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  MUTUAL FUND SCHEMES BASED ON INVESTMENT OBJECTIVE Income Oriented Mutual Fund:  These funds offer a fixed income to investors and it has  lower risk as compared to growth funds. Under this scheme, the Asset Management  Company invests funds income oriented schemes like Bonds, Debentures, Government  Bonds & securities and commercial papers. Features (i) These schemes are generally have lesser risk as compared to Growth schemes. (ii) These schemes give fixed income. Growth oriented Mutual Fund: These funds offer capital appreciation over a period. Under  this scheme, the Asset Management Company invests funds in the equity shares which  have significant growth potential. Despite good return under this mutual fund scheme, there  is no assurance or guarantee of return. In other words, it is a scheme which has high risk  and high return.                              ...

  Securities Exchange Board of India   INTRODUCTION   SEBI is a body corporate having perpetual succession and a common seal with power to  acquire, hold and dispose of property, both movable and immovable and to contract,  sue and be sued in its own name. Its Head Office is at Mumbai and is empowered to establish its offices at other places in  India. SEBI presently has offices also in Ahmedabad, Jaipur, Kolkata, Guwahati,  Bhubaneswar, New Delhi, Chennai and Bengaluru. OBJECTIVE OF SEBI i. Protecting the interests of investors in securities; ii. Promoting the development of the securities market; and iii. Regulating the securities market.                                                            COMPOSITION OF SEBI i. A Chairman; ii. 2 members from Ministry of Central Government dealing with finance ...

  Functions of the State Pollution Control Board • Planning a comprehensive programme for prevention control and abatement of pollution of streams and wells. • Advising the state government regarding water pollution control or location of industries. • Conducting and encouraging investigations and research relating to different aspects of water pollution. • To collaborate with the Central Board for training personnel for handling water pollution programmes and organizing related mass education programmes. • Inspecting trade effluents and wastewater treatment plants. • Prescribing effluent standards for the sewage and trade effluents. • Evolving economical and reliable methods of disposal treatment and reuse of wastewater.                                                                     • Laying down the standard...

                        Steps for Registration of Society 1) Selection  Name for the Society A name should be selected for the society keeping in mind the following points: => Cannot use identical or similar name of a currently registered society => The name shall not suggest any connection with State Government or Government of India => It shall not contravene with the provisions of the Emblem & Names Act, 1950. 2) Draft Memorandum of Association contain:-  a. Name of the society; b. Objective of the society; c. Names, addresses & occupation of the members of the governing body, d. Place of registered office of the Society, and e. Names, addresses and full signatures of the 7 or more persons subscribing their names to the MOA. Their signatures should be witnessed.                                       ...

                                          FORMATION OF A SOCIETY How to make society :-  Under Section 1 of the Societies Registration Act, 1860, any 7 or more persons who have  come together for any legal pursuits, including literary, scientific, charitable or social  pursuits, may subscribe their names to a memorandum of association and file the same  with the Registrar and form themselves into a society under this Act.  The MOA filed with the Registrar should contain details such as the name and objectives of the society, names, addresses and occupations of the members of the governing body with which the management of the affairs of the society is entrusted.  A copy of the rules and regulations of the society should be provided. With the completion of these processes, the society could be registered with the Registrar after payment of a fee as specif...

  Consequences of Registration or Non-Registration of the Society The Societies Registration Act, 1860 lays down procedure for registration of societies for various bonafide purposes. The registration gives the society a legal status and is essential for:  => obtaining registration and approvals under Income Tax Act;  => lawful vesting of property in the societies;  => provides authenticity and recognition to the society before all authorities . => for opening bank accounts and transaction of business.Effect of Registration => Only after registration, the internal rules & regulations and bye – laws bound its members.                                                                     => The society can undertake only the activities which are mentioned in its objects. => A non...

   What is society, it's advantages & disadvantages  A society is an association of persons united together by mutual consent to deliberate, determine and act jointly for some common purpose.  Societies are usually registered for promotion of charitable activities like education, art, religion, culture, music, sports, etc.,  In India, The Societies Registration Act, 1860 lays down the procedure for society registration and operation in India.  The Act has been adopted by most of the State Governments with/without modifications as considered by the respective State Governments. According to Section 20 of the Societies Registration Act, 1860, societies can be formed for the following purposes:  i. Charitable societies,  ii. The military orphan funds or societies established at the several presidencies of India,  iii. societies established for the promotion of science, literature, or the fine arts for instruction, the diffusion of useful kno...