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SYLLABUS

 UNIT-I :

EVOLUTION AND FUNDAMENTALS OF BUSINESS INTRODUCTION TO BUSINESS History of Commerce in India – Classification of Human Activities; Economic and Noneconomic – Types of Economic Activities; Business – Profession & Employment – Concept – Meaning – Features – Objectives; Corporate Social Responsibility of Business. BUSINESS ACTIVITIES Concept of Industry and Commerce – Hindrances Involved in Commerce – Branches of Commerce – Interrelationship between Industry, Trade and Commerce – Distinction Between Industry, Trade and Commerce.

UNIT-II :

FORMS OF BUSINESS ORGANIZATIONS Concept and Meaning of Business Organization – Forms of Business Organization. SOLE PROPRIETORSHIP Meaning and Definitions – Features – Advantages and Disadvantages of Sole Proprietorship. JOINT HINDU FAMILY BUSINESS AND CO-OPERATIVE SOCIETIES Meaning – Features – Advantages and Disadvantages of Joint Hindu Family Business; Co-operative Societies – Meaning – Definition – Features and Types – Advantages and Disadvantages of Cooperative Societies. PARTNERSHIP FIRM Meaning and Definition – Features of Partnership Firm – Types of Partners – Advantages and Disadvantages of Partnership Firm – Limited Liability Partnership Firm – Registration of Partnership Firm – Partnership Deed – Rights and Duties of Partners – Dissolution of Partnership Firm. JOINT STOCK COMPANY Meaning and Definition of a Company as Per Companies Act – 2013 – Features and Classification of Joint Stock Companies – Differences between Private Company and Public Company – Advantages and Disadvantages of Joint Stock Companies.

UNIT-III :

FORMATION OF COMPANY AS PER COMPANIES ACT-2013 FORMATION OF COMPANY Formation of a Company – Steps in Formation of a Company – Promotion – Functions of Promoters – Types of Promoters – Incorporation or Registration of a Company – Capital Subscription – Commencement of Business – Memorandum of Association – Articles of Association – Prospectus –Minimum Subscription and Certificate of Commencement of Business.

UNIT-IV :

SOURCES OF BUSINESS FINANCE Meaning of Business Finance – Nature and Need – Significance of Business Finance Classification of Sources of Funds – Factors Determining the Choice of Source of Finance. Non – Institutional Sources of Finance – Institutional Sources of Finance and International Sources of Finance.

UNIT-V :

MSME’S AND MNCS MSME’S Meaning and Definition of Enterprise and MSME’s – Registration Requirements Under MSMED Act, 2006 – Significance of MSME’s – Privileges Offered to MSMEs – other Promotional Measures for MSMEs. MNCS Meaning and Definition – Necessity of Globalization – MNCs : Features – Advantages and Disadvantages of MNCs. EMERGING TRENDS IN BUSINESS Meaning and Definition of E – Business – Scope of E - Business – Benefits of E - Business – Opportunities and Challenges of Business in 21st Century