is a problem because the Queensland territory was ranked as second earlier but now, it is evaluated as third.
To be sure, let’s also check how our products are evaluated.
Similarly, the New South Wales territory and the State Ltd customer were both ranked first in the earlier scenarios, but are now second.
Therefore, we cannot use the conventional method of calculating ranking in the case of hierarchies because drill down actually means that we move down from the first level to the next level.
Let’s name our measure as Ranking – Right Measure and create three variables for calculating the ranking for the respective hierarchies.
Type in VAR_Territory_Ranking for our first variable. Inside this variable, the first process is to create a virtual table using SUMMARIZE (Regions, Regions[Territory]). We referenced this to the regions table since territories are coming from that table.
Once we have created our virtual table, inside this, we need to create a virtual column using the ADDCOLUMNS function. This will help us to evaluate the ranking for that particular territory hierarchy.
Then, let’s name our virtual column Territory Ranking and use the RANKX function. We want to rank our highest sales first and the lowest sales last. So, we’ll convert this virtual table into a scalar value by wrapping it up inside the SUMX function.
We implemented the exact same technique for the other two variables such as the VAR_Customers_Ranking and the VAR_Products_Ranking.
Of course, we used the ISINSCOPE function and called out each of our variables against that particular level of hierarchy.
So far, what we’ve done is to create variables for each levels of the hierarchy, and placed each variable against that particular field using the ISINSCOPE function.
It’s time to test our formula and check the results by bringing the measure into our matrix visual and expanding it.
As shown below, the ranking at a territory level is getting evaluated correctly.
Let’s drill down further and check our customer ranking. The New South Wales territory and State LTD customers are ranked correctly as well.
This time around, let’s see how our Queensland territory is evaluated. Finally, it is now ranked accordingly.
For our product levels, it is nice to see that they are also ranked perfectly.
If we’ll also take a look at our second and third customers, we also got the correct results.
Lastly, let’s get rid of the ranking against the blanks by replacing the reference of the respective dimension table names with the Sales table name.
We do this because the Sales table has a lineage with each of these dimension tables. For example, if sales haven’t taken place for a specific product against a particular customer in that territory, then by default, ranking will not be evaluated against that particular data point.
So, let’s go ahead and replace our reference of dimension tables with the Sales Table.
Finally, let’s check the results one last time.
It worked! We can now see that our ranking is only limited to a data point where we have a sales value.
Calculating ranking in a hierarchical form involves complexity especially if you’re dealing with different sets of fields combined in a single set of hierarchies, but it’s worth it because it can really drill down to the next level.
Another important thing to note is that if you would like to see calculate Power BI ranking change based on the selection made into the slicer, then instead of using the ALL function, you can make use of the ALLSELECTED function while evaluating the rankings.
So that’s it for me, I hope you enjoyed this tutorial. There are plenty of resources and further learnings that you can access easily on the Enterprise DNA website, so please check it out.
All the best,
The id property is used to provide an element with a unique identifier. On a web page, you cannot have more than one element with the same id.
A dropdown menu in a computer GUI is a menu that provides a list of options. The menu title or the presently chosen item in the list is always visible. When the visible item is selected, more items from the list “dropdown” into view, from which the user can select.
The id is frequently used in conjunction with getElementById() to fetch a specific element. Another typical scenario is to utilize the ID of an element as a selector when decorating the document with CSS.Syntax var value = document.getElementById("select").form.id;
The getElementbyId() fetches an option from the dropdown menu to get the form’s id and stores it in the value variable.Example
}Using jQuery Library
We use the closest form attribute in jQuery to get the id of a form containing a dropdown list. This attribute returns the form id, which is passed to the function.Syntax var form = $( "#myForm" ).closest("form").attr("id");
The form variable stores the form’s name, which contains the dropdown list and the id to be displayed.Example
In this example, we used an external library called jQuery to retrieve the id of a form with a dropdown list. A form with the id “myForm1” is generated, complete with a button. Another form with the id “myForm2” is generated, containing a dropdown list.
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