This article throws light upon the three main criterions for defining the concept of optimal taxation. The criterions are: 1. Minimization of Resource Cost 2. Equity Criteria 3. Efficiency Criteria. Criteria # 1. Minimization of Resource Cost: A tax system usually involves cost of collection to the authorities and a resource cost to the taxpayers. However, in deciding on alternative [...]
The following points highlight the five main criteria required during meeting of shareholders. The criteria are: 1. Quorum 2. Voting 3. Resolutions 4. Copies to be Filed with the Registrar 5. Minutes Books. Meeting of Shareholders: Criteria # 1. Quorum: The quorum for the general meetings of the company is five persons personally present for public companies and two for [...]
The following points highlight the five main criteria required for floatation of companies. The criteria are: 1. Documents 2. Prospectus 3. Deposits 4. Minimum Subscription 5. Certificate of Commencement of Business 6. Returns as to Allotment. Floatation of Companies: Criteria # 1. Documents: It is usually a "promoter" who thinks of the idea of a business to be run by [...]