private company under Section 3 (I) (iii) is prohibited from inviting the public to subscribe for its shares or debentures; and also prohibited to invite or accept deposits from persons other than its members‚ directors or their relatives. Accordingly‚ a private company has no power to issue prospectus. Only a public company has power and privilege to issue prospectus to public for subscription of shares in or debentures of the company or for inviting public deposits. If a public company not able
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Nowadays lots of people are setting up their own businesses by creating small web-based companies working from home. 1- Partnerships are typically found in professional services such as accountants‚ solicitors‚ doctors‚ dentists etc‚ where the partners can share expertise and skills. They can also share the workload‚ organising work rotas to allow for time off and holidays. Partners also pool their capital. 2- Companies are owned by shareholders that each contributes a stock of money into a central pool
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president’s children. One son wants to run the company‚ and of course he wants to have control of a company. However the others want to have a cash. Second problem is the company is a private company‚ and that means they can’t see their stocks easily‚ because private companies don’t have liquidity. The foremost solution is borrowing money by stocks from a bank until the leverage don’t threat the control power. However the son who wants to operate the company doesn’t want to that solution‚ because that
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to give examples based on my own personal experience. Identify the purposes of different types of organisation Business organisations can be divided mainly into two sectors. The private sector‚ which is formed by sole traders‚ partnerships‚ companies and franchises. The sole trader is the most popular form of business ownership. This kind of business is managed by only one individual who puts all of his savings and his time into making it a success. He is his own boss but it also has a negative
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Importance of Fire Prevention Bureau James Gabbard English 1020 Dr. David Auchter March 26‚ 2012 Importance of Fire Prevention Bureau James Gabbard Professor Auchler English Composition II 1020 Over the years‚ there have been thousands of lives lost due to fires. Fire Departments determined that something needed to happen to bring the number of fire related deaths down. They came up with a way to do so by creating a division within the fire department itself‚ fire departments called
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Should the top executives of the major banks that received bail-out money be allowed to receive large bonuses? My first response to this question is “Maybe?” I personally believe that I can make a convincing argument for why bank executives should have got large bonus’s and just as equally a convincing argument as why they should not have. I must start by saying the government should not have been allowed to give out exurbanite sums of tax payer dollars to these banks to begin with. Whether
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linked to customer satisfaction. As seen by the SAS Institute‚ the leasing strategy helps keep the company sharp by ensuring that technological advances are driven solely by customer needs. 2. Capabilities and Core Competencies to execute its Business Model SAS possesses many capabilities and competencies to help execute its business model effectively. These include flexibility from being a private company‚ an effective tacit leadership‚ unique corporate culture‚ strong brand‚ dedicated human capital
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Yoffie - Strategy: Taking Dell Private Materials: Michael Dell and the private equity firm Silver Lake today walked away with their prize‚ the computing company Dell‚ having won the approval from a significant majority of shareholders to take the company private in a $25 billion leveraged buyout. Success for Dell as a private company — which it will be within a few months — is by no means assured. Simply put‚ the plan calls for Dell to double down on investments in research and development
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for the public sector. Will the aims and objectives of these two companies be completely different like we would expect? Or will there be surprising similarities between two businesses with such different customer bases? Findings: Generalisations can be made when describing the public and private sectors. Companies within the public sector are usually government funded or dependant on fundraising or donations‚ and private companies are funded by the owner(s) or shareholders / stakeholders.
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Advertising is a form of non-personal selling. 5. T (T/F) Personal selling is often used for products that are technically complex. 6. T (T/F) Data alone are of limited value to a company. 7. F (T/F) Application software controls the basic workings of a computer system. 8. T (T/F) Since publicly traded companies are required to report their financial information‚ anyone can find out how much Target made during the past three months. 9. T (T/F) Depreciation is reported as an expense
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