#commerce course

In today’s competitive business landscape, advancing your qualifications can make a significant difference. If you’re aiming for a promising career in commerce, look no further than K. J. Somaiya College of Arts & Commerce (KJSAC), one of the leading b.Com colleges in Mumbai. The college offers a dynamic and comprehensive Bachelor in Commerce (B.Com) program designed to provide you with the skills and knowledge to excel in the financial and business world.

Why Choose KJSAC for Your M.Com Degree course?

1. Unmatched Academic Excellence

KJSAC has consistently been recognized for its academic excellence and commitment to nurturing future leaders. The Bachelor in Commerce program at KJSAC is tailored to equip students with advanced knowledge in accounting, finance, and business management. With a curriculum designed to meet industry standards, you will gain a deep understanding of financial strategies, economic theories, and market trends.

2. Innovative Learning Approach

What sets KJSAC apart from other B.Com colleges in Mumbai is its focus on innovative teaching methods. The program integrates traditional learning with contemporary practices, including case studies, interactive workshops, and real-world simulations. This hands-on approach ensures that you not only learn theoretical concepts but also apply them in practical scenarios.

3. Experienced Faculty

At KJSAC, you’ll be guided by a team of highly qualified and experienced faculty members who bring a wealth of knowledge from both academia and industry. Their expertise will provide you with valuable insights and mentorship, helping you to navigate the complexities of the commerce field and develop a strategic mindset.

4. Comprehensive Curriculum

The Bachelor in Commerce program at KJSAC covers a broad spectrum of subjects including financial accounting, corporate finance, and strategic management. The curriculum is designed to prepare you for various roles in finance, accounting, and business analysis. By engaging with a diverse range of topics, you will be well-prepared to tackle the challenges of a rapidly evolving industry.

5. Career Advancement Opportunities

One of the standout features of studying at KJSAC is its strong focus on career development. The college offers numerous opportunities for internships, industry interactions, and placement assistance. These initiatives are aimed at ensuring that graduates are not only academically proficient but also ready to make an impact in their chosen career paths.

6. Vibrant Campus Life

Beyond academics, KJSAC boasts a vibrant campus life with numerous student activities, clubs, and events. Engaging in these activities will help you develop essential soft skills such as leadership, teamwork, and communication, which are crucial for career success.

Begin Your Journey at KJSAC

Introduction

A Private Limited Company is quite a proven and effective business model. It involves private ownership, with a limited number of shareholders(a maximum of 200). These are small but successful business entities and are comparatively easy to achieve targets, for young entrepreneurs, after the BCom course. Although it’s somewhat open to all options, individuals from Commerce courses happen to make better jobs here, mostly due to additional Educational orientations to similar subjects, something other stream novices to this sector, are deprived of.

What Is A Private Limited Company?

As the name suggests, a Private Limited Company is a privately held business entity. It offers limited liability or legal protection to its shareholders. It is an intermediate business stature, shareholders in between a partnership and a collectively owned business company. A maximum of 200 shareholders can be a part of this institution. According to the definition, the shares of these companies are not publicly sold in Stock Exchange markets and can only be sold to the stakeholders in the business, implying a ground-level limitation in the liquidation of such a company.

Who’s The Owner Of A Private Limited Company?

Private limited companies are owned by one or more individuals (human or corporate), known as “members”. The company’s “shareholders” are those, who’s memberships are limited by shares, while “guarantors”  are those limited by guarantees. Beyond the technical terms, members of a company are often referred to as partners. The companies are majorly owned and managed by the same set of people, where the ones managing the functioning of the system are called Directors, and the ones assisting them are called Secretaries. Together, the executive branch of a company is known as company officers.

What Are The Features Of A Private Limited Company?

A private limited company has the following features:

Membership: As per the provisions of the Companies Act 2013, from a minimum of two to a maximum of 200 members, is what a private limited company is allowed to comprise of.

Limited liability: The liability of the members is limited to the number of shares directly held in their name.

Perpetual succession: Even in case of death, insolvency or bankruptcy of any of its members, the company continues to exist in the eyes of the law, thereby offering ways of forever existence.

Register of members: This database is not mandatory for a private limited company to maintain, unlike any public limited company.

Directors requirement: The company is required to have a minimum of two directors, and then it can remain operational.

Paid-up capital: A private limited company must hold a minimum capital worth rupees one Lac, or such higher amounts, prescribed from time to time.

Prospectus: A private limited company is not required to issue a prospectus either, again, an absolute must in case of any public limited company.

Minimum subscription: There are no such limits on this ground and the company is free to start a business immediately after its formation.

Name: The company must use the word private limited company at the end of its name.

What Are The Merits Of A Private Limited Company?

A private limited company has the following advantages

Flexible Investment: No minimum capital threshold is required for registration.

Separate legal identity: A private limited company is a separate legal identity in the court of law and doesn’t hold overlapping assets and liabilities with the directors.

Free and easy transfer of shares: Shares of the company are transferable by a shareholder to any other person and it is particularly hazel free.

FDI allowed: In a private limited company, 100% foreign direct investment is permissible in certain segments.

What Are The Demerits Of A Private Limited Company?

A private limited company has the following disadvantages:

Publicity restrictions: It arrests the transferability of shares by its articles.

No place in the stock market: Shares of these companies are not entitled to be sold in the Stock Exchange markets.

Is There Any Specific Employer Requirement In A Private Limited Company?

There is no such mandatory requirement, to appoint employees in a private limited company. Though informal, graduates from Commerce Courses, are likely to prioritize, in the selection processes.

What Are The Requirements For Private Limited Company Registration?

A private limited company has the following requirements for registration::

A minimum of two adult persons are required to act as Directors of the company

Minimum of 2 Directors and can have a maximum of 2015 directors.

One of the directors of a private limited company has to be an Indian Citizen and Indian Resident.

The other director(s) can be a Foreign National.

Two persons are required to act as a shareholder of a company

What Are The Documents Required For Registration?

The documents required for a private limited company are:

ID proof: PAN card and passports of Indian and foreign directors, respectively

Address proofs: Ration card or Aadhar card or driver’s license or voter ID

Residence proofs: Bank Statement or electricity bill of the premise

Notarized rental agreement

NOC from the property owner

A copy of the sale deed or property deed (for an owned property)

Digital signature of any one director

What Is The Process Of Registering A Private Limited Company?

Once a name for the company is finalized, the following steps have to be carried out by the applicant:

Step 1: Apply for DSC (Digital Signature Certificate). Step 2: Apply for the DIN (Director Identification Number) Step 3: Apply for the name availability. Step 4: File the EMoa and EAOA with registration form to register the private limited company Step 5: Apply for the PAN and TAN of the company Step 6: Certificate of incorporation will be issued by RoC with PAN and TAN Step 7: Open a current bank account on the company name

Conclusion

Merits and Demerits are the two sides of the same coin, likewise, for a private limited company. It is the most prevalent and recognized business entity, in the current date. This is majorly due to the higher degree of freedom, that it offers in setting it up and functioning. There’s no time gap between these two, and that’s an incredible opportunity to encourage start-ups. After BCom Courses, thousands of young minds sketch business plans, not always relevant or effective in the public domain. Whereas the private window offers a more homely than a professional working space, warming up young interns to gear up quickly. Massive Private Limited Companies have prospered beyond extents, inspiring millions to execute their expertise. Some of these include Flipkart, Ola, Snapdeal, etc. It’s important to have directional thinking and appropriate strategies,  to suit the ideas.

Part – 2 – Learn Commerce Structures II: Proprietorship Firm Part – 1 – Learn Commerce Structures: All About Partnership Firms

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