When more than one family members get involved in running a business, management of the family owned business poses more challenges than those arising only from running the business. This is because of the unavoidable friction and conflicts between the family members on the matters related to business. The reason for these conflicts is due to the overlap of the [...]
The difference between public and private companies can be studied under the following headings: Difference - 1. Formation: In case of public company, formation is difficult. Certificate of incorporation and also the certificate to commence business will have to be obtained from the Registrar of companies. Further, consent of the directors and the copy of their contract to purchase qualification [...]
Forms of Public Enterprises with their Merits and Demerits! Public enterprise stands for a concern owned and managed by the State or any other public authority. It also broadly refers to nationalized industries and institutions, which are engaged in production or supply of services. In recent years, the Central and State Governments in India have established many public enterprises conforming [...]