Archive | Business Studies

The following are some of the reasons which are responsible for the growth of public enterprises in India:

The following are the fundamental difference between public enterprises and private enterprises.

The following are some of the advantages of a government company:

A public enterprise incorporated under the Indian Companies Act, 1956 is called a government company.

A public corporation is a corporate body created by the special Act of the parliament. Such Act defines the power, duties, privileges and pattern of management of these organisations.

Public enterprises suffer from a great deal of problems. These problems faced by the state enterprises are:

The fundamental objectives of the state enterprises are to serve the people and help in developing a state of industrialization in the country.

Public enterprises as a form of business organisation has attained a great deal of significance in recent times.

The societies started to help lower and middle class people and protect these sections from the clutches of profit-hungry businessman are called consumers co-operative stores.

For registration of co-operative societies, every state has an office of the registrar of co-operative societies.

The followings are some of the principles on which a co-operative organization stand:

A co-operative society is a voluntary association started with the aim of service of its members.

Memorandum of association is the fundamental charter which defines the aims and objectives of a company.

The following differences between a private company and a public company can be drawn:

A private company denotes a company of two or more persons, but not exceeding fifty excluding the employees and shareholder.

The word incorporation denotes giving recognition in the eyes of the law. A joint stock company does not enjoy the status of a legal entity until and unless it is incorporated.