Private Limited Companies

Features v   Must use the word “Limited” or “Ltd” after its name v   Can not invite the general public to buy its shares and debentures v   Must have a minimum of two shareholders v   Can…

Company Shares and Debentures

Shares v   Share is a subdivision of the capital of the company v   Each share has a distinct number v   Each share is given a face value which is paid by the shareholder v   There are two…

Partnership Firms

Definition According to the Partnership Act 1890, “Partnership is a voluntary association of people (from two to twenty) which is formed to carry on business with the view to make profit”. Partne…

Public Limited Companies

Features of Public Limited Companies v   Must use the word “Public Limited Company” or “PLC” after its name v   Can invite the general public to buy its shares and debentures v   Can transfe…

Difference Between Private Sector and Public Sector

Private Sector:  It can be described as all the business organizations owned and run by private individuals. They are aimed at maximizing profit. Private Sector comprise of Sole Traders, Part…

MCQ: June 2012, 2281/11, Question 20

Private Sector

Definition Private Sector refers to that part of the economy concerned with the transactions of private individuals, businesses and institutions. The Private Sector and the Public Sector make up …

Sole Trader

Definition A sole trader or a sole proprietor is one in which an individual introduces his own capital and uses his own skills and knowledge in the management of its affairs. He is solely responsib…

Partnership Firms

Definition According to the Partnership Act 1890, “Partnership is a voluntary association of people (from two to twenty) which is formed to carry on business with the view to make profit”. Partne…

Private Limited Companies

Features v   Must use the word “Limited” or “Ltd” after its name v   Can not invite the general public to buy its shares and debentures v   Must have a minimum of two shareholders v   Can h…

Public Limited Companies

Features v   Must use the word “Public Limited Company” or “PLC” after its name v   Can invite the general public to buy its shares and debentures v   Can transfer its shares freely v   Mus…

Company Shares and Debentures

Shares v   Share is a subdivision of the capital of the company v   Each share has a distinct number v   Each share is given a face value which is paid by the shareholder v   There are two ma…