different types of industrial ownership exist in India and the world.

2. Ownership
Private
Sector
Enterprise
Cooperative
Sector
Enterprise
Public
Sector
Enterprise

3. Private Sector Enterprise
Sole Proprietorship
Partnership
Joint Hindu Undivided
Joint Stock Company

4. Sole Proprietorship
 Sole Proprietorship is a type of business unit where
one person is solely responsible for providing the
capital bearing the risk of enterprise and for the
management of business.
 Oldest form of business organization.
 Business owned and managed by single person.
 Can be started by anyone who have an initiative to face
any consequences .
 It is a simple and easy business to start.

5. Partnership
 Partnership is the relationship between two or more
persons who have agreed to share the profit of
business carried on by all or any of them acting for all.
 Association of two or more persons to carry business.
 Based upon partnership agreement.
 Partnership agreement defines the authority, rights,
duties and percentage of profit/loss sharing of each
partner.
 Active, Sleeping, General, Limited are the types of
partners.

6. Joint Hindu Undivided Family
 Firm of a family business governed by the Hindu law.
 Business is inherited after death by his son, grandson
and great grandson.
Two systems of inheritance:
1. Dayabhaga law:
 Prevalent in West Bengal.
 Both male and female members can become
copartners.
2. Mitakshara law:
 Prevalent all over India except West Bengal.
 Only male members can become copartners.

7. Joint Stock Company
 Joint stock company is voluntary association of
individuals for the profits having divided into
transferable shares, the ownership of which is the
condition of membership.
 Association of individuals called share holders.
 Company is managed by a board of directors elected
by share holders
 Most suited to large scale business.

8. Types of Joint Stock Companies
1. Private limited companies:
 Established by articles of association
 Minimum 2 and maximum 50 members.
 Do not invite public to subscribe to its share capital.
2. Public limited companies:
 Established by article of association
 Minimum 7 members and maximum no limit.
 Public is allowed to subscribe to its share capital.

9. Public Sector
Enterprise
State Sector Enterprise
Public Cooperation's
Statuary Commissions

10. Aim of Public Sector Enterprise is to
prevent unbalanced growth of industry.
State sector
enterprise
• ownership is
completely owned
by the state
government.
Public
cooperation
• Ownership is
completely owned
by the
government.
Statutory
commissions
• Ownership made
under legislative
authority to
accomplish a
specific objective.

11. Cooperative Sector Enterprise
Producers Cooperative Society
Consumers Cooperative Society
Housing Cooperative Society
Credit Cooperative Society

12. Producer
cooperative
society
Voluntary
association to
increase
production
Fulfill need of
production like
raw material,
tools and
equipment.
Consumer
cooperative
society
Protect
consumers
interest by
making goods
available at
reasonable price
Increase
purchasing
power, eliminate
middlemen.
Housing
cooperative
society
Formed to
provide
residential
facilities to
persons.
Houses and flats
are constructed
to a lot the
house to the
needful.
Credit
cooperative
society
Formed to
financial
assistance or
support to the
member.
Accepts deposits
from the
members and
grant them loans
at reasonable
rate of interest.
Producer
cooperative
society
Voluntary
association to
increase
production
Fulfill need of
production
like raw
material,
tools and
equipment.
Consumer
cooperative
society
Protect
consumers
interest by
making goods
available at
reasonable
price
Increase
purchasing
power,
eliminate
middlemen.
Housing
cooperative
society
Formed to
provide
residential
facilities to
persons.
Houses and
flats are
constructed
to a lot the
house to the
needful.
Credit
cooperative
society
Formed to
financial
assistance or
support to
the member.
Accepts
deposits from
the members
and grant them
loans at
reasonable rate
of interest.