The Break-Even Analysis refers to the method adopted by the firms to determine what level of production and sales is to be maintained to ensure that it does not lose money. It is a financial tool, used for economics, business, bookkeeping and accounting. Break-even analysis is a study of the relation between the variable […]
Society is a group of people formed with mutual consent to administer, govern and act on a communal purpose. These are usually formed for a charitable purpose and not for a financial gain (one of the 3 main types of NGOs in India). It is registered under the Society Registration Act, 1860 which aims at legalizing […]
ESIC registration or Employees State Insurance registration is a social security program that offers medical and disablement benefits to the employees. It is overseen by Employee State Insurance Corporation and falls under the ESI Act, 1948. ESIC assures this provision to all the employees pan India. It is an autonomous body under the Ministry of Labour […]
When a company, being a separate legal entity, ceases to exist, it is called as winding up of a company. It is also known as Dissolution or Liquidation of the firm. This could be due to an agreement among stakeholders of the company, the loss incurred, bankruptcy, the death of promoters, […]
A Co-operative society can be defined as the community or association of persons getting mutually together for a particular mission of the equivalent region. Accordingly, voluntarily and some like-minded people create a society to meet the financial, cultural and developmental wants. It is a self-governing body regulated by their own members of a […]
EPFO is named as Employees’ Provident Fund Organisation. The EPFO has been involved in assisting the statutory body and Central Board of Trustee formed by Miscellaneous Provisions Act including the EPF. They are following the regulatory control of the Ministry of Labour and Employment, Government of India. The EPFO functions the double role of being the […]
