Kochi metro Coach Design

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WHAT IS A FIRM?

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FIRM The firm is a constituent element of an industry. Firms of different sizes , location, ownership, efficiency constitute an industry. The immediate environment of a firm is limited to the industry to which it belongs. Firms come under organization and falls in to the sub-classification Non-corporate enterprise. The non corporate Enterprise is divided in to 1) Partnership firm and 2) Joint Hindu family Firm Definition: According to section 4 of the Indian partnership Act 1932 “ Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all “ Essential Characteristics of Partnership Firm 1.Agreement : Partnership is the result of an agreement between 2 or more persons. It may be oral or write. It must satisfy all the requirements of a valid contract. 2.Bussiness : The ultimate aim of the agreement is to do lawful business or profession. An illegal act...
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Why not learn a lesson in political honesty too?

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There is more than a passing similarity between last year’s general elections in India and the just-concluded UK general elections. In India, the Modi-led BJP won a majority on its own, putting an end to years of coalition governments. In the UK, the David Cameron-led Conservative Party won an overall majority on its own, stunning pollsters and pundits alike. In India, Modi’s overwhelming victory was widely seen as setting the stage for massive change. In the UK, these elections are also a precursor to some significant changes, from a potential exit from the EU to the revival of the Scottish independence movement. But there the similarities stop. After their crushing defeat, the leaders of the parties on the losing side were quick to own personal responsibility for the rout of their respective parties. Labour’s Ed Milliband not only resigned from his party’s leadership, but even quit politics. Nick Clegg of the Liberal Democrats, also quit as party leader, though hanging on to his ...
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Weekly 10 to 18

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