VOLUNTARY WINDING UP UNDER THE SUPERVISION OF COURT

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According to section 396 of Companies Ordinance, a voluntary winding up of a company can also be carried under the strict registration of the court. 1.  Resolution At first, company has to pass special resolution for the voluntary winding up of the company. 2.  Supervision Order Following are the common grounds on which the court issues the supervision order: 1.  The liquidator performs his duty in partial manner. 2.  The winding up resolution is obtained by fraud. 3.  The liquidator does not strictly observe the rules of winding up the company 3.  Power of the Court The court has the power to appoint an additional liquidator, or to remove any liquidator. 4.  Dissolution After the supervision order is made, the liquidator may exercise his powers in winding up of a company.  On completion of winding up, the court will make an order that the company is dissolved. Share Capital; In simple words, the term “capital” means the particular amoun...
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Continue ( Qualities of good Businessman)

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8.  Evaluator 

A businessman has to check himself that how he is working.  This thing can make the business good in progress. 

9.  Foresight 

A good businessman must have the quality of foresight.  He must keep in touch with the business world.  He should move about and see what is going on for he has to estimate new wants and new inventions for creating fresh demands. 

10.  Honesty 

A businessman should be honest in dealing with others.  Honesty of a businessman helps him in his business. 

11.  Hardworking 

A businessman must be hard working.  Without have working no business can be successful.  If the owner is not hard working then other workers of the business can’t be hardworking. 

12.  Initiation 

The business world is moving at a very fast speed.  A businessman should have the ability to take initiative by producing new things and new methods of marketing the products and 
services. 

13.  Knowledge 

A good businessman should have knowledge of his business.  It should be supplemented by the knowledge of trade, finance, marketing, income tax, etc. 

14.  Leadership  

Leaders are not made, they are born; but the businessman has to get some qualities of a leader.  With the help of leadership a businessman can control his business and workers. 

15.  Negotiator 

If a businessman is a good negotiator, then he can run his business well, because without good communication he can’t impress his consumer.

16.  Personality 

A businessman should have a graceful personality because it can impress his customers.  If his personality is not good or not graceful then his business can’t go well. 

17.  Quick Decisions 

A businessman has decision‐making power.  He decides on all matters in the best interest of the  business.  A  businessman  must  have  technical  knowledge,  judgment  power  and intelligence to take sound and quick decisions. 

18.  Responsibility 

A successful businessman should have to realize his responsibilities.  If he doesn’t do his duty then his business can’t go well. 

19.  Reviewer 

A good businessman has to review his mistakes, which he committed in the past, and try his best never to do it again in his life. 

20.  Sound Financial Management 

Sound financial management is an important factor for successful business.  Without it no business can go well.  So a business must possess good financial position. 

21.  Self‐Confidence  

A good businessman should have self‐confidence.  Without self‐confidence he can’t make quick decisions and business suffers a lot. 

22.  Tact 

A good businessman should be a tactful person.  He has to handle persons or his customers very tactfully.  It helps to earn profit in future. 

23.  Technical Skills 

A good businessman must have the knowledge about technical skills.  He should have complete command of specialized knowledge in his field, which he has to perform.

Here our first introductory portion about is covered the next will be about organizational structure and its environment.

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