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Sole proprietorship and its characteristics
...oprietor and their orders are higher valued. (8) No legal formalities The sole trader can set up or close the lawful business as and when he likes the operation of his business is not governed by any special act or ordinance. (9) Ease of dissolution The sole trading business is as easy to end or dissolve as is its formation. The decision of the proprietor alone ends the business. .... 
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Kinds of partners
...Types of Partners The partners of a firm are broadly divided into three main categories. (1) General Partners.(2) Special Partners. (3) Other Partners.(1) General PartnersBasically all the partners of a firm are general partners. General partners we those whose liability is unlimited in the f General partners are of two types (a) Active partner, and (b) Sleeping partner. (a) Active Partner A partn.... Read
Memorandum of association
...word of the name of the company must be "Limited". The company can adopt any name but there are certain restrictions and the words like ROYAL, IMPERIAL, EMPIRE, ESTATE etc. cannot be used without the special permission of the government.2. Object Clause:This clause is quite important and must be very carefully drafted as it determines the activities of the company. In the object clause each and ev.... Read
Salient features or characteristics of partnership
...h their business is carried on is called the firm name”. Chief Features of a Firm.The salient features of partnership are as under 1. Formation According to the Partnership Act of 1932, there is no special mode for the creation of a partnership. If persons between 2 and 20 enter Into agreement oral or verbal for carrying on a business, with a private gain, then partnership is formed (10 in case .... Read
Business organization nature and scope
...Meaning of Business OrganizationBusiness organization is composed of two words, business and organization. In order to understand the nature of business organization, it is necessary that the meaning of these two words is made clear to the readers.(1) BusinessBusiness is a human economic activity. It involves continuous and regular production and distribution of goods and services with a view to e.... Read
Merits and demerits of partnership form of organization
...awful business In common with a view of private gain.” The formation of partnership is easy and simple. It is formed to meet the need for” more capital, effective supervision and control, greater specialization, division of work between proprietors and for spreading of risk. The main merits claimed of partnership organization are as follows. Advantages of Partnership 1. Easy to Form The partne.... Read
Types of cheques
...e counter of the drawee bank. It will be deposited in the account of a person in whose order or favor it is drawn.Kinds of crossingLegally there are two kinds of crossing (a) General Crossing and (b) Special Crossing.(a) General Crossing. The drawing up of two simple parallel transverse lines on the face of the cheque at the top left hand corner with or without the words & Co. Not negotiable or Ac.... Read
Mutual duties rights and liabilities of partners in the absence of partnership agreement
...The duties, rights and liabilities of partners in the conduct and management of the affairs of the partnership are contained in its partnership deed. However, if on any point, the deed is silent, then the relevant rule of the Partnership Act, 1932, will apply. In the absence of a written partnership agreement, the mutual rights and duties of partners shall be governed by the Partnership Act which .... Read
The position of a minor in partnership
...A Minor Cannot Be a Partner A minor partner is a partner who is not major (not completed 18 years). A minor cannot enter into a contract according to Section 20 of Partnership Act. A contract with minor is void. Since partnership is a relation resulting from contact, therefore a minor cannot be a partner in a firm. A Minor Can Be Admitted to The Benefits of Partnership AloneA minor can be admitted.... Read
Partnership distinguished from co ownership
...Meaning of Co-Ownership Partnership and co-ownership have different meanings. In partnership, there is an association of two or more, persons who carry on common business for earning profit. They share its profits and losses as per oral or verbal agreement. Co-Ownership refers to joint ownership in a property by more than one person. If two, or more persons A 6 and C, purchase a property collecUve.... Read
Partnership agreement deed
...What is Partnership Deed? Partnership agreement in writing is called partnership deed. Partnership deed is a document which is signed by all the partners and which contains all the matters determining and governing the mutual rights, duties and liabilities of the partners in the conduct and management of the affairs of the partnership. It may also be referred to as articles of partnership” conta.... Read
Alpha fibe fbcx
...ading fiber supplements. FBCx means: Fat Binding Complexer 1 gram of FBCx complexes 9 grams of fat and is demonstrated more effective than Chitosan.
FBCx, the process, that makes Alpha-Fibe FBCx so special, is patented in the USA, Russia, South Korea, Singapore and South Africa with futher worldwide patents pending, and approved in Europe, Australia, and Brazil for sale. Warnings We only know o.... Read
One man control is best in the world
...ders that they are an awful lot of them but they do not do very much.” Is One Man Control Best in The World? With the advent of Industrial Revolution, introduction of machinery, division of labour, specialization, expansion in the scale of production, greater business risks, diversification of managerial tasks, large capital requirement, etc., etc. the one man control Is no more the rule of the .... Read
Aarkstore enterprise edp energias de portugal sa analysis across the oil and gas value chain report
... Summary EDP Energias de Portugal SA Analysis Across the Oil and Gas Value Chain is an essential source for data, analysis and strategic insight into EDP Energias de Portugal SA. The report provides key information relating to oil and gas assets of the company along with its operations across the value chain. The report examines the company’s business structure, operations and products, and pro.... Read
25th wedding anniversary gift ideas for silver jubilee celebration of the couple
...ng the best one. The couples always try to pick up something that can exhibit the care and love for their partner. Basically, they want their presents to act as the medium to make their partners feel special and thank them for being there with them in all the best and worst situations of their life.
The 25th wedding anniversary gift must symbolize perfection and love. This is a great gift for a c.... Read
Different types of bank customers
...ld be very cautious in the selection of customers as it is to have a continued relationship with them. The customers of a bank can mainly be divided into two categories (1) Ordinary Customers and (2) Special Customers. Ordinary Customers are those who are competent to enter into contract under the laws of land. An individual, a body corporate, a firm can open an account with the bank. The bank bef.... Read
Reconstitution of partnership or admission and withdrawal of partners in a firm
...(1) Admission of a New Partner According to the Partnership Act, no new partner can be taken in a firm without the consent of all the existing partners. The new partner when admitted is called ‘incoming partner’. An incoming partner is not liable for any act of the firm done before he became a partner.2. According to Section 31 of the Partnership Act, subject to contract between the partners a.... Read
Ipl hair removal technique essential information top 3 tips
...icle leads to delayed growth of hair. In this way, the hair follicle is destructed permanently, leading to permanent hair removal solution. Multiple Sessions of IPL Hair Removal Treatments This needs special mention here that this specialised laser hair removal technique requires various sessions as it is not possible to finish off the work in a single one. Those hairs that are at the growing phas.... Read
New tamil news paper for latest updates from dinamalar dinamani dinakaran and other tamil news papers
...rious popular services targeting the Tamil audience across the globe. Through the new e-paper it’s easy to get any of the regional daily morning newspaper, online. The service also delivers all the special supplements from popular Tamil news papers like Dinamalar, Dinakaran, Malaimalar and Dinamani through their online publication portal. The main advantage of the service is people from the Tami.... Read
Apsrtc launched online booking facilities
...ovides lots of ways to book tickets for road transport. Recently, it provides an online booking service. Now you can book APSRTC e-Ticket from your desktop. Besides availability of online booking of special buses for the tour, the APSRTC has set up authorised booking centres in close to 60 places in the city. The package includes a bus journey from Pandit Nehru Bus Station in Vijayawada up to Pat.... Read
