(i) According to Companies Act, every public company, should hold a meeting of the shareholders within 6 months but not earlier than one month from the date of commencement of business of the company.
(ii) This is the first general meeting of the public company is called the Statutory Meeting.
(iii) This meeting is conducted only once in the lifetime of the company. 
(iv) A private company or a public company having noshare capital need not conduct a statutory meeting.
(v) The company gives the circular to shareholders before 21 days of themeeting.

A person who is not the member of Board but has some power to run it can be appointed as the director but according to his/her wish.

Condition stipulated for capital subscription
(i) The fulfilling formalities to raise necessary capital.
(ii) Adhering to SEBI guidelines in this regard.
(iii) Fulfilling the condition for valid allotment by director.
(iv) Filing allotment return with the Registrar.

(i) Dairy Entrepreneurship Development Scheme: 
Dairy Entrepreneurship Development Scheme aims at helping entrepreneurs in the field of Agriculture, pets, and animals, and social impact to set up small dairy farms and incentives are provided to cover the cost of the required equipment or establishment of the facility.
(ii) Project Report:
(a) Project reports need to be prepared according to the format prescribed in the loan application form of term lending institutions.

(i) They nurture desire of starting a particular venture and earning high profit there from and thus attaining a social status.
(ii) They apply their knowledge, skill and insight in making the venture a great success in order to earn maximum profit out of the venture.

The commercial functions of entrepreneurs are :
(i) Production or Manufacturing
(ii) Marketing
(iii) Accounting
(iv) Finance
(v) Human Resource Management
(i) Production or Manufacturing: Under production function, entrepreneur has to take decision relating to selection of factory site, design and layout, type of products to be manufactured, research and development, product design etc.
Marketing : Entrepreneur has to carry out following functions pertaining to marketing aspect namely consumer research, product planning and development, standardisation, packaging, pricing, warehousing, distribution, promotion etc.
(ii) Accounting :Entrepreneur has to arrange (v) to prepare trading and profit and loss account in order to know the profit or loss incurred out of operation of the business and prepare balance sheet to know the financial status of business at a particular day.
(iv) Finance : In the sphere of financial function, an entrepreneur has to take decisions like choosing the right type of financing,framing thebest dividend policy, acquiring of funds, efficiently managing fixed and current assets, maximising shareholders wealth and investing offunds efficiently and effectively.
Human Resource Management: Entrepreneur has to estimate the manpower needs of the enterprise and accordingly decide the size of manpower required for various slots oforganisational structure.After determining the required man power the entrepreneur has to organise the performance of following functions pertaining to human resources namely arranging for. recruitment, selecting manpower, induction and training, determining compensation structure and inentives, designing motivation programmes, structuring well being measures for employees, putting in place safety mechanism at work place, performance evaluation and career advancement and structuring social security programmers.

Characteristics of a bill of exchange
(i)  A bill of exchange is a document in writing.
(ii) The document must contain an order to pay.
(iii) The order must be unconditional.
(iv) The instrument must be signed by the person who draws it.
(v) The name of the person on whom the bill is drawn must be specified in the bill itself.
(vi) The amount that isrequired to be paid must also be specified in the bill.

Existing goods are those owned or possessed by the seller at the time of contract of sale. Goods possessed even refer to sale by agents or by pledgers. The existing goods may be either :
(i) Specific Goods : Specific goods denote goods identified and agreed upon at the time of contract of sale.
(ii) Ascertained Goods: The term 'ascertained goods' is also used as similar in meaning to specific goods.
(iii) Unascertained or Generic Goods: These are goods which are not identified and agreed upon at the time of contract of sale.

(i) The Government has started the process of disinvestment in those PSUs which had been running into loss.
(ii) It means that Government has been selling out these industries to private sector.
(iii) So disinvestment is a system of privatising government enterprises.

The Goods and Services Tax Council shall make recommendations to the Union and the States on
(i) The rates including floor rates with bands of goods and services tax.
(ii) Any special rate or rates for a specified period, to raise additional resources during any natural calamity or disaster.
(iii) The goods and services that may be subjected to, or exempted from the goods and services tax.

No, The District Forum can entertain complaints within the territory of genuine district and, where the value of goods or services and the compensation if any claimed is less than Rs 20 Lakhs.

Consumer right is interpreted as "the right to have information about the quality, potency, quantity, purity, price and standard of goods or services".

(i) There are certain situations where the shop-keepers put up the board 'No Stock' in front of their shops, even though there is plenty of stock in the store.
(ii) In such situations consumers who are desperate to buy such goods have to pay hefty price to buy those goods and thus earning more profit unconscientiously.
(iii) Even in Cinema houses, board may hang in the main entrance 'House Full' while cinema tickets will be freely available at a higher price in the black market.

(i) E-commerce simply refers to the buying and selling of products and services through Online but E-business goes a way beyond the simple buying and selling of goods and service and much wider range of business processes, Such as supply chain management, electronic order processing and customer relationship management.
(ii) E-Commerce and E-Business is used interchangeably in its broader meaning just as commerce and business.

Marketing Concepts:
(i) What I can sell?
    Make what you can sell, but do not try to sell what you can make.
(ii) Shall I first create Products?
     No, first create a customer, Then Create Products.
(iii) Shall I love my Products?
      No, love your customers and not the Products.
(iv) Who is Supreme in Markets?
      Customer is Supreme or King.
(v) Who will shape my Decisions?
      Customer's preferences shape your decisions.