Category: Tech & Engineering

Audit of Share Capital: The auditor should examine the following books and documents for the purpose of auditing Share Capital newly issued: (i) Memorandum of Association, ADVERTISEMENTS: (ii) Articles of Association, (iii) Prospectus, Image Source: consumedmediacom.c.presscdn.com (iv) Directors’ Minute Book, ADVERTISEMENTS: (v) Application for Shares, (vi) Application and Allotment Book, (vii) Copies of Letters of Allotment, (viii) Copies of Letters of Regret, ADVERTISEMENTS: (ix) Letters of Calls, (x) Calls Book, (xi) Share Register, (xii) Cash Book, (xiii) Pass Book. For the purpose of audit, the Share Capital of a company may be put under two heads: I. Shares issued for cash. II. Shares issued for consideration other than cash. I. Shares Issued for Cash: The entire procedure may be divided into three stages: (1) Receipts of applications along with the…

606 Words Essay on Internet Business.In a world of light-speed data transmission, any individual with little training and expertise can make a fortune from the Internet. Many companies are doing business only through Internet transactions. As computer technology progresses, the amount of Internet consumers also grows. Advance technology makes work faster and safer. ADVERTISEMENTS: An Internet entrepreneur’s first challenge is to create a presence on the web. With a phone line, computer, and Hyper Text Markup Language (HTML), a business can advertise or event conduct transactions over the Internet. Any computer user familiar with a word processor can effectively use these applications with minimal training.Some online businesses handle hundreds of thousands of people everyday. They require specialised hardware and cabling to control the vast amount of traffic on their site…

Short Essay on Mobile Court – The delays that occur in judicial decision-making are a well-known fact. There are lakhs of cases pending in different courts throughout the country.With pending cases in courts mounting, the recent launch of the country’s first mobile court at Mewat district in Haryana is laudable.Mobile court means a court set up in a vehicle which can move from one place to another according to a well-prepared plan and schedule. Mobile courts will be of great relief to the rural people. Image Source: i0.wp.com ADVERTISEMENTS: It would create greater awareness about the judicial system among the rural masses, cut costs for them and render justice at their doorstep. These courts should see to that hearings are not unnecessarily postponed.The mobile court is equipped to receive plaints,…

A description of the invention called the ‘specification’ is essential part of a patent, for it is the consideration which constitutes quid pro quo for the grant of patent monopoly.The specification is with a title sufficiently indicating the subject matter of the invention should fully and particularly describe the invention and the method which it is to be performed. ADVERTISEMENTS: It should disclose the best method of perform the invention which is known to the applicant for patent.Section 9 provides that where an application for a patent accompanied by a provisional specification. A complete specific at shall be filed within twelve months from the date of filing of the applicant and if the complete specification is not so filed, the application shall deemed to be abandoned. Image Source: inventiontown.comWhere two…