jobber and joint holders

Jobber or Taravaniwallah
jobber is a person who trades in shares, and is located at a particular trading post on the trade floor of the stock market . He buys and sells the shares  for a small difference in price, which is called the SPREAD. If he bids at Rs.64 and offers at Rs 66, it means that he will buy a share at Rs. 64 and sell it at Rs.66, keeping Rs 2 as his margin. demand ans supply factors determines the spread  of a share in the stock market.

The Bombay Stock Exchange has made it mandatory for every company with a share capital of over three crores to appoint jobbers or market-makers if it seeks its name on the listing . This will enable investors to have both buy and sell quotations on the stock exchange, and increase the liquidity of shares.

Joint Holders
in joint holdings Shares can be held jointly. In an application for new issue, up to three persons can apply jointly, although the company will correspond send dividends and notices to, the first holder of the shares only. While signing the deed of transfer after a sale of shares, all the joint holders must sign, in the order in which entitle a shareholder to claim deductions on account of dividend interest, only the first named holder is eligible.

In the event of death of the first holder, the second holder, on submission of an attested copy of the death certificate becomes the beneficiary. Similarly for the third holder, if any.

Joint Venture
joint venture is a Collaboration, but not partnership, between two complementary companies, mostly it is between  one Indian company  and the other is a foreign company , with an aim to make better use of each other’s technology or services. Usually both the collaborators have equity stakes in the company – the percentage varying with the degree of collaboration of the second company. Joint ventures are usually confined to single projects.

Junk Bond
In United States , borrowing instruments of companies,such as fixed deposits and debentures, are called bonds. Investors in these are definately interested in the safety of their investment, the timely payment of interest, and their prompts redemption when the loan period is over. Debt instruments which do not fulfil these requirements, and which are often issued by companies threatened with takeover bids are known as junk bonds.