Five Functions of Business Organization A business has to perform a number of functions in order to achieve its objectives. One of the major functions of business produces goods from raw materials. Similarly transporting goods from place of production to the market is also another function of the business. The major […]
Advantages & Disadvantages of Joint Stock Company
Advantages & Disadvantages of Joint Stock Company The joint stock company offers so many advantages that it is generally popular all over the world. The advantages and disadvantages of joint stock company are discussed below: Advantages of Joint Stock Company Limited Liability: A very first advantage of the joint stock company is […]
What are the Types of Joint Stock Company
What are the Types of Joint Stock Companies: The following types of Joint Stock Companies are discussed below. Chartered Company: It is a kind of Joint stock company created by the grant of a Royal Charter is called a Chartered Company. The Bank Of England, The East India Company, Chartered Bank etc. are the examples […]
What is a Joint Stock Company its Characteristic & Features
Significance of Joint Stock Company The joint stock company is the third major legal for of business ownership. It has entirely a different organizational structure from the sole proprietorship or partnership. It is setup due to two main reasons. Firstly, the sole proprietorship partnership forms of organizations cannot meet the increased capital demand of industry […]
What is Memorandum of Association and Article of Association
What is Memorandum of Association and Article of Association Introduction Companies ordinance has provided specific procedure and rules for registration of company. For registration of public company and private, some documents are filed with registrar before incorporation of company and some documents are filed after incorporation of company. memorandum of association and Articles of association […]