Concept of E-Commerce- Meaning, Types, Advantages, Disadvantages andits Forms

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In this article we will discuss about Concept of E-Commerce- Meaning, Types, Advantages, Disadvantages and its Forms.




E-Commerce

Concept of E-Commerce- Meaning, Types, Advantages, Disadvantages and its Forms.

E-Commerce refers to electronic commerce which involves selling and buying of product online which is easy to seller for selling of his products and buyer to buyer anytime which less efforts. It increases customer’s ability to gather information about products and different prices. E-commerce helps create new job opportunities due to information related services, software app and digital products. There are some examples of e-commerce are:

  • Online shopping: Online shopping is the most popular example of e-commerce, it involves buying and selling of goods on internet.

  • Online payments: when a buyer get product they can make his payment through net.

  • Internet banking: In today’s time banks can offers you internet banking which is the easiest way of making online payments.

  • Online Ticket: We can book our ticket through net whether it is bus ticket, train ticket, or movie ticket internet can reduces efforts for it.



Types of E-commerce

  1. Business to Business (B2B):

  2. Business to Customer (B2C)                                                                                                                                

  3. Customer to Customer (C2C)



Advantages of e-commerce

  1. Convenience: E-commerce is convenience because whenever we buy something that product will be delivering to us within few days.

  2. Selection: Many stores offers different product and there is a wider range of choice of product to its customer.

  3. Time: It consumes less time in selection and ordering any product.

  4. Less effort: It took less effort for customers.

Disadvantages of e-commerce

  1. Limited customer service: There is limited customer services which provide us information related to product.

  2. No ability to see or touch product: Whenever you get something online there is no choice of see original product and have to touch that product.

  3. No instant gratification: Whenever you get something online you have to wait for its delivery to you.

Some another forms of E-commerce

  1. M-commerce: Mobile commerce is a form of e-commerce in which customer can buy or sell his product through mobile.

  2. F-Commerce: F-commerce refers to Face book commerce which provides popularity of product through ace book..



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Concept of Financial Management: Meaning, Scope, Objectives and their Functions

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In this article we will discuss about Concept of Financial Management: Meaning, Scope, Objectives and their Functions.




Financial Management



Financial management is the one of the most important function in an organization. It contains Planning, Organizing, Directing and controlling the financial activities in business organization. It helps organization to procure finance from different sources and utilization of fund.

NABARD (National Bank for Agriculture and Rural Development) :Introduction, Function and Role

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In this article we will discuss about NABARD (National Bank for Agriculture and Rural Development) : Introduction, Function and Role.






NABARD (National Bank for Agriculture and Rural Development)





It is an apex bank of India which regulates and develops agricultural as well as rural development. It was established in 12 July 1982 and its headquarters are located in Mumbai with its branches in all over India.

Article of Association: Meaning, Features, Importance and Content of Article of Association

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In this article we will discuss about Article of Association: Meaning, Features, Importance and Content of Article which is the one of the most important document required by company for formation.




Meaning and Definition of Article of Association

Image result for article of association

Article of Association is document of the company which contains rules and regulations related to the internal management. It is concern with the internal management of the company and aims to carry the objectives of the company.

According to section 26, Registration of the article is not compulsory as memorandum

  • It is optional for public limited companies by shares

  • Compulsory for all other companies

This document often defines the manner in which the shares are to be issued, dividend to be paid, the financial records to be audited and the power to be given to the shareholders with the voting rights.

Characteristics/ Features

  1. Legal document

  2. It contains rules and regulations

  3. It should be in written form

  4. It is compulsory for all companies except public companies limited by shares

Importance of Article of Association

The article of association is a important document for every company and its contains rules and regulations of the company which helps the internal management. The importance of Article of Association are discussed below:
1. Basis for the company

  1. It controls internal affairs

  2. Valuation of intellectual property

  3. Appointment of chairpersons, Director, etc

  4. Operating management

Content of Article of Association

Section 5(1) and section 5(2) of the Companies Act, 2013 provide for the contents of the articles of association. The Article must contain all the rules and regulations of the company and controls internal management.

  1. Share capital with shareholders rights

  2. Calls on shares

  3. Transfer of company shares

  4. Share forfeited

  5. Transmission of shares

  6. Conversion of shares into stock of the company

  7. Share warrant

  8. Shares alteration

  9. Lien of shares

  10. Members voting rights

  11. Members of the general, Board or other meeting

  12. Borrowings of the company

  13. Winding up of the company.

Thus the Article of association  is most important document and necessary to every organisation. It also known as company legal document because it contain companies rules and regulations.




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