After reading this article you will learn about the advantages and disadvantages of partnership form of organisation. Advantages of Partnership: The partnership form of organisation is most suitable when the size of business is medium and, thus the capital can be contributed to meet its needs by the partners themselves. The following are the advantages of partnership form of organisation: [...]
This article will help you to learn about the difference between a private company and a public company. Difference between a Private Company and a Public Company Private Company Difference - 1. Minimum number: The minimum number of persons required to form a private company is two. Difference - 2. Maximum number: The maximum number of members in a private [...]
A private company may become a public company in any of the following three modes: 1. Conversion by Default. 2. Conversion by Operation of Law or Private Company to be Deemed Public Company. 3. Conversion by Choice. 1. Conversion by Default: Where a private company makes a default in complying with the statutory requirements as laid down in Sec. 3(1)(iii) [...]