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Introduction to Company Law

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Business law or Commercial law deals with the sale and distribution of goods. Whereas Corporate or Company Law is a legal field that governs the formation of companies, shareholder rights, mergers, and acquisitions.  Company law in India, is the cherished child of the English Parents. Company legislation in India owes its origin to the English Company Law. Joint Stock Companies Act, 1844 in England, the first Companies Act was passed in India in 1850. After this, The Amending Act of 1857 conferred the right of registration of companies with or without limited liability. Subsequently this right was aslo granted to banking and insurance companies by an Act of 1860. The Companies Act of 1856 was introduced which repealed all the previous Acts. This Act included the aspects of incorporation, regulation and winding up of companies and other associations. This act was also amended in the year 1882, 1913, 1936. In 1948, England passed a comprehensive Companies Act in England. By the mean ...
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Motivation Theories

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  Meaning The word motive derived from the word ‘motive’ which means any idea, need or emotion that prompts a man into action. It is something that moves a person into action and continues him in the course of action enthusiastically. Definition According to Dalton E. McFarland , “Motivation refers to the way in which urges, drives, desires, aspirations, strivings or needs direct, control or explain the behavior of human beings” Dubin has defined motivation as “the complex of forces starting and keeping a person at work in an organisation. Motivation is something that moves the person to action and continues him in the course of action already initiated” Maslow's theory of Hierarchy of Needs Abraham Maslow Abraham Maslow's hierarchy of needs is one of the best-known theories of motivation. Maslow's hierarchy of needs is a theory of motivation which states that five categories of human needs dictate an individual’s behavior. Abraham Maslow first introduced the concep...
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Concept of Motivation

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The term ‘motivation’ has been derived from the word ‘motive’. Motive may be defined as an inner state of our mind that activates and directs our behaviour. It makes us move to act. It is always internal to us and is externalized via our behaviour. Motivation is one’s willingness to exert efforts towards the accomplishment of his/her goal.  Definitions Fred Luthans defined motivation as a “process that starts with a physiological or psychological deficiency or need that activates behaviour or a drive that is aimed at a goal or incentive” . According to Stephen P. Robbins “motivation is the willingness to exert high levels of efforts toward organisational goals, conditioned by the effort ability to satisfy some individual need”. Importance of motivation Organisations are run by people . Hence, mangers cannot afford to avoid a concern with human behaviour at work. This is because the motivated employees are more productive and quality- conscious than apathetic ones. Motivation as a p...
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