Page 3 - Notes
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g. continuity
                 3.  Joint hindu Family Business – Meaning and its fiver features.
                    a.creation
                    b.liability
                    c.rights of accounts
                    d.minor as amember
                    e. membership
                 4.Legal formalities involved in sole proprietorship – business name, open a current account,PAN card
                  and tax registration

                 5.Suitability of partnership form of business – small and medium scale industries,
                 SUB-TOPIC: -  Joint-stock company and Co-operative society
                 NOTES:
                 1.Joint stock company: Definition, its seven features, four merits and four demerits
                 2.Features:-
                     voluntary association
                     artificial person
                     separate legal entity
                     common seal
                     limited liability
                      transferability of shares
                     diffusion of ownership and management
                 3.Forms of company : Private company and Public Company, and their differences with Basis.
                 4.Legal formalities to start a JSCo.
                 5. steps in incorporation
                 6.Excise and Custom Duty
                 7. District Industrial center (DIC)
                 8.Fringe benefit tax
                 9.Apply for TAN &PAN
                 10. Permission required at the construction stage
                 11.Employee Provident fund ( ( EPF)
                 12.Employee state insurance Scheme  (ESIC)
                 13. Co-operative society and its seven features
                 Registration under Co-op soc. Act,1912
                 Voluntary association
                 Minimum and maximum number of members
                 Service motive
                 Capital &ROI
                 Limited liability
                 Govt. control
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