FORMS

OF BUSINESS ORGANISATION

With ref to BUSINESS MODEL OF

CONCEPT

A set-up which undertakes business activities by producing and / or distributing goods and services with the main aim of earning profit.

INDIAN BUSINESS FORMS

SOLE TRADING CONCERNS JOINT HINDU FAMILY BUSINESS PARTNERSHIP FIRM

JOINT STOCK COMPANY COOPERATIVE SOCIETY

SOLE TRADING CONCERNS

Easiest form to set up and most common entity in India. This does not even require a formal registration with the Registrar of Companies (ROC) however trade related licenses that are mandatory have to be obtained. The businesses usually involve less risk, small market, small capital and in turn have limited growth potential. Freelancers, small traders, people who ply their skills and craftsmanship such as tailors, bakers, etc.

JOINT HINDU FAMILY BUSINESS

unique to India Hindu undivided family do business jointly under the control of the head of the family who is known as the 'Karta'. It comes into existence by the operation of Hindu law and not out of contract. It is managed generally by the Karta. He has the authority to obtain loans against the family property or in other ways. Other members have no right of management nor to contract loans binding on the joint-family property. Women can not be Karta. Farmers/ Individual money lender

PARTNERSHIP FIRM

A partnership is a business entity having two or more owners. Earnings are distributed according to the partnership agreement and are treated as personal income for tax purposes. The amount and nature of their respective capital contributions (e.g., one partner might contribute cash, another a patent, and a third property and cash) Depending on the partnership agreement, the partnership may have a limited life. Unless otherwise specified, it will end upon the withdrawal or death of any partner. Chartered Accountant Firms / Legal firms/ small Nursing Home/ small consultancy .

JOINT STOCK COMPANY

An organization that falls between the definitions of a partnership and corporation. This type of company issues stock and allows for secondary market trading; however, stockholders are liable for company debts. RIL / TISCO/SAIL/OIL Corporations:

A legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses; that is, a corporation has the right to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes. municipal corporations in India / state transport (equity owned by State)

COOPERATIVE SOCIETY

those who want to work together with some common economic objective can form a society which is termed as cooperative society. It is a voluntary association of persons who work together to promote their economic interest. It works on the principle of self-help as well as mutual help. The main objective is to provide support to the members. Nobody joins a cooperative society to earn profit. People come forward as a group, pool their individual resources, utilise them in the best possible manner, and derive some common benefit out of it. Gujarat Co-operative Milk Marketing Federation that sells AMUL milk products / Urban Cooperative Banks/ Housing Cooperative Society / Haryana Handloom / Kendriya Bhandar, Apna Bazar and Sahkari Bhandar

GUESS

THE BUSINESS FORM?

INTRODUCTION

IT ALL BEGAN WHEN MILK BECAME A SYMBOL OF PROTEST.

FORMED IN THE YEAR 1946.

FOUNDED BY DR. VERGHESE KURIEN : FATHER OF WHITE REVOLUTION IN INDIA

AMUL PRODUCTS

AMUL BUSINESS FORM

GCMMF

(GUJRAT COOPERATIVE MILK MARKETING FEDRATION Ltd.)

AMUL BUSINESS MODEL

THANK YOU.!