|
|
|
|
|
|
Any form of business needs legal sanction. Local and national laws of the country
and region will apply. Therefore, it is imperative that a manager understands the
various ways in which businesses can be organised. This lesson introduces some of
the common forms of business organisations, including some forms unique to India
like the Joint Hindu Undivided Family fi rm. The original forms, of many a present
day blue chip Indian company, are illustrated. Different types of organisations
like Sole Ownership, Partnership, Private Limited Company, Public Limited Company,
Joint Stock Company along with the rationale for adopting these forms are explored.
What form of business organisation is the best under a particular set of conditions?
What advantage or disadvantage does it have over other forms of business? Formalities
to be gone through and some of the quasi-legal processes required for starting a
business: Memorandum of Association, Articles of Association, appointment of Directors,
etc. are discussed by the author, Dr. B K Chandrashekar, formerly Professor
of Law at IIMB.
|
18 Mins
|
25 Mins
|
40 Pages
|
|
Equivalent classroom time: 2hrs
|
|
|
|
|
|
|
|