What are the types of finance through which SSI can be established?
Small scale industries just like the medium and large scale business require initial start up funds or capital and working capital for day to day working. In case of a company either private or public company-the funds are contributed by the shareholders and the funds are owned by the corporate person, the company and not by the shareholders. Proprietary Concerns: In case of proprietary concern, the individual proprietor brings the funds required for the business and he borrows on the credit market. He may also borrow funds from the public, but from not more than 25 people. Partnership Firm: The partner brings their own capital required for the business. In a trading firm a partner has implied authority to borrow money for the purpose of the business on the credit of the firm. COMPANIES Share Capital: The shares or other interest of any member in a company shall be movable property, transferable in the manner provided by the articles of the company. Its appropriate number shall disting
