Regret Letter. When shares are not allotted by the company to shares applicant are informed about rejection of their share applications. The regret letter need not be preserved.
Following are the various types of partners: i. Active Partners: Partners who take active part in the conduct of day‐to‐day transactions of the firm are called Active Partners. These partners perform the business activities on behalf of other partners. ii. […]
Meaning: Partnership is an association of two or more persons who agree to combine their financial resources and managerial abilities to operate a business and share Profits and Losses in an agreed ratio. Definition: Partnership as per the Indian Partnership […]
Explanation [Micro economics is known as Price theory]: The subject matter of micro economics includes the theory of product and factor pricing. The theory of product pricing explains how the prices of different commodities such as cloth, wheat, rice, sugar, etc. are determined. The theory of […]