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Company Formation in India

Formation of a company involves a number of steps which are required to be taken from the time a business idea originates till the time a company is legally ready to commence business. The stages and steps  involved in the formation of a company are:- 1. Promotion Stage 2. Incorporation Stage 3. Capital Subscription Stage […]

Business: Meaning, Definitions, Characteristics, Objectives, Scope and Growth Strategies

A business (or firm) is an enterprise that provides products or services desired by customers. Along with the large, well-known businesses such as – The Coca-Cola Company and IBM, there are many thousands small businesses that provide employment opportunities and produce products or services that satisfy customers. Business refers to the economic activities concerned with […]


An entrepreneur in a developing economy is one who starts an industry, undertakes risk, bears uncertainties and also performs the managerial functions of decision-making and coordi­nation. A most appropriate definition of entrepreneur is that, “he is a man who detects and evalu­ates a new situation in his environment and directs the making of such adjustments […]

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