Guitar hub by Aakash Tiwari
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The document outlines a business plan for a guitar partnership firm called Guitar Hub. It discusses starting a partnership firm according to the Indian Partnership Act of 1932. The partnership deed would include the names and addresses of the three partners - Isshan Nigam, Aakash Tiwari, and Kartik Rajput - who would equally share profits and losses. The capital contribution and interest rates are also outlined. The business plan also provides details on the types of guitars sold, prices, delivery options, and services provided by Guitar Hub.
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Merger means combining two or more entities into one, resulting in the merger of all assets and liabilities. Mergers allow for economies of scale, acquisition of new technologies, and market/sector access. Under competition law, mergers that substantially lessen competition by reducing the number of competitors or increasing prices are considered detrimental. The Competition Act defines a "combination" to include mergers and acquisitions, and any combination above a certain asset/turnover threshold must be notified to the Competition Commission of India.
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Guitar hub by Aakash Tiwari
- 1. JAGRAN LAKECITY UNIVERSITY Topic : Business Plans To:- Mrs. Gunjan Shukla By:- Isshan Nigam Aakash Tiwari Kartik Rajput
- 2. Introduction to GUITAR INDUSTRY Guitar is music and music is all about personality. It usually defies who a person is. It is an art of sound in time that expresses ideas and emotions in significant forms through the elements of rhythm, melody and harmony.
- 3. A PARTNERSHIP FIRM “Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all” - Section 4 of the Indian Partnership Act 1932
- 4. What is Partnership deed ? The document, containing the terms and conditions of the agreement between partners is know as the Partnership Deed.
- 5. THE PARTNERSHIP DEED INCLUDES: • Name and address of the firm. • Names and addresses of partnership. • Date of commencement of partnership. • Capital to be contributed by each partner. • Whether interest is to be allowed on capitals. • Whether any partner is to be allowed salary. • The profit sharing ratio. • The duties of each partner. • Method of valuation of goodwill in case of admission, retirement or death of a partner. • Mode of settlement of accounts in case of retirement/death of a partner.
- 6. PARTNERSHIP CLAUSES/DEED • Name of the firm: GUITAR HUB. • Address of the firm: 5/8-Zone-2, M.P. Nagar, BHOPAL (M.P.) • Name of the partners: Isshan Nigam, AakashTiwari, Kartik Rajput. • Commencement business on 21/08/2008 • Sharing of Profits/losses in the ratio of 1:1:1. • Capital contributed by each partner is 1.5 crore. • Interest on capital will be charged at 6%. •The partnership firm is registered under Indian Partnership Act 1932. • Banking transactions of our company are handled by UBI Bank. • In case of dissolution of partnership due to insolvency assets of the firm are revalued and liabilities are reassessed.The profit or loss due to it, is distributed among all partners in their old profit sharing ratio. • In case of dissolution of firm assets of the firm are realised and liabilities are settled.The balance amount, if any is distributed among all the partners.
- 7. SPECIALTY OF GUITAR HUB Free home delivery. World class products. Flexible Shipment Options. Outstanding Care. Online helping services.
- 8. GUITAR PRICE Acoustic Guitar : 10,000 to 30,000 Semi electric Guitar: 40,000 to 80,000 Electric guitar: 90,000 to 2,00,000 Brass Guitar: 80,000 to 1,50,000
- 9. Our Sales&Service Acoustic Guitar Brass Guitar Electric Guitar Semi electric Guitar Tuner & Pick Strings Training by Professionals
- 11. Thank you For Your Attention