16 Jul '11, 6am

TR: Straits Times censors Tan Jee Say’s press statement #sgelections #sgpresident

Paid-up capital is a fund paid into a company for the purpose of investing in and operating the business the company is authorized to carry out. Asset and fund management companies invest clients’ money or assets in a range of businesses including, at times, taking up shares (which is paid-up capital) in the business entities in which they invest on their client’s behalf. “Paid-up capital” and “managed capital” are both “capital”, money to be invested, except the former is paid into the company as an investment for the business, whereas the latter is being invested without it being paid first into the company doing investments in a variety other businesses and assets. The fact that fund management companies handle a great number of clients’ monies and a wide range of portfolio, it would be impractical and pointless to have their many clients’ capital paid into the company ...

Full article: http://www.temasekreview.com/2011/07/16/straits-times-cen...

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