Sunday, November 25, 2012

7185travelinsurance abroad


Sunday, November 11, 2012

bare acts

business mgt. 2

--What is a pre-incorporation contract?
What is known as preliminary.
If the AGM of a meeting held on a particular date,on that date all the shareholders present in the meeting died on the spot.
Can the company remain in existence?
What is the maximum limit of members in a private limited company?  50
AGM can it be held on a public holiday?
How many members must sign the Memorandum of Association of a public ltd. company?
seven (7)
What does Limited liability  mean?
The owners of a business are not liable for the debts
Who are called the Promoters?
People who conceive the idea of business.
Is it true that the company works under a common seal and has a perpetual succession?
If the company does not follow the principle of separate legal entity  what can be done?
 the corporate veil can be lifted.
What must be the total managerial remuneration in a public ltd. co?
11 percent.
What  is first step for formation of a company?
This kind of company enjoys the number of privileges?
Which one?  The private Ltd. company.
Can any corporate body or association be appointed as  director of a company?
NO No No.
Can an increase take place  beyond the maximum number of 
directors permitted  in the articles of assn. of the company?
yes. by the Central Govt.
How many months gap is allowed between two Annual general meetings?
15 months.
Which section describes the disqualification of a director?
Section 274
Where can you find the first directors of the company?
In the articles of the company.
Who is an alternate director?
a director appointed  in the place of the original  director in case of his absence.
Who can fill up the casual vacancy?
the board. of board of directors.
How can the director be removed?
by the shareholders/ by the central govt./  by company law board/
From which language the word company has been derived?
Latin./ com means with or together Panis means bread.
 persons jointly taking meals together.
which section defines a Govt. company? section 617
What does it state?any company 's shares 51 percent  of the paid up capital is held  by  Central/ State / govt or governments is called a Govt. company.
There  is no legal formality to start a company? Wrong and False . and not true.
Can a company die with  the death of a shareholder?
No, not at all.
Do the shareholders of a company have a limited liability?yes.
Can a company own property on its own  name?
How  is  the company managed?
by the elected representatives  of the shareholders.(directors)
Which are the three basic types of companies which may be regd. under companies act 1956?
Private companies/public companies/ producer companies
What is a producer company?

What are the three distinct stages in the company formation?
Promotion/ incorporation by registration/ commencement of the business.
What is vetting?
it is a process of examining carefully the contents of all related documents from the legal point of view.

Govt.owned companies

This category has the following 4 subcategories, out of 4 total.

Pages in category "Government-owned companies of India"

The following 127 pages are in this category, out of 127 total. This list may not reflect recent changes (learn more).




C cont.










M cont.








Saturday, November 10, 2012

Business Laws

  1. Know more about Law.
  2. company law.( The companies act 1956.)
  3. Laws relating Partnership(Indian Partnership act 1932)
  4. Relating to contract.(Indian Contract act 1872)
  5. relating to sale of goods.
  6.  Relating to Negotiable instruments .(Sale of Goods act 1930)
  8. Learn more about  company.
  9. What is a company?
  10. it is a legal entity in the eyes of law.
  11. It is an artificial person.
  12. It cannot act  on its own.
  13. It can do so only through human intervention.
  14. It can act  through the directors.
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  16. Who are directors?
  17. Directors are the persons who run the management of the affairs of the company.
  18. They are appointed according  to the law.
  19. They are authorized to direct, control,conduct or superintend the affairs of the company.
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  21. Who are called the board of directors?
  22. The persons who are in charge of the management of the affairs of the company.
  23. They are collectively called the board of  directors.
  24. Or the board.
  25. They  occupy a special position in the structure of the company.
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  27. Who is a director?
  28. he is the one who directs.
  29. Section 2(13)  of the companies Act.1956.
  30. "     Any person occupying the position of a director by whatever name called".
  31. Who can be a director?
  32. Any person and no qualifications required.
  33. He  should hold  a specific number of shares.
  34. The Articles of the Association of the company may fix as the requisite for the appointment of a director.
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  36. Who cannot be a director? (reference.Sec.274)
  37. if he has been found by the court to be of unsound mind
  38. He is an undischarged insolvent
  39.  he has applied to be adjudicated as an insolvent  and his application is pending.
  40. He has been convicted  by a court of any offence involving
  41. moral turpitude and sentenced  in respect thereof to imprisonment for not less than 6 months  and a period of 5 years  has not elapsed  from the date of expiry of the sentence.
  42. he has failed to pay any call on his shares in the company
  43. from the date fixed  for the payment.
  44. Disqualified under sec.203 reg. fraudulent persons managing companies.
  45. Director of a public company  not filed annual accounts and returns  for any continuous period of  three financial years from April 1999.
  46. Any company failed to repay the deposit or interest thereon on due date.
  47. or redeem the debentures  on due date.or pay dividends
  48. continuing for one year or more.
  49. A private company which is NOT A SUBSIDIARY  OF A PUBLIC COMPANY  may by its articles  provide additional qualifications to be appointed as a director.
  50. Section 253.
  51.  No body corporate, association  or firm can be appointed as director  of any company.
  52. Only an individual can be appointed.(only natural persons)
  53. Sec 266B
  54.  Director appointed or to be reappointed  must have identification number under sec.266B

Wednesday, November 7, 2012

Management 2

What is planning?
it is forecasting  and deciding in advance a course of action to be followed or activities to be pursued in future.
Whose function is this? every manager's.
What are Planning Premises? predictions and assumptions about the future.
Define: Forecasting:  it is an analysis and interpretation of the future conditions in relation to operations  of the enterprise.
What does decision making signify?
 actual selection of a course of action from among  a number of alternatives.
Where does decision making by groups take place?
in board meetings, committees, staff -meetings, conferences etc.
what should the appointing authority lay down?
Explicit terms regarding  the scope and exact functions expected of the decision making groups.


  • Define mgt. It is a process by which responsible people in an organization  get things done through the efforts of other people in group activities.
    Describe Mgt.  Mgt. is a science and an art. The theory is Science and practical application to gain the desired result is an Art.
    What is co-ordination? It is the essence of mgt.
    The whole idea of coordination  is to ADJUST, RECONCILE, AND SYNCHRONIZE individual efforts  more effectively
    And to help achieve some common objectives.
    Fredrick Taylor: The founder of modern Scientific Mgt.
    Henry Fayol: Father of modern mgt. theory.
    What are the three levels of management?
    Top, Middle, lower  levels of mgt.
    What are the 3 social groups which Drucker assigns?
    a) Managing a business b) managing managers c) managing workers and work.
    What is administration? it is  top level function of mgt.
    What is the level of mgt.? it is a lower level function.
    Classify Managerial skills? Technical, human and conceptual  according to KATZ.
    Who is a professional manager?  He is an expert,trained and experienced enough to adeptly manage any type of organization.It may be  a mfg. house, a service orgn. a hospital, or a govt. agency.
    Which vital role is played by the executive and managers play? they determine the future of the organisation.
    What is increasing? the demand for competent managerial personnel  having intellectual  potentialities  and distinct managerial traits.
    What are required  for the fulfillment of the desired mission of an organization? Effectiveness and efficiency.
    Which is the most significant factor in managerial effectiveness and why?
    Intellectual skill. because  of the changing environment
     of the orgn.
    Mgt. Management/  orgn. organization
    useful for those who are studying for 
    Secretarial and management courses and for general information for all knowledge seekers.