The document discusses different forms of business organization including sole proprietorship, partnership, joint hindu undivided family business, and company. Sole proprietorship is owned and controlled by an individual who bears all risks and profits. Partnership involves association of two or more individuals who pool resources for business. Joint hindu undivided family business is carried out by male members of a hindu family. Company is a legal entity separate from its owners where business is carried out through sharing of risks and profits by shareholders.

1. FORMS OF BUSINESS
ORGANISATION

2. Sole proprietorship refers to a form of
business organisation which is owned,
managed and controlled by an individual
who is recipient of all profits and bearer
of all risk .

3. Formation and closure
Liability
Sole Risk Bearer And Profit Recipient
Control
No Separate Legal Entity
Lack of Business Continuity
Small Size

5. Merits
Ease in formation and closure
Sense of accomplishment
Direct incentive
Flexibility
Secrecy
Sole beneficiary of Profits
Quick Decision Making

6. Limited Resources
Limited Life of Business
Unlimited Liability
Limited Managerial Skill
Limited Scope for
Expansion

7. EXAMLES
CATERING
COMPANY
LAND SCAPER
FREELANCE
WRITER
HOME HEALTH
CARE
VIRTUAL
ASSISTANT

10. Defination of HinDu unDiviDeD
family
The business carried out by the
male members of a Hindu
undivided family is known as
Joint Hindu Family Business.

11. Conditions of Joint Hindu Family
There are two conditions for existence of joint Hindu
family business. These are:
1. Minimum two male members must be there in the family.
2. Existence of some ancestral property.
The business is controlled by the head of the family
who is the eldest member and is called Karta . All
members have equal ownership right over the property of
an ancestor and they are known as Co-parceners.

12. Systems of Hindu Undivided Family
Under Hindu law there are two systems of
inheritance. These are:
1. Dayabhaga : This system prevails only in
West Bengal. Under this system the male as well
as female members of Joint Hindu Family can
become copartners as well as co- parceners.
2. Mitakashara : This system prevails all over
India except West Bengal. Under this system

13. Features
 Formation
 Liability
 Control
 Continuity
 Management
 Minor Members
 Membership By Birth
 Registration
 Rights

14. 
Merits
Ease in Form and Dissolve
 Secrecy
 Limited Liability of Members
 Protection of Minors
 Continuity
 Economic Security and Status to Members
 Family Pride
 Effective Control

15. 
Demerits
Limited Capital
 Unlimited Liability of Karta
 Limited Managerial Skill
 Karta Too Powerful
 Dominance of Karta
 No Match in Work and Reward

16. CASE STUDY ON ADITYA
BIRLA GROUP
 ABOUT BIRLAS
 ADITYA BIRLA GROUP STARTED AT 1857.
 SHIV NARAYAN BIRLA STARTED COTTON
TRADING OPERATION IN THE SMALL
 OF PILANI IN RAJASTHAN.
 GHYANSHYAMDAS BIRLA (GD BIRLA)-1919-
he set the manufacturing company.
 GRANDSON OF GD BIRLA IS ADITYA
VIKRAM(AV BIRLA)-1964-
 SON OF AV BIRLA IS KUMAR MANGALAM(KM

17. BIRL A COMPANIES

18. Partnership is an association of
two or more persons who agree
to jointly pursue a business
activity. They pool their
managerial and financial
resources for the purpose.

19. Features of
Partnership
1.Formation
2.Liability
3.Risk Bearing
4.Decision Making and Control
5.Continuity
6.Membership
7.Mutual Agency

20. 1. Ease of formation and closure
2. Balanced decision making
3. More funds
4. Sharing of risks
5. Secrecy
6. Division of work
7. Flexibility

21. 1.Unlimited Liability
2.Non-Transferability of Share
3.Conflicts
4.Uncertainity
5.Risk of Mutual Agency
6.Lack of Public Confidence

22. Partnership Companies in
India
1.TATA Motors Ltd., Jamshedpur
2.Reserve Bank of India, Kolkata
3.Indian Oil Corporation Ltd., Patna

23. Case Study of TATA
Motors
The Tata Motors group is based in India. The motor group was
established in 1945 as part of the larger Tata Group. They have
long been known for their commercial vehicles and in the past ten
years entered into the passenger car market. Currently, Tata
Motors has a line of five passenger vehicles and a large line of
commercial vehicles producing pickups, trucks, tractor trailers,
tippers, and buses. Both product lines of the Tata Motors group
have seen success, but much of this has been built up on the more
deeply established commercial vehicle product line.

24. A company is an
association of persons
formed for carrying out
business activities and
has a legal status
independent of its
members. The company
form of organisation is
governed by
THE COMPANIES

25.  Artificial person
 Separate legal
entity
 Formation
 Registration
 Common Seal
 Perpetual
Succession
 Risk Bearing

26.  Limited Liability
 Interest
 Existence
 Management
 Expansion
 Social Responsibilities
 Public Confidence

27.  Formation
 Secrecy
 Environment
 Regulations
 Decision making
 Management
 Interest

29. CASE STUDY OF COCA
COLA

31. Thank You
Efforts By :
Ankita Lohia
Simran Duseja
Taniya Mahajan
Twinkle Sharma