Archive | Company Accounts

What are the 2 main types of Insurance ?

Insurance is a form of contract or agreement under which one party agrees in return of a consideration to pay an agreed amount of money to another party to make good for a loss, damage, injury to…

What is operating contract ?

The operating contract happens to be a new device of admini­stering public enterprises. According to this method the government enters into a contract with an established and reputed private company for…

What are right shares ?

Rights shares are issued u/s 81 of the Companies Act, 1956 when the company decides to increase its subscribed capital. The scheme has the following characteristics…

What is a venture capital ?

Venture capital represents financial investment in a highly risky proposition made in the hope of earning a high rate of return. It is generally considered as a synonym of high risk capital…

What are the duties of a partner in partnership firm ?

These sec-9-13 are attempts to formulate in simple language, the partners’ duties inter se. Two fundamentals duties are laid down first. These are Partners are bound to carry only the business of the firm to the…

A short note on company shares

A share in a company is one of the units into which the total capital of the company is divided. For example: If the capital of the company is Rs 10,000 and it is divided into, 1,000 units of Rs 10 each…

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