Section-25 Company is a Non – Profit organization, registered under the Companies Act 1956. It can be formed as a Public or Private Company having a limited liability, with or without share capital. It needs a minimum of three trustees; there is no upper limit to the number of members. The Board of directors is [...]
There are many departments in an organization like Sales, Marketing, Operations, HR, Administration, Finance etc. Can some one tell which one ranks first among these departments? Well, if you ask Sales Department, it will say “Sales is the back-bone of any organization and without which, nothing can happen even if the product / service is [...]
Many proposed start-ups find it difficult to decide whether to incorporate a company or a partnership concern. Understanding the differences between the two would solve this problem. The major difference between companies and partnerships may be considered under the following headings: Formation: – A company is incorporated by registration under the Companies Act, 1956. – [...]