#Meaning and Definition of economic policy
#Characteristics of economic policy
#Objectives of economic policy
#Instruments of Economics Policy
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Enforcement is needed for the following reasons:- 1. It is the basic and first important step in the formation of a company. 2. Enforcement is the process of formation of a particular business undertaking. 3. Enforcement is the sum total of all the activities of company formation, capital, property search, investigation, planning to use resources, estimating profitability, taking legal action and initial contract etc. 4. Enforcement begins with the origin of the idea of starting a business and ends with the bringing of the business or industry to a position of commencement. 5. Such thought may originate in the mind…
Share capital can be divided into the following classes:- ( I ) Registered or authorized capital :- According to the company legislation, the councilors of each share capital company have memorandum Under the capital clause, it is necessary to specify the maximum limit of capital of the company. This is the capital by which the company is amalgamated. This is called the authorized capital of the company. Due to the registration of the company with this capital, it is also called the registered capital of the company. This is the maximum limit of capital that can be issued by the…
If a company makes allotment of shares against the rules of section 69 and 70, then any allotment is called irregular allotment i.e. allotment:- (1) the minimum subscription amount has not been received, (2) the amount of 5% has not been received in cash on the application, or (3) the amount received has not been deposited in a scheduled bank, or ( 4) In case of non-issuance of prospectus, the officiating prospectus has not been sent before the Registrar. Allotment made in the above condition or conditions will be treated as irregular allotment. (Effects of irregular allotment ). 1. Contract…
(1) Knowledge of Acts: Although the company is established under the Indian Companies Act 1956, but other laws are also applicable to it, so the promoter has to comply with all the Acts and Regulations like Business Rules, Income and Sales Tax Act. etc., otherwise he will have to face many kinds of difficulties. (2) Wealthy: Being resourceful is an essential quality of the promoter because many necessary expenses have to be incurred from the time the idea of establishment of the company comes to the existence of the company. Apart from this, if financial support is not available from…
Enforcement is needed for the following reasons: 1. It is the basic and first important step in the formation of a company. 2. Enforcement is the process of formation of a particular business undertaking. 3. Enforcement is the sum total of all the activities of company formation, capital, property search, investigation, planning to use resources, estimating profitability, taking legal action and initial contract etc. 4. Enforcement begins with the origin of the idea of starting a business and ends with the bringing of the business or industry to a position of commencement. 5. Such thought may originate in the mind…
Meaning and definitions of reputation, Reputation is an invisible asset that cannot be seen, only felt. It is easy to describe. But its definition is difficult to give in certain words, yet some scholars have tried to define it, which is as follows: According to Spicer and Pegler, fame is that which arises from the prestige, relationship and other benefits received by the business. Due to which the business earns more profit than the normal expected return on capital employed in its net tangible assets. Moriro has defined goodwill and said that goodwill is the present value of an organization’s…
According to Section 66 of the Companies Act, there can be only two types of capital issued after this Act and a company with limited liability by shares created after this Act can issue only two types of shares. (A) Equity share:- According to section 85 (2) of the company’s law, equity or ordinary shares are called those shares which do not get preference like preference shares. Characteristics of Equity Shares Equity shares have the following characteristics: 1. Dividends on equity shares are paid after paying dividends at a predetermined rate to the preference shareholders. In other words, equity shares…
If a company makes allotment of shares against the rules of section 69 and 70, then any allotment is called irregular allotment i.e. allotment:- (1) the minimum subscription amount has not been received, or (2) the amount of 5% has not been received in cash on the application, or (3) the amount received has not been deposited in a scheduled bank, or (4) ) In case of non-issuance of prospectus, the officiating prospectus has not been sent before the Registrar. Allotment made in the above condition or conditions will be treated as irregular allotment. Effects of irregular allotment, 1. Contract…