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Ch 6: Company Form of Bus. Organisation (6.2: Characteristics…
Ch 6: Company Form of Bus. Organisation
6.1: JSC
Share Holders, Share Capital & Going Concern
1956: Company Act
Legal Entity
6.2: Characteristics
(a)Artificial Person
(b)Formation
(c)Separate Legal Entity
(d)Common Seal
(e)Perpetual Existence
(f)Limited Liability of Members
(g)Transferability of Shares
(h)Membership
(i)Democratic Management
6.3: Company Types
Based on Share Holding pattern
Public
Private (Limited)
Other classification
(a)Government Company
(b)Statutory Company
(c)Chartered Company
(d)Foreign Company
(e)Indian/Domestic Company
(f)Multinational Corporation (Company)
(g)Holding and Subsidiary Company
6.4: Distinction between Private and Public Company
6.5: Merits of JSC
(a)Large Resources
(b)Limited Liability
(c)Continuity of Existence
(d)Benefits of Large-scale Operation
(e)Liquidity
(f)Professional Management
(g)Research and Development
(h)Tax Benefits
6.6: Limitations
(a)Difficult to Form
(b)Control by a Group
(c)Excessive Government Control
(d)Delay in Decision Making
(e)Lack of Secrecy
(f)Social abuses
6.8: Choosing the right form of Organisation
6.9: Differences between various forms of Organisation
6.10: MNC
Indian MNC (e.g Reliance)
Foreign MNC (e.g Toyota)
6.10.1 Meaning & Features of MNC
6.10.2: Advantages of MNC
6.10.3: Limitations of MNC
6.10.4: Joint Ventures
6.10.5: Public Private Partnership