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Yogita Ingle 5 years, 3 months ago
Meaning | A public company is a company which is owned and traded publicly | A private company is a company which is owned and traded privately. |
Minimum members | 7 | 2 |
Maximum members | Unlimited | 200 |
Minimum Directors | 3 | 2 |
Suffix | Limited | Private Limited |
Start of business | After receiving certificate of incorporation and certificate of commencement of business. | After receiving certificate of incorporation. |
Statutory Meeting | Compulsory | Optional |
Issue of prospectus / Statement in lieu of prospectus | Obligatory | Not required |
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Sia ? 5 years, 3 months ago
Outsourcing is yet another trend that is radically reshaping the business. It refers to long-term contracting out of generally the non-core business activities and of late even some of the core business activities to captive organization or third-party specialists with a view of benefiting from their experience, expertise, efficiency and even investment for the development of there product and by this way only outsourcing is representing a new mode of business.
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Yogita Ingle 5 years, 3 months ago
The word ‘cooperative’ means ‘working together’ with others for a common purpose. The cooperative society is a voluntary association of persons, who join together with the motive of welfare of the members. The membership of a cooperative society is voluntary. A person is free to join a cooperative society and can also leave anytime without any compulsion. The decision-making’ power in a cooperative society lies in the hands of an elected managing committee. Every member has one vote and this right to vote gives the members a chance to elect the members of the managing * committee.
All these features lend the cooperative society a democratic character. Further, the membership of a cooperative society is open to all, irrespective of their religion, caste and gender. The cooperative society through its purpose lays emphasis on the values of mutual help and welfare. These features prove the secular nature of cooperative societies.
Posted by Niladri Kumar 5 years, 3 months ago
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Gaurav Seth 5 years, 3 months ago
Meaning
A business enterprise is an institutional arrangement to form any business activity.
Classification
On the basis of ownership business enterprises can broadly be classified into the following categories:
In case of CORPORATE FORM of private enterprises the identity of the enterprise is separate from that of the owner and in case of NON CORPORATE FORM, the identity of the enterprise is not different from that of its owners.
Posted by Kush Pandey 5 years, 3 months ago
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Gaurav Seth 5 years, 3 months ago
The different types of Public Enterprises are as follows.
(i) Government Department - is the oldest form of running a government activity and is freely held by the Central or State enterprises like the defense, railways, posts and telegraphs, etc.
(ii) Public Corporation - They were popular as an enterprise after the First World War.
(iii) Government Company - The Companies Act of 1956 states that a government company is one in which more than 51 percent of the share capital is controlled by the Central Government or by a State Government or even partially by the Central Government and partly with one or more State Governments.
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