Author Archives: Mrs. Shivali Shah

DISTINCTION BETWEEN A PRIVATE COMPANY AND PUBLIC COMPANY

As per the Company Law, there are various points of distinction between a private and a public company. The simplified version of these points are given below: Minimum number of members : A Private Ltd. Co. needs only 2 members for its formation, while a Public Ltd. Co. requires minimum 7 members for its formation […]

“LIFTING OF THE CORPORATE VEIL“ in the Company Law means…

Every Company has an identity, rights, duties and liabilities, separate from those of its members. Thus a VEIL of incorporation exists between the company and its members and due to this a company is not identified with its members. But In reality, it is an association of persons, who are the beneficial owners of that […]

EMOTIONAL OPENNESS KEY TO HAPPINESS

Nobody wants to be a follower, but everybody wants to be a leader because of emotional satisfaction derived being a leader. Emotional openness is a fundamental attribute in satisfaction; hence satisfaction should be inclusive of emotion and not just cognitive. Negative emotions have stronger effect on satisfaction than positive emotions. i.e., Mr. Rahul and Ms. Anjali were executives who […]

IMPORTANCE OF STATISTICS FOR MANAGERS

Modern business management is more a Science than an Art. Ever increasing global competition mandates business managers to address uncertainty by using scientific methods and be Objective decision makers. Forecasting, planning, organizing and decision making; some of the key activities of a manager intend better future for the business. The only certainty about the future is […]