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Special privileges of private company under company law PRIVATE COMPANY: A private company is a firm held under private ownership. Private companies may issue stock and have shareholders, but their shares do not trade on public exchanges and are not issued through an initial public offering (IPO). Section 2(68) of the Companies (Amendment) Act, 2015…
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LIFTING UP OF CORPORATE VEIL UNDER COMPANIES ACT 2013: Statutory provisions and judicial provisions, Salmon vs Salmon & Co. case CORPORATE VEIL The Corporate Veil is a shield that protects the members from the action of the company. In simple terms, if a company violates any law or incurs any liability, then the members cannot…
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FEATURES OF COMPANIES UNDER COMPANIES ACT 2013: Statutory body, voluntary association, minimum and maximum number of members, perpetual succession, common seal, registration, transferability of shares etc. Company is an artificial person created by the law for some common purpose where the capital is divisible into parts known as shares with perpetual succession and common seal. ACCORDING…
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KINDS OF COMPANIES IN COMPANY LAW : Statutory companies, chartered companies, registered company, foreign companies, investment companies, one person company, public company, private company etc. QUESTION: Define a private company and state the special privileges which it enjoys under the Companies Act, 2013? ANSWER: PRIVATE COMPANY A private company is a firm held under private…
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COMPANY AND ITS FEATURES NOTES: Characteristics of Company, Lifting up of corporate veil Question: Define a company and explain its special characteristics? Company is an artificial person created by the law for some common purpose where the capital is divisible into parts known as shares with perpetual succession and common seal. ACCORDING TO PROF. HANEY “A…
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REGRESSION ANALYSIS: MEANING The statistical technique of estimating or predicting the unknown value of a dependent variable from the known value of an independent variable is called regression analysis. Sir Francis Galton introduced the concept of regression for the first time in 1877 where he studied the case of one thousand fathers and sons and…
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Importance of correlation is as follows: CORRELATION Correlation is a statistical technique which shows the degree and direction of relationship between the two variables. It ranges between -1 to +1. According to AM Tuttle “Correlation is the analysis of co-variation between two or more variables.” According to Croxton and Cowden “When the relationship is of…
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CORRELATION NOTES PDF: Correlation, Correlation and Causation, Types of Correlation, Significance of Correlation, Methods of Correlation etc. CORRELATION Correlation is a statistical technique which shows the degree and direction of relationship between the two variables. It ranges between -1 to +1. According to AM Tuttle “Correlation is the analysis of co-variation between two or more…
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MEASURES OF DISPERSION IN STATISTICS : Dispersion, meaning and definition; Importance; Relative and absolute measures of dispersion. DISPERSION Dispersion indicates the measure of the extent to which individual items differ. It indicates lack of uniformity in the size of items. ACCORDING TO BROOK AND DICKS “Dispersion is the degree of the variation of the variable…
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MEASURES OF CENTRAL TENDENCY BCOM 1ST YEAR: Median, Mean and Mode. Features of Good Average. All previous year questions. Question: What do you mean by Arithmetic Mean? Differentiate between Simple and Weighted Arithmetic Mean. When is the usage of median is considered more appropriate than mean? Answer: ARITHMETIC MEAN: Arithmetic Mean or the mean is…
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