Small scale industries owned and managed by women entrepreneurs have s...
B Bec 51 % of share holder has all right to decision making and owner of the company
Small scale industries owned and managed by women entrepreneurs have s...
Explanation:
Introduction:
Small scale industries owned and managed by women entrepreneurs play a significant role in promoting women empowerment and economic growth. To encourage and support women entrepreneurs, various government schemes and policies have been introduced. One such requirement for small scale industries owned and managed by women entrepreneurs is the minimum share capital.
Definition of Share Capital:
Share capital refers to the total amount of capital raised by a company through the issue of shares. It represents the ownership interest of the shareholders in the company.
Minimum Share Capital Requirement:
According to the question, small scale industries owned and managed by women entrepreneurs need to have a share capital of not less than 51 percent. This means that at least 51 percent of the total share capital should be owned by women entrepreneurs.
Importance of Minimum Share Capital Requirement:
The minimum share capital requirement ensures that women entrepreneurs have a significant stake in the company they own and manage. This helps in promoting women's economic empowerment and provides them with a stronger voice in decision-making processes.
Benefits of Women-Owned Small Scale Industries:
There are several benefits of promoting women-owned small scale industries, including:
1. Women Empowerment: Women-owned small scale industries contribute to the economic empowerment of women by providing them with opportunities for financial independence and socio-economic mobility.
2. Job Creation: Small scale industries owned and managed by women entrepreneurs create employment opportunities, not only for themselves but also for others in the community.
3. Innovation and Diversity: Women entrepreneurs bring new perspectives, ideas, and innovations to the business world, leading to greater diversity and inclusivity.
4. Economic Growth: Women-owned businesses contribute to the overall economic growth of a country by generating income, paying taxes, and contributing to the GDP.
Conclusion:
In conclusion, small scale industries owned and managed by women entrepreneurs are required to have a share capital of not less than 51 percent. This requirement ensures that women have a significant stake in their businesses and promotes women's economic empowerment. Supporting women-owned businesses has numerous benefits, including job creation, innovation, and economic growth.
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.