When we talk about a company, the terms shareholders and members are commonly used as synonyms, as one can become a member of the company, except by way of holding shares. In this way, a member is a shareholder and a shareholder is a member. The statement is true but not completely, as it is subject to certain exceptions, i.e. a person can become the holder of shares through transfer, but is not a member, until the transfer is entered in the register of members. In the same way, the … [Read more...]

 Someone said correctly "The very attempt of, not to speak, speaks a lot."Communication plays a crucial role in our life, as people interchange their ideas, information, feelings, opinions by communicating. Formal communication is one that passes through predefined channels of communication throughout the organization. On the contrary, Informal communication refers to the form of communication which flows in every direction, i.e. it moves freely in the organization. Communication could be … [Read more...]

Nowadays, investment in shares and debentures has taken a dominant position in the society, as people of different ages, religion, sex, and race invest their hard earned money, with an aim of getting better returns. While Shares refers to the share capital of the company. It describes the right of the holder to the specified amount of the share capital of the company. Conversely, debenture implies a long term instrument showing the debt of the company towards the external party. It yields a … [Read more...]

Nowadays, group or team concept is adopted by the organization, to accomplish various client projects. When two or more individuals are classed together either by the organization or out of social needs, it is known as a group. On the other hand, a team is the collection of people, who are linked together to achieve a common objective. Most of the work in a business entity is performed in groups. Although the individual personality of an employee is important, their effectiveness depends on … [Read more...]

Change is the basic law, that governs the entire nature. In this fast-paced world, technology is changing rapidly, i.e. nobody can assure you that the world is going to be same, five years later, as everything changes with the blink of an eye. So, if one wants to go along with the world, then the only requirement is to be creative and innovative. While Creativity is related to 'imagination', but innovation is related to 'implementation'. The primary difference between creativity and … [Read more...]

Recruitment is a process of searching out the potential applicants and inspiring them to apply for the actual or anticipated vacancy. On the other hand, Selection is a process of hiring employees among the shortlisted candidates and providing them a job in the organization. Due to increase in population, getting a good job is not an easy task. Employers want the right candidate for the concerned position. The large supply of workforce has given them the opportunity to select the best … [Read more...]

A company's vision and mission are of supreme importance, with respect to the future growth and success of the business, irrespective of its size, nature, and type. It not just directs the course of business and its workers but also helps in marketing your brand to the customers. A mission statement expounds the entity's business, its goals and approach to reach the goals. On the other hand, a vision statement is one that tells the desired future position of the entity. A mission statement is … [Read more...]

No one can deny the fact that the survival of business, mainly depends on its customers. And so the concern should plan its marketing strategies in such a way that it can turn shoppers into buyers. While marketing refers to a process of promoting or selling products and services with the help of tools like marketing research and advertising. There are many who think marketing is equal to advertising, but the thing is that marketing is a discipline, while advertising is just a branch of it. … [Read more...]

A company can be understood as a form of business organization, which is an association of persons, set up with an aim of undertaking business. It possesses a legal status distinct from its members and governed by the Companies Act, 2013. It is an artificial person, having perpetual succession and a common seal. It is commonly confused with the corporation, which is nothing but a body corporate, registered within or outside the nation. Generally, corporations used to mean big business houses, … [Read more...]

Invoices are an important instrument used in day to day operations of the business which acts as an evidence of the transaction. In general, there are two types of invoices - tax and retail. Tax invoice may be understood as the invoice issued by one registered vendor to another, during sales. Conversely, a retail invoice also known as sale invoice is issued, the sale is made to the final consumer. The main purpose of issuing tax invoice is to avail input tax credit. On the other hand, the … [Read more...]