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Kavya Chanana 3 years, 10 months ago

Business ethic refer to rule which are to follow while doing business
Case study 1: With the introduction of the Hindu Succession (Amendment) Bill, 2004 in Parliament on December 20th 2004, the Government has gone a step further in fulfilling is commitment towards gender equality made in National Common Minimum Programme (NCMP). The Bill to amend the Hindu Succession Act of 1956 gives women equal rights in the inheritance of ancestral wealth, something reserved only for male heirs earlier It, indeed, is a significant step in bringing the Hindu Law of Inheritance in accord with the constitutional principle of equality. The enactment of the proposed legislation would also implement the recommendations of the National Commission for Women (NCW) substantially to help bring social change in society. The Bill seeks to remove the discrimination as contained in Section 6 of the Hindu Succession Act, 1956 by giving equal rights to daughters in the Hindu Mitakshara coparcenary property as the sons have, In what is known as the Kerala model, the ions concept of co – parcenary was abolished and according to the Kerala Joint Family System (Abolition) Act, 1975, the heirs (male and female) do not acquire property by Birth but only hold it as tenants as if a partition has taken place. Andhra Pradesh (1986), Tamil Nadu (1989), Karnataka (1994) and Maharashtra (1994) also enacted laws, where daughters were granted ‘co-parcener’ rights or a claim on ancestral property by birth as the sons. Equality for women not just a matter of equity for the so called weaker ***, but a measure of the modernity of Indian society and the pragmatic nature of our civilisation. On the basis of above case, answer of the following questions. 1. The above case makes a reference to Mitakshara system. What is meant by it? 2. Is Mitakshara the only system governing co – parcenary property?
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Akshat Pathak 3 years, 10 months ago

Answer is get out form this aa0

Shiv Sankar Shil 3 years, 11 months ago

1.Fixed price contract 2.Cost plus contract 3.Time and material contract
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Kavya Chanana 3 years, 10 months ago

1 promotion 2 incorporation stage. 3 capital subscription 4. Commencement of business
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Sia ? 3 years, 11 months ago

Please complete your question

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Preeti Dabral 3 years, 11 months ago

An equity joint venture (EJV) is an agreement between two companies to enter into a separate business venture together whereas Contractual joint venture(CJV) is an agreement in which two parties come together for a particular business project and sign a contract outlining the terms under which they will work together.

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Preeti Dabral 3 years, 11 months ago

A lump-sum payment is an amount paid all at once, as opposed to an amount that is divvied up and paid in installments.

Palak Bansal 3 years, 10 months ago

A lump sum payment is payment which is made at all once
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Sia ? 3 years, 11 months ago

A departmental store is a large establishment, which sells a wide variety of products and aim to satisfy all needs of the customers under one roof.

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Sia ? 3 years, 11 months ago

One of the key chapters in the Business Studies syllabus is the Formation of a Company which refers to the process of registering an organization as a limited company, thus making it a definite legal entity.

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Sia ? 3 years, 11 months ago

Difference between Co-operative society and Company:

Basis of difference Co-operative society Company
(i) Regulations It is governed by the Co-operative Society Act, 1912. It is governed by the Companies Act, 2013.
(ii) Transfer of share The members of co-operative societies cannot transfer their shares. Shares can be easily transferred in case of a public company but not in the case of a private company.
(iii) Aim The main aim of a co-operative society is to render services to its members. The word cooperative means working together and with others for a common purpose The main aim of a company is to earn profits.
(iv) Number of members Minimum 10 members are required to form a co-operative society, while there is no limit on the maximum number of members. For private company: Minimum-2, Maximum-200, For public company-Minimum-7, Maximum-No limit.
(v) Control Managed and controlled by the elected managing committee. Managed and controlled by the Board of Directors.
(Vi) Government support Support in the form of low taxes, subsidies, loans at a low rate of interest, etc are provided by the government. No government support is provided to companies.
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Sia ? 3 years, 11 months ago

The Karta has unlimited liability. The liability of all other members of Joint Hindu Family Business is limited to the extent of their share in the property of the family business.
Karta is responsible for taking decisions and all other members need to follow his instructions. Only the karta has legal rights to enter into contract with outsiders. So if he takes a wrong decision it is his fault and he would have to pay off the debts by selling personal assets if there are inadequate funds in the business.

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