Network topology is the way in which different devices, such as computers, routers, and switches, are arranged and connected in a computer network. It describes how these devices interact, either physically through cables and hardware or logically through the flow of data. The design of the topology is very important as it affects how efficiently … Read more
Arbitration is a process for resolving disputes without going to court. In this process, the people involved in a disagreement agree to choose a neutral third person, called an arbitrator, to listen to their arguments and make a decision. The decision made by the arbitrator is usually binding, which means both parties must follow it. … Read more
Liquidation is the process of closing a company and converting its assets into cash to pay off its debts. If there is any money left after paying the debts, it is distributed to the shareholders. Liquidation can occur due to the company’s inability to continue its business or when shareholders voluntarily decide to close it. … Read more
A public limited company is a type of company that can raise funds by issuing shares to the general public. It operates under certain legal requirements and is governed by the provisions of the Company Act 2063 of Nepal. Public limited companies usually have the following features: 1. Separate Legal Entity: The company is treated … Read more
An agency contract creates a relationship where one person (the agent) acts on behalf of another person (the principal). Both the principal and the agent have certain rights and duties. Here’s an explanation in simple terms: Duties of Principal 1. Pay the Agent:The principal must pay the agent the agreed salary, commission, or fees for … Read more
An agent is someone who works on behalf of another person, called the principal, to handle business or legal tasks. Normally, the agent is not personally responsible for the business because they act for the principal. Any agreements or actions by the agent are seen as the principal’s responsibility. There are some situations where an … Read more
A general meeting is a formal gathering of the shareholders or members of a company. It is held to discuss important matters about the company and to make key decisions. The meeting allows shareholders to stay informed, share their opinions, and vote on important issues. It is an important part of managing a company and … Read more
Arbitration is a way to solve disputes without going to court. In arbitration, an independent and impartial person, called an arbitrator, listens to both sides of the argument and makes a decision. This decision is legally binding, meaning both parties must follow it. Arbitration is commonly used in business because it is faster, more private, … Read more
An agent is a person or entity authorized to act on behalf of another person or entity, known as the principal, in conducting business, making decisions, or entering into contracts. The relationship between the agent and the principal is governed by an agreement (explicit or implied), where the agent acts within the scope of authority … Read more
An auditor checks a company’s financial records to ensure they are accurate and follow laws and rules. The key duties of an auditor are: 1. Check Financial Statements Review the company’s financial reports to ensure they are correct and follow accounting standards. 2. Follow Legal Rules Ensure that the company is following all financial laws … Read more