Presentation on Forms of Business Organisation
- 1. Presented By: Ms. Komal Mahajan Asst. Prof. in Commerce
- 2. Forms of Business Organisation Private Sector Non- Incorporated Incorporated Public Sector Non- Incorporated Incorporated Joint Sector
- 3. Sector of businesses owned and run by private individuals/groups with no interference by government. Example: Reliance Industries Limited, Tata Consultancy Services (TCS), Infosys Technologies Ltd. etc. Incorporated: Registration is required. Non-Incorporated: No Registration is required.
- 4. Sector of business owned and run by Government. Example: NationalThermal Power Corporation (NTPC), Oil and Natural Gas Corporation (ONGC) etc. Incorporated: Registration is required. Non-Incorporated: No Registration is required.
- 5. Sector of businesses owned and run jointly by Government and private individuals. Example: Mahanagar Gas Limited, IOT Infrastructure & Energy Services Ltd etc.
- 6. Sole Proprietorship Joint Hindu Family Business Partnership JointVenture
- 7. Oldest and Simplest Form Single Owner No formalities All the functions are performed by him
- 8. Owned and run by Family Karta is the head Unlimited Liability of Karta Limited Liability of members Equal share in property Only found in India
- 9. 2 or more partners Equal sharing of profits and losses Unlimited Liability Restriction on transfer of Interest Utmost Good Faith
- 10. 2 or more people Temporary business Profit- loss sharing in predetermined ratio Established either to achieve motive or for specific time period
- 11. Joint Stock Company Cooperative Enterprises
- 12. Created under Companies Act, 2013 Ownership is divided among number of people known as shareholders Limited Liability Managed by Board of Directors Separate Existence from members
- 13. Created under Cooperative SocietiesAct, 1912 Voluntary Organisations Service Motive EqualVoting Rights Democratic Management
- 15. Oldest Form of Public Enterprises Managed and run by concerned Ministry More suitable for Public Utility Services Examples: Ministry of Railways, All India Radio etc.
- 16. Management by Board appointed by Government Purpose is to check unnecessary delays. Example: All India Handloom Board, Bhakra NangalControl Board etc.
- 17. Created for charitable, educational, religious or scientific purposes Designed to benefit the particular class or the public at large.
- 19. Established by special Parliamentary Law Management is according to law Example: Reserve Bank of India, Life Insurance Corporation etc.
- 20. Created under Companies ACT, 2013 51% of ownership vests with government Example: Steel Authority of India Limited (SAIL), Bharat Heavy Electricals Limited (BHEL), Indian Oil Corporation Limited (IOCL)