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Basis	Doctrine of Indoor Management	Doctrine of Outdoor Management
(a) Meaning	It protects outsider against the company. The doctrine of indoor management follows from the doctrine of ‘constructive notice’ laid down in various judicial decisions. The hardships caused to outsiders dealing with a company by the rule of‘constructive notice’ have been sought to be softened under the principle of ‘indoor management’. It affords some protection to the outsiders against the company.	It protects the company against the outsider. Doctrine of constructive notice is a doctrine where all persons dealing with a company are deemed (or "construed") to have knowledge of the company's articles of association and memorandum of association.
(b) Scope	It is confined to the internal position and affairs of the company.	It is confined to the external position and affairs of the company.
(c) Contents	The internal affairs need not be registered. They are not open to public and third parties.	The memorandum and articles of association of the company are public documents. They must be registered with the Registrar of Companies. These are open to public and third parties to access.
(d)Compulsion	Third persons, who have no notice to any irregularity or want of authority, will be protected on the principle called the ‘Turquand Rule’.	Third persons, who have no notice of an irregularity or want of authority, if they try they could know about that irregularity or want of authority, will not be protected on the principle of ‘constructive notice’

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What is commsion

Posted by Khlur Bareh 5 years, 8 months ago

CBSE > Class 11 > Business Studies

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Explain the social objectives of business

Posted by Ajay Yaduvanshi 7 years, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Aaditya Sharma 7 years, 4 months ago

Social objectives of the business which are desired to be achieve for the benefit of society. 1.production of quality goods. 2.to charge fair prices. 3.to provide employment. etc.

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What is buisness

Posted by Shambhavi Namdev 7 years, 4 months ago

CBSE > Class 11 > Business Studies

2 answers

Pihu Agrawal 7 years, 4 months ago

A legal interprises set up with tha view of earning profit is called bussiness

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Sarita Panchal 7 years, 4 months ago

Any economic activity which is performed to earn money it constitutes exchange/ production of goods and services is known as business.

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What is the difference between undertakings and enterprise?

Posted by Alisha Wadhwa 7 years, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Shashi Ramachandran 7 years, 4 months ago

Public Sector Enterprise is part of Public Sector Undertaking. It's same

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What is partnership registration?

Posted by Shivam Prajapati 7 years, 4 months ago

CBSE > Class 11 > Business Studies

3 answers

Shashi Ramachandran 7 years, 4 months ago

Registration of partnership means getting partnership registered under Partnership Act 1932. Registration helps partnership to be considered as legal. Although registration is not compulsory.

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Alisha Wadhwa 7 years, 4 months ago

Registration is not necessary in partnership but useful.... First of all, a form is given to the partners which they have to filled. It contains name and address of partners and firm , head office of the business, name of other places where the firm has business, period of firm, signatures of partners. They have to deposit it to the registrar. If registrar is satisfied with all the information then he enters this information in the register of firm .. After this, certification of registration is given to partners Firm Registeres

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Shivam Prajapati 7 years, 4 months ago

Pls give me answer

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Explain difference between partnership and cooperative society ?

Posted by Mansi Asati 7 years, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Shashi Ramachandran 7 years, 4 months ago

1.Registration not compulsory in partnership.

Registration is compulsory in cooperative society

2. Earning profit is main motive of partnership

welfare of the members is a motive of cooperative society

3.unlimited liability in partnership

Limited liability in case of cooperative society

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Why nominal partner have unlimited liability

Posted by Aman Khan 7 years, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Ankit Kuchhal 7 years, 4 months ago

Because business continues only on name and respect of nominal partner.

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Why are human activities performed

Posted by Nitesh Pal 7 years, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Nitesh Pal 7 years, 4 months ago

Human activities performed by an individual to satisfy his material and social need

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Creditors do not actually have to worry about their dues in case the business ways in which forms of business is this possible identify and explain the special features which is highlighted in the statement

Posted by Shubh Vijayvargiya 7 years, 4 months ago

CBSE > Class 11 > Business Studies

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Explain the difference between industry commerce and trade

Posted by Rahul Kumar 4 years, 6 months ago

CBSE > Class 11 > Business Studies

1 answers

Sia ? 4 years, 6 months ago

Industry	Commerce	Trade
1. Refers to the production of goods and services.	Refers to the distribution of goods and services supplied by industries.	Refers to the actual exchange or and of purchase and sale.
2. It represents supply side of goods and services.	It represents demand side of goods and services.	It represents the exchange of goods and services.
3. It requires huge fixed and working capital in production	It requires limited fixed capital, but huge working capital.	It requires limited fixed capital. Limited working capital is enough if turnover is quick.
4. It includes genetic, extractive, manufacturing and construction industries.	It includes trade and auxiliaries to trade.	It includes domestic and international trade.
5. It may be carried on at home, workshop, factory or mine.	It involves movement of goods from the place of production to the place of consumption.	It is carried on where buyers and sellers exist.
6. It creates form utility by changing the form or shape of materials.	It creates place utility and time utility through preservation of goods and their movement from one place to another.	It creates place utility through exchange of goods and services.

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Explain the concept of business

Posted by Love Kumar 7 years, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Ashtrix Official 7 years, 4 months ago

Business is done with the objective of earning profit

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One man control is the besti in the world if that one man is big enough to manage everything " explain this statement

Posted by Ravinder Bhatia 7 years, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Ashi Gupta 7 years, 4 months ago

Its is true but specially in sole proprietorship

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Define departmental undertakings....

Posted by Kapil Upadhyay 7 years, 4 months ago

CBSE > Class 11 > Business Studies

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find out names of enterprises which are private sector public sector joint sector

Posted by Fayiz Mhd 7 years, 4 months ago

CBSE > Class 11 > Business Studies

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How can a person identify whether a company is a private co. or a public co. ???

Posted by Shubhra Jain 7 years, 4 months ago

CBSE > Class 11 > Business Studies

1 answers

Ashtrix Official 7 years, 4 months ago

For public company :- ltd is written after company name and for private co. :- private ltd is written

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Q. “No business is risk free” in the light of this statement, explain the concept of business risk and it’s any three causes.

Posted by Anjali Rathor 7 years, 4 months ago

CBSE > Class 11 > Business Studies

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What is red tapiam

Posted by Harshit Sh 7 years, 4 months ago

CBSE > Class 11 > Business Studies

2 answers

Alisha Wadhwa 7 years, 4 months ago

Excessive paper work and the habit of not finishing the work leads to delay and red tapism. A huge no. Of files is there and sometimes some files will not be opened and which is opened consumes a lot of time which leads to red tapism

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Jatin Jindal 7 years, 4 months ago

May be, red Tapiam means delaying in work

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Why is the insurance known as tertiary industries

Posted by Abhishek Purusharthi 7 years, 4 months ago

CBSE > Class 11 > Business Studies