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Research Article

One-Person Company a New Business Opportunity in New Companies Act: A Panorama

Now, in India, an individual can establish and run a company, called “One Person Company (OPC)” which has been introduced with the enactment of the Companies (Incorporation) Rules, 2014 under the Companies Act, 2013. As a unique inclusion of new vista of business opportunity in new companies act for enjoying the advantages of separate legal entity and limited liability, it draws a good understanding the nuances of setting up, management and administration of OPC. OPC is a hybrid of sole proprietorship business and corporate business and is imperative as it would give the entrepreneurial capabilities of people an expeditious participation in economic activities in the form of companies. In spite of huge benefits available to OPC, it also suffers from some drawbacks. On selection an appropriate form of business entrepreneurship to be promoted in near future, the start-up entrepreneurs should make a comparative study about the different forms of entrepreneurships including the new business idea OPC. OPC being in the evolving stage, there would always be scope for further improvement. Keeping in mind these points of views both theoretical and practical knowledge, the present article is an attempt to discuss a few aspects of OPC in nut shell and designed with some core contents in the form of introduction, meaning and definition, salient features, benefits, drawbacks, a comparative study, basic steps for incorporation, development and ended with some concluding remarks. [Key Words: vista of business opportunity, entrepreneurial capabilities, expeditious participation, start-up entrepreneurs].

Published by: Prasanta Kumar Dey

Author: Prasanta Kumar Dey

Paper ID: V3I3-1147

Paper Status: published

Published: March 7, 2018

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Research Article

A Descriptive Study on the Doctrine of Lifting of Corporate Veil

From the juristic point of view, a company is a legal person distinct from its members [Salomon v. Salomon and Co. Ltd. (1897) A.C 22]. This principle may be referred to as the ‘Veil of incorporation’. The courts in general consider themselves bound by this principle. The effect of this Principle is that there is a fictional veil between the company and its members. That is, the company has a corporate personality which is distinct from its members. But, in a number of circumstances, the Court will pierce the corporate veil or will ignore the corporate veil to reach the person behind the veil or to reveal the true form and character of the concerned company. The rationale behind this is probably that the law will not allow the corporate form to be misused or abused. In those circumstances in which the Court feels that the corporate form is being misused it will rip through the corporate veil and expose its true character and nature disregarding the Salomon principal as laid down by the House of Lords. Broadly there are two types of provisions for the lifting of the Corporate Veil- Judicial Provisions and Statutory Provisions. Judicial Provisions include Fraud, Character of Company, Protection of revenue, Single Economic Entity etc. while Statutory Provisions include Reduction in membership, Misdescription of name, fraudulent conduct of business, Failure to refund application money, etc. This article at first introduces to the readers the concept of “Veil of incorporation", then it explains the meaning of the term-‘Lifting Of The Corporate Veil’, it then points out the Judicial as well as the Statutory provisions for Lifting of The Corporate Veil with the help of various case-laws.

Published by: R. Judith Priya, S. Susmitha, Subhicksha, B. Thenmozhi

Author: R. Judith Priya

Paper ID: V3I3-1142

Paper Status: published

Published: March 7, 2018

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Research Article

Financial Analysis and Performance of Indian Oil Corporation Ltd

Indian Oil Corporation limited owns and operates a network of crude oil and petroleum product pipeline in India. The company is mainly controlled by the Government of India which owns approx. 79% shares in the company. It has two divisions: Refineries Division and Marketing division. The main objective of this analysis is to determine the firm’s liquidity, solvency and financial position of the firm by using the tools like ratio analysis and common size balance sheet. Various ratios like current ratio, liquid ratio, absolute liquid ratio, turnover ratios have been used to measure the financial performance of the company. The data used in this analysis were collected from various magazines, audited reports and from websites. For better understanding of the analysis, the findings are interpreted in tables, charts and diagrams. As the shareholders invest in a company by knowing its financial performance, this analysis will be greatly helpful. This analysis also helps to make correct financial decisions, planning more efficiently and economically. This analysis consists of findings and interpretations to assists the company to improve its performance.

Published by: S. Ramya, N. Pooja priya dharshini, R. Pavithra Chandran

Author: S. Ramya

Paper ID: V3I3-1136

Paper Status: published

Published: March 7, 2018

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Research Article

Prepaid Electricity Meter using GSM Module

The antiquated approach for depositing of bills for consuming of electricity results in undesirable faults and wastage of time. So this paper represents the prepaid electricity meter using GSM Module to facilitate power utility and minimize the labor work.. Prepaid electricity meter can be used for monitoring of undeveloped and control household energy meter. This technique gives the data about the recharge amount of the consumer and stops the energy supply when amount of balance goes below than the threshold value .The data gets delivered and received by concerned energy Provider Company by the GSM network. The body which gives the supply receives the reading within few seconds without visiting consumer. Prepaid electricity meter reduces the number of regular visit. Prepaid electricity meter not only decreases labor cost but also increase meter reading efficiency and save huge amount of time .In traditional method faults are inevitable at every stage of depositing bill. Some faults are human errors at the time of noting the meter reading and while processing the paid bill .The research paper elaborates and describes the utility of prepaid electricity meter which is advantageous for the consumer to manage energy usage, to minimize faults and bill processing.

Published by: Annapurna Mishra, Avinash Kumar, Chetan Chaturvedi, Gautam Kamran, Ravi Kumar

Author: Annapurna Mishra

Paper ID: V3I2-1251

Paper Status: published

Published: March 3, 2018

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Research Article

Assessment of Heavy Metals in the Lungs, Hearts and Muscles of Cow from Abattoirs in Anyigba, Ejule and Ankpa

The recent widespread concern in human health due to the consumption of food product of animal origin has necessitated the need to monitor the level of heavy metal in animal tissues. This study was undertaken to evaluate the concentrations of heavy metals (Pb, Cd, Zn, Cu, Cr, Ni and Fe) in the Lung, heart, and Muscle of cow from selected abattoir in Anyigba, Ejule, and Ankpa in Kogi State, Nigeria, by using Atomic Absorption Spectroscopy (AAS). The levels of heavy metals in Lung, heart, and Muscle of cow have the following mean concentration 0.27, 0.29, 0.09 mg/kg Pb;0.22,0.14,0.09 mg/kg Cd;2.27,3.25,2.18 mg/kg Zn; 1.67,1.33,1.70 mg/kg Cu; 3.80,2.70,1.57mg/kg Cr. 0.72,0.75,0.71 mg/kg Ni and 56.7,58.92,62.04 mg/kg Fe; in Lung, Heart and Muscle respectfully in Ejule, 0.13,0.11,0.36mg/kg Pb; 0.29,0.91,0.06 mg/kg Cd; 2.12,1.66,1.74 mg/kg Zn; 2.48,1.98,2.10 mg/kg Cu; 2.39,2.09,1.40 mg/kg Cr: 1.29,0.90,1.66 Ni mg/kg and 72.60,66.90,72.38 mg/kg Fe in, Lung, Heart and Muscle respectfully in Anyigba, and 0.11,0.04,0.03mg/kgPb;0.03,0.04,0.03 mg/kg Cd; 1.99, 2.50, 1.78 mg/kg Zn; 2.08, 1.72, 0.39 mg/kg Cu; 0.75, 0.75, 0.39 mg/kg Cr: 1.03,0.74,0.79mg/kg Ni and 49.79, 44.49, 54.48 mg/kg Fe in Lung, Heart and Muscle respectfully in Ankpa. The concentrations of the metals in the various meat parts (lung, Heart and muscle) were significantly different (p<0.05). The concentrations of Pb, Cr, Ni, were higher (p<0.05) than the permissible limits set EPA and WHO respectively; while the concentrations of Zn, Cu, and Fe were lower than EPA and WHO. However, the determined concentrations compared favorably (p<0.05) with values found in literature.

Published by: Onoja P. K, Omede S. N., Ichado A. S. P

Author: Onoja P. K

Paper ID: V3I2-1157

Paper Status: published

Published: March 3, 2018

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Thesis

Compliance to the Iron Folic Acid Supplementation among Antenatal Mothers Attending a Primary Health Centre – A Community Based Cross Sectional Study

Pregnant women suffer from Iron deficiency anaemia. National programme of India proposes IFA supplementation to pregnant women for 100 days for safe motherhood. Success of such interventions depends on the compliance to intake. Health system and patient’s factors are determine the compliance status, which are not studied extensively. Limited adherence to therapy is denying success of supplementation. This study was carried out to assess compliance status and factors influencing it.

Published by: Priya Senthil Kumar, B. Yuva Priya

Author: Priya Senthil Kumar

Paper ID: V3I2-1201

Paper Status: published

Published: February 28, 2018

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Review Article

Toxicity by Silver Nanoparticles

The application of nanoparticles (NPs) has increased recently because of the important antimicrobial activities of these nanomaterials, allowing their use in several industrial sectors. Due to these applications. There is an increasing concern related to the biological impacts of the use of silver nanoparticles on a large scale and the possible risk to the environment and health. Now a days, some recent studies have been published based on the investigation of potential inflammatory effects, diverse cellular impacts of silver nanoparticles and other important issue related to nanoparticle toxicity. These nanoparticles damage the genetic material, by crossing the cell membranes. Therefore, there is an increasing interest in the analysis of potential nanoparticle toxicity. With the increasing application of NPs in medical contexts, it is becoming necessary for a better understanding of the mechanisms of silver NPs biological interactions and their potential toxicity. Some unique properties of silver NPs, such as antibacterial, antifungal, antiviral, anti-inflammatory activity and toxicity to invertebrates and vertebrates are discussed in this article. Finally, Potential toxicology considerations of Ag NPs, both in vitro and in vivo, are also addressed.

Published by: Sonal Bhasker More, Pooja Belapurkar, Gaurav Patil, Mahalaxmi Mohan

Author: Sonal Bhasker More

Paper ID: V3I2-1241

Paper Status: published

Published: February 28, 2018

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Review Article

A Review on Diabetic Neuropathy

Diabetic neuropathy (DN) is the most common and multifactor complication of diabetes mellitus. It is late finding in type I diabetes and can be an early finding in type II diabetes. It is characterized by hyper responsiveness to pain typically originating in the extremities, progressive loss of neuronal function. The exact etiopathogenesis of diabetic neuropathy is dependent on many factors such as hyperglycemia, neuronal loss, alteration in neurotransmitters and growth factors. Other mechanism include, insulin deficiency, oxidative stress, nitrosative stress, ischemia, osmolytic accumulation, neurotropic factor deficiency, autoimmune nerve destruction, alteration in cellular signaling pathways and gene expression of proteins. The main risk factor for diabetic neuropathy is hyperglycemia. Good control of hyperglycemia, blood pressure and dyslipidemia is important for prevention and reducing progression of neuropathy. Although current treatment focusses on pain management, attention should be paid to potential risk factors for neuropathy. For eg. glycemic control, hyperlipidemia, and hypertension should be managed with diet, exercise and medication.

Published by: Pooja Belapurkar, Sonal More, Gaurav Patil, Mahalaxmi Mohan

Author: Pooja Belapurkar

Paper ID: V3I2-1239

Paper Status: published

Published: February 28, 2018

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Research Article

The Effect of Store Image and Private Label Brands on Sales of Women’s Apparel in Bangalore

Private label brands also known as house brands, own brands and store brands are products that are created, controlled and marketed by a specific retail chain. In this research we will be using the secondary method to find whether the sales of a private label brand depend on the store or whether it has its own brand image and how the preference impacts the sales. We will also find the future of PLBs and the emerging trends in this type of branding. Though the private labels have reached their peak in recent days, in the past of this type branding was a great failure. Since it failed in the past we faced certain amount of difficulty in collecting the data, which was a hindrance in doing the research. The motive of the research is to find the effects of PLBs in retail store and its impact on sales. The gap found in this research is that there is link between the sales, ambiance, perceived price, perceived quality and other external factors thataffect the house brands which wasn't undiscovered from sellers point. The significant factor which drew us in starting this paper was that, there are no such researches on women apparel specifically in ethnic segment of Indian market.

Published by: Shivangi Agarwal, Yashika Agarwal, Isha Patel

Author: Shivangi Agarwal

Paper ID: V3I2-1237

Paper Status: published

Published: February 28, 2018

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Research Article

Ethnograpgy of Gora Village, Lalitpur District, Uttar Pradesh: With Special Reference to Caste Discrimination

This paper deal with a brief overview of Lalitpur district, Demographic and socio - economic profile of Gora village. Also find out the discriminatory behavior of the upper caste people towards lower caste people according to their level of social, political, cultural and economic perception. This study conducted in Gora village of Lalitpur district, Uttar Pradesh. Bundelkhand is known as a drought prone area, but this region is also famous for its folklores. Despite the problems such as poverty, economic deprivation, hunger; people of this region celebrate each and every festival with proper tradition with enthusiasm. The data, in this paper, is presented using both tables and graphs for easy comprehension. The study reveals that the Gora village is very poor thus presenting a very different and unique picture of the research.

Published by: Anjana Singh Rajpoot

Author: Anjana Singh Rajpoot

Paper ID: V3I2-1235

Paper Status: published

Published: February 28, 2018

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