INDUSTRIAL OWNERSHIP

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INDUSTRIAL OWNERSHIP. :

INDUSTRIAL OWNERSHIP. SUBMITTED TO:- SUBMITTEDBY:- SIR. ASHWINI SINGH ATUL PAL

DEFINITION OF INDUSTRIAL OWNERSHIP:

DEFINITION OF INDUSTRIAL OWNERSHIP TO CLASSIFY FIRM BY THEIR LEGAL FORM IS OWNERSHIP….. FIRM IS CLASSIFIED THROUGH THEIR PRODUCT . WHICH TYPE OF INDUSTRY IS…

TYPE OF FIRM…:

TYPE OF FIRM… GENERALLY THERE ARE TWO TYPE OF FIRM INDIVIDUAL :-AS THE NAME SAYS INDIVIDUAL MEANS ONLY ONE IS INVESTING IT’S CAPITAL,TIME, ETC TO MAKE HIS FIRM BEST…. COLLECTIVE :-AS THE NAME SAYS COLLECTIVE MEANS MANY ONE INVESTS THEIR CAPITAL,TIME, ETC TO START NEW FIRM AND TO MAKE THEIR FIRM BEST…

ON THE BASIS OF OWNERSHIP A BUSINESS UNDERTAKING IS CLASSIFIED AS FOLLOWS.:

ON THE BASIS OF OWNERSHIP A BUSINESS UNDERTAKING IS CLASSIFIED AS FOLLOWS. THE INDIVIDUAL PROPRIETORSHIP THE PARTNERSHIP FIRM THE JOINT STOCK COMPANY THE CO-OPERATIVE UNDERTAKING

INDIVIDUAL PROPRIETORSHIP:

INDIVIDUAL PROPRIETORSHIP IT IS THE SIMPLEST,OLDEST AND COMMONEST FORM OF BUSINESS… OWNED BY SINGLE INDIVIDUAL OR A FAMILY.. ALSO CALLED SOLE PROPRIETORSHIP.. USE HIS OWN CAPITAL,SKILLS AND UNDERTAKES BUSINESS RISKS. EX:- RESTAURANTS,MEDICAL STORES,T.V REPAIR SHOPS,BOOK SHOPS. ETC

ADVANTAGES OF INDUSTRIAL OWNERSHIP:

ADVANTAGES OF INDUSTRIAL OWNERSHIP PERFORM QUICK DECISION…. PRESENCE OF A STRONG PERSONAL ELEMENT IN THE BUSINESS FREEDOM FROM ORGANISATIONAL TAXES AND GOVERNMENT REGULATION ACCORDING TO HIS PERFORMANCE HE WILL GET RESULTS AND IT WILL CREDIT TO ONLY HIM

DISADVANTAGES OF INDIVIDUAL PROPREITORSHIP:

DISADVANTAGES OF INDIVIDUAL PROPREITORSHIP BUSINESS LIMIT IS NOT EXPAND DUE TO ONLY ONE CAPITAL.. LACK OF STABILITY OR PERMANENCE IF FIRM IS DIMINISHED BY ANY FACTOR(FIRE,NATURAL DISASTERS,ETC) THEN IT IS VERY IMPOSSIBLE TO REGAIN IT…. IF INDIVIDUAL IS AFFECT FROM HIS FAMILY THEN IT WILL BE TH EEFFECT ON HIS FIRM….

PARTNERSHIP FIRM:

PARTNERSHIP FIRM PARTNERSHIP IS AN ASSOCIATION OF TWO OR MORE INDIVIDUALS FOR PROFIT…. THIS IS COME TO OVERCOME THE DISADVANTAGES OF SOLE OR INDIVIDUAL PROPRIETORSHIP PARTNERSHIP IS ALSO DEFINED AS:-THE RELATION BETWEEN PERSONS WHO HAVE AGREED TO SHARE THE PROFITS OF A BUSINESS CARRIED ON BY ALL OR ANYONE OF THEM ACTING FOR ALL…

FEATURES OR PRTNERSHIP ACT:

FEATURES OR PRTNERSHIP ACT THE PARTNER SHIP AGREE TO A JOINT AGREEMENT CALLED “PARTNERSHIP DEED” THE AGREEMENT MUST BE FOR MUTUAL GAIN ONLY. A PARTNER CAN’T TRANSFER HIS SHARE WITHOUT TAKING PRIOR CONSENT OF ALL OTHERS PARTNERS. EXPANSION OF FIRM IS UNLIMITED.

TYPES OF PARTNER:

TYPES OF PARTNER WORKING OR ACTIVE:- CONTRIBUTES CAPITAL AND TAKES ACTIVE PARTS ON CONDUCTING THE BUSINESS. DORMANT OR SLEEPING:- ONLY CONTRIBUTES CAPITAL PARTNER IN PROFIT:- ONLY CONTRIBUTES CAPITAL AND TAKES SHARE IN PROFIT ONLY NOMINAL PARTNER:- ONLY GIVE HIS NAME AND FAME

ADVANTGES OF PARTNERSHIP FIRM:

ADVANTGES OF PARTNERSHIP FIRM FORMATION IS QUITE SIMPLE GREATER AVAILABILITY OF CAPITAL AND MANAGERIALS SKILLS NEW PARTNER CAN BE ADD TO EXPAND CAPITAL LIMIT AND SKILLS. THE PARTNER ACTS JUDICIOUSLY IN TAKING DECISIONS AS LIABILITY IS UNLIMITED.

DISADVANTAGES OF PARTNERSHIP FIRM :

DISADVANTAGES OF PARTNERSHIP FIRM DIVISIONS OF AUTHORITY AND DISAGREEMENT AMONG PARTNERS MAY LEAD TO INSTABILITY. WITHDRAWAL OR DEATH OF PARTNERS DISSOLVES THE PARTNERSHIP IT IS POSSIBLE TO TRANSFER HIS INTEREST IN THE FIRM TO ANY OUTSIDERS WITHOUT CONSENT OF ALL PARTNERS

JOINT STOCK COMPANIES:

JOINT STOCK COMPANIES IT IS AN ARTIFICIAL PERSON CREATED BY LAW WITH A PERPETUAL OR PERMANENT SUCCESSION AND A COMMON SEAL. IT IS AN ASSOCIATION OF SEVERAL PERSONS WHO CONTRIBUTE MONEY OR MONEY’S WORTH TO A JOINT OR COMMON STOCK AND EMPLOYS IT IN SOME BUSINESS AND SHARE AMONG THEMSELVES THE PROFIT OR LOSS ARISING FROM I T..

FEATURES OF A JOINT STOCK COMPANY:

FEATURES OF A JOINT STOCK COMPANY IT I S AN INCORPORATED ASSOCIATION REGISTERED UNDER INDIAN COMPANIES ACT. IT IS AN ARTIFICIAL PERSON CREATED BY LAW. IT HAS SEPARATE EXISTENCE FROM IT’S MEMBERS. IT HAS LONG CONTINUED EXISTENCE AND THE COMPANY IS NOT AFFECTED BY DEATH,INSANITY OF IT’S MEMBERS.

CO-OPERATIVE COMPANY:

CO-OPERATIVE COMPANY IT IS A FORM OF BUSINESS ORGANISED FORMED BY INDIVUALS TO IMPROVE THEIR THEIR ECONOMIC CONDITIONS THROUGH COLLECTIVES EFFORTS. SUCH AN ASSOCIATION IS REGISTERED, UNDER CO-OPERATIVE SOCIETIES. THE CO-OPERATIVE ORGANISATION HAS BEEN INSTITUTED IN VARIOUS FIELDS SUCH AS PRODUCTION,DISTRIBUTION,BANKING, ETC .

FEATURES OF CO-OPERATIVE UNDERTAKINGS:

FEATURES OF CO-OPERATIVE UNDERTAKINGS INDIVIDUALS HAVING COMMON INTEREST AND WILLINGNESS TO WORK TOGETHER TO IMPROVE THEIR FINANCIAL POSITIONS

CONCLUSION:

CONCLUSION AS SEEN FROM DISCUSSION I SUPPOSE THAT PARTNERSHIP FIRM IS BEST INSTEAD Of SOLE PROPRIETORSHIP..COZ IN PARTNERSHIP FIRM ONE CAN REGROWTH AFTER ABOLISHED ONE TIME….. DUE TO UNLIMITED EXPANSION….. PARTNERSHIP FIRM IS SAFE AND ALSO GIVE PROFIT TO INDIVIDUAL ONE…..