A private company can start business as soon as it gets the certificate of incorporation. It is prohibited by law to issue any prospectus, inviting the general public
Trade associations and Chambers of Commerce play an important role in promoting trade and commerce. They serve as a forum for businessmen to come together, exchange views and
Why are Chambers of Commerce formed? Chambers of Commerce are formed for the purpose of protecting and promoting the interests of business and the business community. The membership
Advantages of pool organizations The following are the advantages of pool organizations 1. Ease of formation: It can be formed easily without much expense and does not require
Why are pools formed? Pools are formed with the basic objective of maintaining an effective control over prices. Members associate themselves to regulate the demand side or supply
What is Private Placement? Private Placement refers to direct sales of securities by a company to institutional investors like Mutual funds, Pension funds Insurance companies, Banks etc. The
What is book building process? It is a process used in IPOs for efficient price discovery. The price at which securities would be offered is not known initially.
Types of transactions in foreign exchange market The price quoted for currencies in the market is of two types. 1. Spot market and 2. Forward market. Spot market
Characteristic features of an Insurance Contract The following are some of the important features of an insurance contract. 1. Insurable interest A person can enter into a contract
Termination of agency by operation of law An agency may be terminated by operation of law, under the circumstances explained below. 1. Completion of business: An agency automatically