Match the pair: Registration of a Company, Sole Trading Concern, Minimum no. of members is 10

(i) (a) maximum (ii) (b) co-parcener (iii) (a) KARTA (iv) (b) compulsory (v) (a) limited

Sole Trading Concern is a type of business which is owned, managed and controlled by one person.

1. It is a form of business organization which is owned, managed and controlled by one person.  2. It need not be registered.  3. It does not have a legal status i.e....

(i) Suitable for some Special Business : Sole trading concern is suitable for business where personal attention and individual skill is needed e.g., Beauty parlour, groceries, fashion designing, sweet shops,...

Group ‘A’ Group ‘B’ (a) Sole Trading concern (7) Single Ownership (b) Joint Hindu Family Business (5) Karta (c) Partnership Act (1) 1932 (d) Joint Stock Company (3) Artificial person (e) Co-operative Society (8) Equal voting rights

Co-operative Society

Group A Group B (i) Private Company Minimum 2 directors (ii) Sole Trading Concern Beauty parlour (iii) Principal-Agent relationship Partnership Firm (iv) Tax Concession Co-operative Societies (v)  Joint Hindu Family Business Partition of business

Group A Group B (i) Public Company Minimum 7 members (ii) Private Company Minimum paid up capital Rs 1,00,000 (iii) Owned and controlled by one person Sole Trading Concern (iv) Registration Compulsory in Maharashtra Partnership firm (v) Co-operative societies Democratic Management

The registration of a sole trading concern is not compulsory.

Group ‘A’ Group ‘B’ (a) Sole Trading Concern (5) ‘One Man Business’ (b) Joint Hindu Family Business (7) Hindu Succession Act, 1932 (c) Partnership Firm (2) Unlimited liability, joint, and several (d) Reserve Bank of India (6) Statutory Company (e)...