No products in the cart.

Kavya Ltd. was established in the …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Kavya Ltd. was established in the year 2012 by seven friends. As business of the company has increased, its management is now planning to convert it into another form to raise funds from public. (I) name the form of business Kavya Ltd. Is planning to adopt. (II) give any four difference between old and new form of business.

Posted by Shaina Rajput 5 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Gaurav Seth 5 years, 9 months ago

<th>BASIS FOR COMPARISON</th> <th>PARTNERSHIP FIRM</th> <th>COMPANY</th>

Meaning	When two or more persons agree to carry on a business and share the profits & losses mutually, it is known as a Partnership firm.	A company is an association of persons who invests money towards a common stock, for carrying on a business and shares the profits & losses of the business.
Governing Act	Indian Partnership Act, 1932	Indian Companies Act, 2013
How it is created?	Partnership firm is created by mutual agreement between the partners.	The company is created by incorporation under the Companies Act.
Registration	Voluntary	Obligatory
Minimum number of persons	Two	Two in case of private company and Seven in case of public company.
Maximum number of persons	100 partners	200 in case of a private company and a public company can have unlimited number of members.
Audit	Not Mandatory	Mandatory
Management of the concern	Partners itself.	Directors
Liability	Unlimited	Limited
Contractual capacity	A partnership firm cannot enter into contracts in its own name	A company can sue and be sued in its own name.
Minimum capital	No such requirement	1 lakh in case of private company and 5 lakhs in case of public company.
Use of word limited	No such requirement.	Must use the word 'limited' or 'private limited' as the case may be.
Legal formalities in dissolution / winding up	No	Yes
Separate legal entity	No	Yes
Mutual agency	Yes	No

ANSWER

http://mycbseguide.com/examin8/

Related Questions

Why are global enterprises considered superior to other business organisation

Posted by Amandeep Kaur 4 months, 3 weeks ago

CBSE > Class 11 > Business Studies

0 answers

Have you ever witnesses any shop or a business get in closed in your locality.interact with the owner to find out the reason for it closer or losses incurred. Prepare a project report on the factor to be considered for starting any business

Posted by Rajesh Agrawal 4 months, 2 weeks ago

CBSE > Class 11 > Business Studies

1 answers

case study on apples from kashmir and himachal pradesh 1. research for change in price of apples in plucking and non plucking season 2. effect on price in the absence of effective transport system 3. effect on price in the absence of suitable warehouse facilities 4. role of warehouse 5. demand and supply situation of the apple during harvesting season 6. price near the place of origin and away.

Posted by Valiant Rider 4 months, 1 week ago

CBSE > Class 11 > Business Studies

0 answers

Shubhash dey class 11 bst ch3 cbq

Posted by Anishka Bephlawat 4 months ago

CBSE > Class 11 > Business Studies

0 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Sanya Miglani 4 months, 3 weeks ago

CBSE > Class 11 > Business Studies

0 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Shally Sinha 4 months, 3 weeks ago

CBSE > Class 11 > Business Studies

0 answers

Create a blue print of 12-15 pages on case study on a product topic- fishes from coastal areas

Posted by Pranav Damariya 5 months ago

CBSE > Class 11 > Business Studies

0 answers

describe all the types of banks, commercial bank, cooperative bank, specialised bank, central bank....

Posted by Harshita Modi 5 months ago

CBSE > Class 11 > Business Studies

0 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Nikunj Mittal 4 months, 3 weeks ago

CBSE > Class 11 > Business Studies

0 answers

What's the business

Posted by Ranjit Verma 4 months, 3 weeks ago

CBSE > Class 11 > Business Studies

0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Google Play

Download myCBSEguide App