No products in the cart.

  1. Homework Help
  2. CBSE
  3. Class 11
  4. Business Studies

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

Install Now
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 6 years, 9 months ago

    CBSE > Class 11 > Business Studies
    • 1 answers

    Gaurav Seth 6 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

    2Thank You

    ANSWER
    https://examin8.com Test

    Related Questions

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

    • Posted by Pranav Damariya 1 year, 5 months ago

    CBSE > Class 11 > Business Studies
    • 0 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 11 months ago

    CBSE > Class 11 > Business Studies
    • 0 answers
    Shubhash dey class 11 bst ch3 cbq

    • Posted by Anishka Bephlawat 2 months, 1 week ago

    CBSE > Class 11 > Business Studies
    • 0 answers
    What's the business

    • Posted by Ranjit Verma 1 year, 5 months ago

    CBSE > Class 11 > Business Studies
    • 0 answers
    Why are global enterprises considered superior to other business organisation

    • Posted by Amandeep Kaur 1 year, 5 months ago

    CBSE > Class 11 > Business Studies
    • 0 answers
    To make an imaginary portfolio totalling a sum of rupees 5000 equally in any of the five companies of their choice listed above over a period of 20 working days the students may be required to record the presence of this talk on on daily basis and present a diagrammatically on the graph paper they will understand the weekly holidays and the holidays under the can negotiable instrument act they will also come across the terms like closing prices opening price etc

    • Posted by Siddarth Singh 1 year, 5 months ago

    CBSE > Class 11 > Business Studies
    • 0 answers
    Discuss the various social objectives of business class 11

    • Posted by Suhan Chamadiya 1 year, 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 1 year, 5 months ago

    CBSE > Class 11 > Business Studies
    • 0 answers
    Ankita is the manager in the mnc

    • Posted by Krisha Bhuva 1 year, 5 months 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 1 year, 5 months ago

    CBSE > Class 11 > Business Studies
    • 1 answers

    myCBSEguide App

    myCBSEguide

    Trusted by 1 Crore+ Students

    Install Now

    Test Generator

    Test Generator

    Create papers online. It's FREE.

    Try Now

    CUET Mock Tests

    CUET Mock Tests

    75,000+ questions to practice only on myCBSEguide app

    Install Now
    Google Play

    Download myCBSEguide App

    All Courses

    Other Websites

    CBSE Courses

    Resources

    Corporate

    NCERT Solutions

    CBSE Sample Papers

    All Content and Intellectual Property is under Copyright Protection | myCBSEguide.com ©2007-2025