Basics 1 min read
Partnership
A partnership is considered to be a formal relationship between a minimum of two and a maximum of twenty members…
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Basics 1 min read
POSITIONAL NUMBER SYSTEM
In a positional number system, there are only a few symbols called digits. These symbols represent different values, depending on…
Basics 1 min read
Close Corporation
A close corporation can be considered analogous to a ‘younger brother’ of the company. It is way simpler and quicker…
Basics 1 min read
COMPONENTS OF A COMPUTER SYSTEM
The basic parts of computer system are: · Input Unit · The Central Processing Unit · Output Unit The Input Unit: Input devices…
Basics 2 min read
Conversion from a Private Company to a Close Company
Various difficulties may arise for a buyer when he tries to obtain a mortgage bond for paying the purchase price.…
Basics 1 min read
Similarities and Difference between Human and Computer
Computer is a very effective and efficient machine which performs several activities in few minutes, which otherwise would have taken…
Basics 3 min read
CLASSIFICATION OF COMPUTERS
Computers are broadly classified into two categories depending upon the logic used in their design as: Analog computers: In analog…
Basics 1 min read
Duties of Separate Legal Existence
A company, after being incorporated, is considered as a separate person in the eyes of the law and the court…
Basics 1 min read
Business Law – The Corporate Veil
It is seen that a company, as a person, has a legal identity of its own. An obvious consequence is…
Basics 3 min read
Principle of Separate Legal Existence
The Principle of Separate Legal Existence is a fundamental principle in the field of company law. According to this principle,…
Basics 4 min read
Classification of Companies
All the companies must be registered under the Companies Act. A certificate of incorporation must be issued by the registrar…
Basics 6 min read
Meaning and Nature of Company
According to the Companies Act, 1956, “A company is a person, artificial, invisible, intangible, and existing only in the contemplation…
