The Optimum Unit is where the production is maximum at minimum cost. Meaning of The Optimum Business Unit The Optimum Size of a business unit refers to such a unit that has all the factors of production in an ideal proportion such that, the factors of production are united in such a manner that maximum […]
Optimum Size of a Business Unit Read More »
A Joint Stock Company is said to be an Artificial Person create by law, having a separate entity with a perpetual succession and a Common Seat. Brief History It is assumed that the company came into existence in the 12th century in Italy and in the 16th century in England. In India first of all
Joint Stock Company as an Artificial Person Read More »
Prior to the year 1932, there was no arrangement for the registration of firms in India. But after the enforcement of the Partnership Act, 1932, provisions for registration of firms were made. But for partnership firms, registration was made voluntary and not compulsory, or registration of the firm is dependent on the will of the
Registration of Firms Read More »
A partnership is a voluntary organization of two or more persons who agree to earn profits from a lawful business and share it among themselves. The persons who participate in this business are individually called ‘Partners’ and cumulatively called a ‘Firm’. The name in which the business is carried on is called ‘the name of
Rights of Partner in a Partnership Firm Read More »
