This presentation makes an attempt to help a lay man understand briefly the various forms of business organisations prevalent in the Indian Business world.
MEANING AND DEFINITION OF COMPANY, IT'S CHARACTERISTICS AND TYPES OF COMPANYKhushiGoyal20
This slide share is of subject company law . In this you will learn about meaning and definition of company , types / kinds of company (private , public , holding , subsidiary , limited liability and unlimited liability company etc.) , and its characteristics.
Definition , Features , Advantages , Disadvantages , Classification , Details of it's classification , Economic Importance of Joint Stock
Company in Bangladesh
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Economic importance of joint stock company in Bangladesh , Method of formation , Modes of winding up .
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This slide share is of subject company law . In this you will learn about meaning and definition of company , types / kinds of company (private , public , holding , subsidiary , limited liability and unlimited liability company etc.) , and its characteristics.
Definition , Features , Advantages , Disadvantages , Classification , Details of it's classification , Economic Importance of Joint Stock
Company in Bangladesh
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Company in Bangladesh
Economic importance of joint stock company in Bangladesh , Method of formation , Modes of winding up .
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Company Definition, Meaning, Features of Companies, Companies Act 1956, Types of Companies, Structure of Companies, Hierarchical Structure of a company
in this presentation , explained about one person company.
it's a new concept which includes some feature of sole trading concern and some features of a company.
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in this presentation , explained about one person company.
it's a new concept which includes some feature of sole trading concern and some features of a company.
An easy way to find the new Companies Act, 2013 with its new and important changes..
Tried to made it maximum simple to understand..
The new legislation will create new avenues for Business and Professionals relating to this field..especially corporate law experts..
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Social responsibility of business towards different sections of society .Reasons for the development of social responsibility concept,Arguments against social responsibility,
Social activities undertaken by some companies
Types of Business Organization, Meaning of Business Organization, Characteristics of Business Organization
Forms of Business Organization
Sole Proprietorship
Meaning of Sole Proprietorship
Features of Sole Proprietorship
Merits of Sole Proprietorship
Demerits of Sole Proprietorship
Hindu Undivided Family
Meaning of Hindu Undivided Family
Features of Hindu Undivided Family
Merits of Hindu Undivided Family
Demerits of Hindu Undivided Family
Partnership
Meaning of Partnership
Features of Partnership
Merits of Partnership
Demerits of Partnership
Types of Partners
Company
Meaning of Company
Features of Company
Merits of Company
Demerits of Company
Types of Companies
Limited Liability Partnership (LLP)
Meaning of LLP
Features of LLP
Merits of LLP
Demerits of LLP
Co-operatives
Meaning of Co-operatives
Types of Co-operatives
Features of Co-operatives, Merits of Co-operatives
Demerits of Co-operatives
Multi-National Corporations
Meaning of Multi-National Corporations
Features of Multi-National Corporations
Merits of Multi-National Corporations
Demerits of Multi-National Corporations
Identify and assess different core business structure of an organization and explain how these structure help to achieve the aims of the business.
Identify and compare different types of businesses.
This Presentation Is Prepared by Akhilesh Kumar Kanik for his Class related work the subject is Industrial Organisation Management which is taught in the 2nd semester of Master of Engineering in Industrial Engineering and Management at the Department of Mechanical Engineering Ujjain Engineering College Ujjain Madhya Pradesh.
keep enjoying the learning and following this and encourage me to make more effective content for learning and knowledge sharing..
There are different forms of business organisation which are discussed in this chapter. These include the following:
Sole proprietorship
Joint Hindu family business
Partnership
Joint-stock Company
Cooperative Societies
Holding & Subsidiary Companies
International organizations
MNCs
1. Sole proprietorship
2. Joint Hindu family business
3. Partnership
4. Joint-stock Company
5. Cooperative Societies
Sole Proprietorship
It is a form of organisation owned, managed and controlled by an individual (also known as a sole proprietor) who is responsible for bearing all the risk and receiving all the profit.
Features
• The sole proprietor can establish and close the business without any legal formalities.
• The liability of the sole proprietor is unlimited.
• Being the sole owner, the sole proprietor bears all the risk and receives all the profits.
• All the decisions are taken and implemented in the organisation by the owner.
• Owners and businesses have no separate entity and are considered one in the eyes of the law.
• Even in case of a lack of business continuity, the business can continue until the owner wants.
Advantages
• Prompt decision-making as all the decisions are to be taken by the owner.
• Being a sole owner, it is easy to maintain business secrecy.
• The owner enjoys all the profits as there is no one to share profits.
• A successful business provides satisfaction to the owner and a sense of achievement.
• No legal formalities are required for a business’s formation and closure, making it easy to start and end the business.
Disadvantages
• Due to limited resources, a business can be funded from the owner’s savings or money borrowed from friends or relatives.
• The business’s continuity depends on the owner’s health and state of mind.
• If the business fails to repay debts, the sole proprietor’s personal assets are at risk.
• One person may not possess the ability to manage all the functions.
Joint Hindu Family Business
In this form of business organisation, the business is owned and managed by the members of an undivided Hindu family, with the possibility of three successive generations as members of the business.
Features
• The business is formed with at least two members of a Hindu Undivided Family having ancestral property. The Hindu Succession Act, 1956, governs it.
• Except for Karta, all the family members have limited liability up to their share in the business property.
• Karta has the right to control all the activities in the business organisation.
• The business can be discontinued based on the consent of all the members of the family.
• Membership in the organisation is by birth.
Advantages
• Karta has complete control of the business, thus effective decision-making is ensured.
• The business continues till all the members wish to continue, and control is transferred to the next elder member in case of the death of ‘Karta’.
• Members of the family enjoy liability limited to their share in the business party.
• All the work is done with the common objective of growth as the family members have a sense of belongingness and loyalty.
Limitations
• Due to limited financial resources, businesses can be funded mainly from ancestral property.
Contribution of Parsis toPolitics and Business during Colonial eraAaditya Nagpal
This PPT gives a brief insight into the contribution of Parsis to the business and political sphere before independence.
This was presented as a part of my course called " Management Communication through Indian History"
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It was a part of the subject "Facilities Design" of Industrial Engineering at Thapar University, Patiala
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"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
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Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
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2. WHAT IS A BUSINESS ORGANISATION?
The term "business organization" refers to how a
business is structured.
It refers to a commercial or industrial enterprise
and the people who constitute it.
3. TYPES OF BUSINESS
ORGANISATIONS
• Sole Proprietorship
• Joint Hindu Family Business
• Partnership Firm
• Joint Stock Company
1.) Private Limited
2.) Public Limited
• Co-operative Society
4. Choosing a Form of Business Organisation
The choice of the form of business is governed by
several interrelated and interdependent factors :-
• The nature of business is the most important
factor
• Scale of operations i.e. volume of business (
large, medium, small) and size of the market area
(local, national, international)
5. • The degree of control desired by the owner(s)
• Amount of capital required for the establishment
and operation of a business
• The volume of risks and liabilities as well as the
willingness of the owners to bear it
• Comparative tax liability
6. SOLE PROPRIETERSHIP
When the ownership and management of a business are
in control of one individual the form of business is called
sole proprietorship.
7. CHARACTERISTICS
• The business enterprise is
owned by one single individual
(i.e. both profit and risk belong
to him)
• Owner is the Manager
• Owner is the only source of
Capital
• The proprietor and business
enterprise are same in the eyes
of the law.
8. ADVANTAGES
OF
SOLE
PROPREITORSHIP
• Easy formation
• Better Control (Prompt decision making and
Flexibility in Operations)
• Subject to fewer regulations
• Not subject to corporate income tax
• Ownership of all profits
9. DISADVANTAGES OF SOLE
PROPREITORSHIP
• Owner has unlimited
liability
• Difficult to raise
capital
• Business has a limited
life
• Difficult to do
business beyond a
certain size
10. JOINT HINDU FAMILY BUSINESS
• Comes into existence as per
the Hindu Inheritance Act of
India
• This form of business found
only in India
• All members of the Hindu
Undivided Family(HUF) own
the business jointly
• The affairs of the business
are managed by head of the
family called “Karta”. All
other members are called
“Co-parceners”
11. • Membership is restricted only to
members of the Joint family. No
outsider can become the
member
• Karta has unlimited liability
while all other members have
limited liability
• The share of each member keeps
on fluctuating
• Business continues to exist upon
the death of any member or
Karta.
12. ADVANTAGES OF HUFs
• Every co-parsener has an assured
share in profits
• The business has continued
existence
• Decision making is quick as the
powers are with the Karta
• No corporate tax
• People use it mostly for tax
benefits these days
13. DISADVANTAGES OF HUFs
• Absolute power in the hands
of Karta.
• Instability
• Limited Resources can be
raised
• Scope for conflict
15. CHARACTERISITCS OF PARTNERSHIP
• Minimum 2 number of partners and maximum 20
partners
• The relation between the partners is created in the
form of a contract. Written contract is called
“Partnership Deed”
• The firm means partners, the partners mean the
firm
• The profit is divided in any as ratio as agreed
• No partner can sell/transfer his interest in the firm
to anyone without the consent of other partners
16. ADVANTAGES OF PARTNERSHIP
• Easy Formation
• Larger Resources
• Sharing Of Risk
• Better Management and
Flexibility of Operation
• No corporate income tax
• Subject to fewer regulations
as compared to companies
18. JOINT STOCK COMPANY
A joint stock company is a voluntary
association of people who contribute
money to carry on business
19. CHARACTERISTICS OF A CORPORATION
• It is considered as a separate legal entity
• It comes into formation after all formalities under
the Indian Companies Act 1956 are completed
• Management and ownership is completely
separate
• Capital is raised through shares which are
transferable
20. ADVANTAGES OF A CORPORATION
• Limited liability of the
shareholders/promoter
• Can easily raise capital
• Have unlimited life
• Ease of transfer of ownership
21. DISADVANTAGES OF A CORPORATION
• Formation is not easy
• Excessive Government Regulation
• Subject to Corporate Tax and Dividend
Tax (Double Taxation)
• Delay in Policy
Decisions
• Control by a Group
22. TWO TYPES OF CORPORATIONS
1. PRIVATE COMPANY
• Closely held by a few people
• Minimum 2 and maximum 50
shareholders
• Stocks cannot be traded on exchanges
and private equity cannot be raised
• Less regulations as compared to
Public Companies
23. 2. PUBLIC COMPANY
• Stocks are held by a large
number of people
• Minimum 7 shareholders
and no limit for maximum
• Can be listed on stock
exchange and can go
public
• Have to follow many laws
with regards to the board
composition and AGM.
24. CO-OPERATIVE SOCIETY
It is a voluntary
association of
people or
business to
achieve a an
economic goal
with a social
perspective
25. CHARECTERISTICS OF CO-OPERATIVE
• Voluntary association
• Minimum membership requirement is 10
and there is no maximum limit
• Registration of Co-operative is must
under the “Co-operative Societies Act” is
a must. After the registration it enjoys
certain privileges of a Joint Stock
Company
26. ADVANTAGES OF CO-OPERATIVE
• Easy Formation
• Limited Liability
• Stability
• Democratic
Management
• State Assistance
27. DISADVANTAGES OF A CO-OPERATIVE
• Possibility of
conflict
• Long decision
making process
• Not enough capital