Presentation on Forms of Business Organisation

K
Komal MahajanAssistant Professor in Commerce at Pt. Mohan Lal S.D College for Women, Gurdaspur à Pt. Mohan Lal S.D College for Women, Gurdaspur
Presented By:
Ms. Komal Mahajan
Asst. Prof. in Commerce
Forms of
Business
Organisation
Private Sector
Non-
Incorporated
Incorporated
Public Sector
Non-
Incorporated
Incorporated
Joint Sector
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.
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.
Sector of businesses owned and run jointly by
Government and private individuals.
Example: Mahanagar Gas Limited, IOT
Infrastructure & Energy Services Ltd etc.
Sole Proprietorship
Joint Hindu Family Business
Partnership
JointVenture
 Oldest and Simplest Form
 Single Owner
 No formalities
 All the functions are performed by him
 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
 2 or more partners
 Equal sharing of profits and losses
 Unlimited Liability
 Restriction on transfer of Interest
 Utmost Good Faith
 2 or more people
 Temporary business
 Profit- loss sharing in predetermined
ratio
 Established either to achieve motive or
for specific time period
Joint Stock Company
Cooperative Enterprises
 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
 Created under Cooperative SocietiesAct,
1912
 Voluntary Organisations
 Service Motive
 EqualVoting Rights
 Democratic Management
Departmental Organisation
Board Organisation
PublicTrusts
 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.
 Management by Board appointed by
Government
 Purpose is to check unnecessary delays.
 Example: All India Handloom Board, Bhakra
NangalControl Board etc.
 Created for charitable, educational, religious
or scientific purposes
 Designed to benefit the particular class or
the public at large.
Public Corporations
Government Company
 Established by special Parliamentary Law
 Management is according to law
 Example: Reserve Bank of India, Life
Insurance Corporation etc.
 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)
Presentation on Forms of Business Organisation
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Presentation on Forms of Business Organisation

  • 1. Presented By: Ms. Komal Mahajan Asst. Prof. in Commerce
  • 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
  • 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)