ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Companies Act 1965.
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Business Registration Act 1956
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Business Partnership Act 1960.
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Business Commission Act 1957
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Detailed explanation-1: -A business that is specified in the Schedule of the Registration of Businesses Act 1956 (Act 197) (ROBA 1956) and Registration of Businesses Rules 1957 is a type of sole proprietorship and partnership business.
Detailed explanation-2: -The Companies Act, 2013, introduced the concept of a One Person Company (OPC). An OPC is a hybrid of a sole proprietorship business and a company. An OPC provides a sole proprietor with an opportunity to establish a company.
Detailed explanation-3: -Sole Proprietorship Registration Under the Shop and Establishment Act. Under the Shop and Establishment Act, business owners possessing shops and establishments can register their sole proprietary concern.
Detailed explanation-4: -1 Companies play very vital role in any economy. In our country, the Companies Act, 1956 primarily regulates the formation, financing, functioning and winding up of companies. The Act prescribes regulatory mechanism regarding all relevant aspects including organisational, financial and managerial aspects of companies.