EDUCATIONAL WORLD

  Amalgamation Meaning When two or more companies go into liquidation and a new company is formed to take over the business of the liquidating companies,it is called amalgamation. Definition According to Halsbury's Laws of England, " Amalgamation is a blending of two or more existing into the undertaking,the shareholders of each blending company becoming substantially the shareholders in the company which is to carry on the blended undertakings.there may be amalgamation either by transfer of two or more undertakings to a new company or by the transfer of one or more undertakings to an existing company Objectives   Elimination of competition Price maintenance by regulating output Securing larger share of the market Equitable distribution of what is produced Building-up goodwill Avoiding duplication and reducing costs Introducing schemes of rationalisation Promoting research and development

  Commercial bill market Meaning Commercial bill market is the market which deals with trade bills and commercial bills. A commercial bill is one which arises out of genuine trade(credit) transaction.bill of exchange is a self liquidating negotiable instrument drawn for the period of 3 months to 6 months. Definition Section 5 of the negotiable instrument act ,1881 defines bill of exchange as " an instrument in writing containing an unconditional order signed by the maker,directing a certain person or to the bearer of the instrument".

Corporate Social Responsibility (CSR) Corporate social responsibility of business refers to what the business does for the benefit of the society. Meaning Corporate social responsibility refers to the responsibility of decision makers to take appropriate action and measures to maximize profits as well as to protect and enhance the overall well-being of society in their own interest.   CSR refers to the business obligation and duty of the community Definition According to H.S Singania, corporate social responsibility is " the manner in which a business carries out its own business activity and the welfare activity that it takes upon itself as additional function".

 Joint stock company A  company is an incorporated association of persons having separate legal existence,perpetual succession having common seals official signature. share holders are the owner of the company .but management is vested with Board of directors elected by the shareholders the capital of the company is referred as ' share capital'   which is divided into small units is known as '' share ".  definition According to Prof. haney A joint stock company " is a voluntary association of  in dividuals for profits,having a capital divided into  transferable shares,the ownership of which is the condition of membership" Features formation  : no company can came into existence without registration under companies act 2013. registration involves the preparation of several documents and compliance with several legal formalities separate legal entity : after the registration company gets a separate legal existence a part of its members  artificial p...

  Meaning and Definition Branches are offspring organisations  set up in  different places by a parental organisation known as' Head office '. the main aim of branches are increase sales and sales territory of the business .the head office establishes and controls the activities of different braches trough its centralised system.branches are broadly classified into inland and foreign branches.       The indian Companies act ,1956 defines branch as "any establishment carrying on either the same or substantially the same activity as that carried on by the head office of the company". features of branches  One branch at one place  - Usually there will be only one branch at one places.even if there are more branches at one place they will be under different places. Dealing same items     -  all branches deal in same type of goods or in same line of activities. Capital investments   - capital investments for the branc...

Entrepreneur. The term ' Entrepreneur '  is derived from the french word ' entreprendre '.which means " to undertake a business venture ". Meaning: He is an person who tries to create something new,who organises product and undertakes risk involved in the establishment and operation of a business enterprise. Definition: According to encyclopedia Britanica," An entrepreneur is an individual who bears the risk of operating a business in the face of uncertainty about the future conditions " According to adam smith," an entrepreneur is a person who only provides capital without taking active part in the leading role in entreprise "