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To avoid this and to enhance the cleaning of city.The objective of the project is
to develop a autonomous Robot and implement smart garbage management based on
following technology. The scope of an automatic Robot is to navigate through line
track and then navigate along the road with white and black line. The successful
follower should traverse the entire track ranges. It will be implement Remote
navigation of robotic control.In this system is developed by PIC micro-controller.
We can sense the line track using IR sensor . Process and control the servo
motor, using servo drives. One free wheel is used to stable the Robot. All the processes
are done with the support of embedded c programming. This will help to manage the
garbage collection efficiently.
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INTRODUCTION
In today's era as we know that where countries are developing at a rapid rate a
lot of unwanted waste is being generated like electronics, plastics and many
biodegradable products. Waste management being the utmost spurned factors in
developing countries creates an urgency to address this problem. In metropolitan or city
areas, the clearance of waste management has been a grind task for the majority of the
country all over the world. There is need of a well- organized waste clearance system is
mandatory by keeping green environment. There are many existing expertise
mechanism are available for handling as well as managing waste. But, the lacking for
gathering information is a major challenging task. This flounder will perturb the quick
nationwide rate of growth in heaped urban areas as well as its growing demand for the
citywide ecological and environmental protection. This is a major challenging in waste
management system to create a prototype because of the paucity of planning and
systematization among government, people and local authority for shipping and
processing waste. Currently the waste gathering is conventional which acquire a lot of
labours and is time overwhelming process.
The Smart garbage collection bin also works in the same way with the
amalgamation of sensors including ultrasonic sensor and IR sensor that predicts and
gives a signal for its garbage level and determines the absolute path respectively. The
main cynosure of this research is to design a highly cost effective and utilitarian waste
management system which shall make regulation and picking up of the garbage as easy
and convenient as possible. In the following sections, the methodology of the system
will be elaborated along with the description of the hardware used. The design of the
system, the algorithm, and the flowchart will follow the hardware description.
BLOCK DIAGRAM
2
IR SENSOR IR SENSOR
MICRO CONTROLLER
DRIVE DRIVE
SERVO MOTOR
MOTOR 1 11 MOTOR 2
3
POWER SUPPLY
+6V
4X1N 4007 1 3
+5V
IC 7 8 0 5
2
O N /O F F
+ +
- +
+ 1 0 0 0 M F D \5 0 V 0 .1 M D F 1 0 0 M F D \2 5 V
6V BA TTE R Y
CHARGER
4X1N 4007
+12V
560E
- +
+ TO
A C 220V B A T T ER Y
1 0 0 0 M F D \5 0 V
LED P
12V / 500m A
4
MICROCONTROLLER UNIT
5
INTRODUCTION OF EMBEDDED SYSTEM
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EMBEDDED SYSTEM
7
MICROPROCESSOR Vs MICROCONTROLLER
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PIC (PERIPHERL INTERFACE CONTROLLER)
PIC (Peripheral Interface Controller) is the IC which was developed to control the
peripheral device, dispersing the function of the main CPU.
When comparing to the human being, the brain is the main CPU and the PIC shares the
part of which is equivalent to the automatic. However, the through out, the memory
capacities are not big. It depends on the kind of PIC but the maximum operation clock
frequency is about 29 MHZ and the memory capacity to write the program is about 1k
to 4k words. It is possible to make the compact circuit when using PIC.
The point which the PIC is convenient for the calculation part, the memory, the
input/output part and so on is incorporated in to one piece of the IC.
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The efficiency and the function are limited but can compose the control unit only
by the PIC even if it does not combine the various IC’s. So the circuit can be
compactly.
Microchip offers five families of MCUs to best fit your application needs:
PIC12CXXX 8-pin 12-bit/14-bit program word
PIC16C5X 12-bit program word
PIC16CXXX 14-bit program word
PIC17CXXX 16-bit program word
PIC18CXXX enhanced 16-bit program word
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PIC16F917 BLOCK DIAGRAM
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The PIC16F917 has 40 pins. These 40 pins can be connected to different ports
like PORTA, PORTB, PORTC, PORTD and PORTE. Apart from these it can be used
for transmitting and receiving different analog signals. Oscillators, Capacitors,
Resistors of varying value can be used with this. The ports in this can be configured as
either an output port or as an input port .If it is configured as output port either LED’s
or LCD’s or seven segment displays can be used to view the output. If the ports are
configured as input then signals can be received by using keys. These ports have 3-8
pins. Port A, B, C, D has eight pins each and Port E has only 3 pins. Supply of +5v are
used in pins 1 and 32 where a resistor of 1K is used in pin 1.Similarly pin 31 is used as
ground. This IC is particularly used for storing values in its memory. RTC (Real Time
Clock) is an added feature. When there is a need to use five ports or lesser than five
ports we can always go for 877 since it gives us an advantage to use EEPROM, RTC
and different types of input and output.
Oscillators
There are 4 common oscillator modes that are available on most PIC micro
devices. HS, XT, LP and RC.
These modes support crystals, canned oscillator modules, some resonators or the
use of an external resistor and capacitor as a clock source. When using a crystal or
resonator, other components such as capacitors may be needed. The XT mode stands
for “Crystal” mode and will produce a medium drive level. It is designed to be used
with crystals and resonators of about 1 to 4 MHz XT mode has moderate power
consumption since its drive level is lower than that of HS mode, and because a lower
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clock speed is produced. Remember, as a rule: the faster the clock used, the more
current the application will require.
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POWER SYSTEM
In this circuits we need two power supplies .All ICs are worked on regulated DC
power 5v with GND. Relay derive worked on dc 12v with GND .This unit consist of
battery, rectifier, filter & regulator. Battery voltage typically 12v RMS is connected to a
Diode rectifier then provides a bridge rectified voltage that is initially filtered by a
simple capacitor filter to produce a DC voltage. This resulting DC voltage usually has
some ripple or Ac voltage variations. A regulator circuit can use this DC input to
provide DC voltage that not only has much less ripple voltage but also remains the
same DC value even the DC voltage varies some what,. OR the load connected to the
output DC voltages changes.
BLOCKDIAGRM:
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Battery Rectifier Filter Regulator
BATTERY:
A battery is a static power source Robots electric system. It works with the
principle of charging and discharging. In our project we are using maintenance free dry
battery for providing a necessary supply for the electronic circuits .In our project we
are using a 6V.
RECTIFIER:
The reverse protector obtained from a battery input can be improved 100% using
a process called full wave rectification. It uses 4 diodes in a bridge configuration. From
the basic bridge configuration. we see that two diodes (say D2 &D3) are conducting
while the other two diodes (D1&D4) are in “off” state during the period t = 0 to
T/2.Accordingly for the negative of the input the conducting diodes are D1&D4.Thus
the polarity across the load is the same.
FILTER:
The filter circuit used here is the capacitor filter circuit where a capacitor is
connected at the rectifier output, and a DC is obtained across it .The filtered wave form
is essentially a dc voltage with negligible ripples, which is ultimately fed to the load.
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REGULATOR:
The out put voltage from the capacitor is more filtered and finally regulated. The
voltage regulator is a device, which maintains the output voltage constant irrespective
of the changes in supply variations, load variation and temperature changes. Here we
use one fixed voltage regulator namely LM7805.The IC 7805 is a+5 voltage regulator.
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ea compensation
Available in TO-220, TO-39, and TO-252 D-PAK packages
Output voltages of 5V, 12V, and 15V
Output current in excess of 0.5A
The Robot must use two motors and one free wheel.
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AUTONOMOUS ROBOT
Autonomous Robots are Robots which can perform desired tasks in unstructured
environments without continuous human guidance. Many kinds of Robots have some
degree of autonomy. Different Robots can be autonomous in different ways. A high
degree of autonomy is particularly desirable in fields such as space exploration, where
communication delays and interruptions are unavoidable. Other more mundane uses
benefit from having some level of autonomy, like cleaning floors, mowing lawns, and
waste water treatment.
Some modern factory Robots are "autonomous" within the strict confines of their
direct environment. Maybe not every degree of freedom exists in their surrounding
environment but the work place of the factory Robot is challenging and can often be
unpredictable or even chaotic. The exact orientation and position of the next object of
work and (in the more advanced factories) even the type of object and the required task
must be determined. This can vary unpredictably (at least from the Robot's point of
view).
One important area of Robots research is to enable the Robot to cope with its
environment whether this is on land, underwater, in the air, underground, or in space.
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A fully autonomous Robot has the ability to
Gain information about the environment.
Work for an extended period without human intervention.
Move either all or part of itself throughout its operating environment with human
assistance.
Avoid situations that are harmful to people, property, or itself.
An autonomous Robot may also learn or gain new capabilities like adjusting
strategies for accomplishing its task(s) or adapting to changing surroundings.
Self-maintenance
The first requirement for physical autonomy is the ability for a Robot to take
care of itself. Many of the battery powered Robots on the market today can find and
connect to a charging station, and some toys like Sony's Aibo are capable of self-
docking to charge their batteries.
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Optical
Contact
Some Robots lawn mowers will adapt their programming by detecting the speed in
which grass grows as needed to maintain a perfect cut lawn, and some vacuum
cleaning Robots have dirt detectors that sense how much dirt is being picked up and
use this information to tell them to stay in one area longer.
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Principles how a robot can follow a guideline
A robot seeks a guideline by riding on a spiral trajectory until it crosses. Even then
the robot starts to follow a given guideline.
There are three fundamental situations that could happen:
left right
sensor sensor
1) Being on a line… L R
2) Loosing a line…
Approaching a curve, a right sensor
left right
sensor sensor
L R
Loosing a line
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3) Outside of a line…
If a curve is too sharp (it means a robot’s
turning radius is greater than a curve
radius of the line), a robot can loose the
L R
guideline and it is outside of it. It
left right
sensor sensor
MATHEMATICAL MODEL
Objective
The dimensions of the Robot had to be within those specified in the competition.
The Robot had to fit within a 1-foot square and could not exceed 1 feet in height. It had
to be totally autonomous, couldn’t transmit or receive signals to or from the outside of
the playing area, and could not be equipped to intentionally harm its opponents. It also
couldn’t carry any onboard cameras. The main goal of this work, keeping in mind the
requirements of the competition, was to cover as much of the playing area as possible
within the shortest time so that the maximum points could be scored. The Robot that
was built placed second among eleven other competitors from different schools.
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Types of Robots Behaviors and Controllers
A mobile Robot could be modeled in numerous ways, but the most important
factor for defining the model would be the application and the complexity involved.
The mobile Robot designed in this work is a wheeled Robot intended for indoor use as
opposed to other types (legged, airborne, and submersible mobile Robots). This Robot
type is the easiest to model, control, and build. There are various behaviors that could
be modeled, like wall following, collision avoidance, corridor following, goal seeking,
adaptive goal seeking, etc. With the competition in mind we thought of implementing a
wall following Robot. This Robot would follow the boundaries of the playing area and
cover a maximum area in a predefined path programmed into its onboard
microcontroller.
Various control techniques have been proposed and are being researched. The
control strategies of mobile Robots can be divided into open loop and closed loop
feedback strategies. In open loop control, the inputs to the mobile Robots (velocities or
torques) are calculated beforehand, from the knowledge of the initial and end position
(and of the desired path between them in the case of path following). This strategy
cannot compensate for disturbances and model errors. Closed loop strategies, however,
may give the required compensation since the inputs are functions of the actual state of
the system and not only of the initial and end points. Therefore disturbances and errors
causing deviations from the predicted state are compensated by the use of the inputs.
Of the many available closed loop control systems, including P (proportional) control,
PI (proportional integral) control, and PID (proportional integral derivative) control,
artificial intelligent control was selected as it was easiest to implement for a highly
nonlinear Robot model.
Based on its design simplicity, its ease of implementation, and its robustness
properties, a artificial intelligent controller is used in this paper to control the
navigation behavior of an autonomous mobile Robot.
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Hardware Model Description
The Robot has two wheels on its sides which are driven separately by two
modified servo motors, and there is a roller wheel in front for balance as well as for
smooth turning. The two servo motors used are manufactured by MPI and are rated at 6
VDC. These are run using PWM signals generated from the PIC16F877
microcontroller. A pulse with a 15 ms time period and an on -time of 1500 us will stop
the rotation of the motors. If the on-time of the pulse is changed from 1500 to 1000 us
the wheel rotates with increasing velocity in the clockwise direction. Similarly if the
on-time of the pulse is changed from 1500 to 2000 us the wheel rotates with increasing
velocity in the anticlockwise direction. The sensors used on the Robot are TRX04
ultrasonic range finder, two on a side and one in the front. The transmitter works by
transmitting a pulse of sound outside the range of human hearing at 40 KHz. This pulse
travels at the speed of sound away from the ranger in a cone shape and the sound
reflects back to the ranger from any object in the path of sonic wave. If received back
at the ranger, the ranger reports this echo to the microcontroller and the microcontroller
can then compute the distance to the object based on the elapsed time.
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Due to the hardware limitations it is not possible to achieve good Robot control
results by doing the fuzzy calculations on board the autonomous Robot, as the system
clock is only 4 MHz. This results in about 0.4 seconds to complete the whole process
of fuzzification and defuzzification, and thus the response of the system in real time is
too slow to allow the Robot to attain a steady state. Thus we have used a lookup table
instead for artificial intelligent control, and also two PIC16F77 chips are used. One is
exclusively used to generate the PWM signals to run the two servo motors.
IR Sensors
2.2.1.1 IR Emitter:
2.2.1.2 IR Detector:
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L293D Motor Driver
The L293D is a high voltage, high current four channel driver designed to accept
standard TTL logic levels and drive inductive loads (such as relays solenoids, DC and
stepping motors) and switching power transistors. The L293D is suitable for use in
switching applications at frequencies up to 5 KHz.
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Features Include:
WEBSITE REFERENCE
www.datasheetarchive.com
www.microchip.com
www.google.com
BOOK REFERENCE
3. Embedded C by jerk
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MPLAB
INTRODUCTION
MPLAB CONSISTS OF
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REQUIREMENTS
HITECH C
INTRODUCTION
FEATURES
1. A single batch file or command file will compile, assemble and link entire
programs.
2. The compiler performs strong type checking and issues warnings about
various constructs which may represent programming errors.
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4. A full run-time library is provided implementing all standard C
input/output and other functions.
Conclusion
In this project we have studied and implemented a Line Following Robot using a
Microcontroller for garbage management system. This project is devised to render the
task of muck collection from differing places and then dump it at a particular location
from where the muck is conveniently taken for the action of reusing and recycling. By
intimating the notification of level of garbage filled in the fixed dustbin to the garbage
car, we can decrease the number of trips of the garbage collecting vehicle, thus saving
power and money. Thus, by implementing this project in real time scenarios we can
make a contribution towards the enhancement of Smart City Project, thereby making
the dream of CLEAN INDIA GREEN INDIA come true.
Future Enhancement
After this stage of enactment, we can moreover take this project to a higher level.
First of all one thing we can execute or accomplish is making use of a navigation
system that is GPS based instead of using the black line that the robot follows. Other
thing is that this project is limited to just a single platform or single storied building
and in future this can be made to work in multi-storied buildings. For this there will be
a requirement of a robot that can climb on different floors. This technique would be a
very effective implementation for this project.
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ENTREPRENEURSHIP
Basics of Entrepreneurship
It is a well-known fact that the scope of for absorbing the ever increasing number
of unemployment in government departments is very much restricted on account of
various factors. Absorption of unemployment people government service takes place
either on account of retirement of the existing staff or due to launching of development
programs. The employment so generated covers only a segment of the unemployed.
The private sector is also offering very little opportunity to the young unemployed
people due to various reasons. In such adverse situation the Indian youth has to wage a
bitter fight to solve the problem of unemployment.
Role of entrepreneurship
An entrepreneur is a part of industrial society. He is responsible for not only
making his own source of live hood but also for creating avenues of employment for
others and making additions to the gross national product. If a larger number of
entrepreneurs set up enterprise of their own, there is a great deal of transformation of
an area. The industrial entrepreneurs are thus the agents of charge in removing back
wardens and disparities of an area. An entrepreneur has a great social responsibility.
An enterprise consists of not only those who manage it but a host other segments of
society, workers, consumers, the state and the surrounding community.
Some of the qualities are inherent but the others are mostly acquired. Broody
speaking four qualities are the most important one, e.g. intelligence, motivation,
knowledge and opportunity. While the first one is inherent, a continuous process
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generally gains the knowledge, the qualities of entrepreneurs further be sub-divided as
under
Capacity to take risk
Capacity to work hard
Desire for deferred consumption
Capacity to take advantage of an external situation
Imagination
Emulation
Initiative
Sociability and flexibility
Inventive ability and
Knowledge, both informative and technical.
Expectation
Small – scale industries facilitate production of consumer goods locally and help
reduction of prices. Some of the important measures of assistance now available are
briefly noted below:
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2. Assistance for obtaining raw materials: small – scale units are helped to
obtain controlled indigenous raw materials through state director of
industries and imported raw materials through State Trading Corporation
of India (STC).
3. Supply of machinery Hire Purchase: The National Small Industries
Corporation (NSIC) is giving assistance to small scale units by supplying
machinery to them on deferred credit basis.
4. Marketing assistance: SS units are helped to market their products through
Trade centers and by participating in government’s Stores Purchase
Program me.
5. Assistance to small entrepreneurs: Entrepreneurial Development
programmer is conducted by SSI and Small Industries Development
Organization (SIDO) to give necessary training to young entrepreneurs.
District Industries Centre (DIC) provides under a single – roof all the
services and support required by the small and village industries at pre –
investment, investment, investment and post investment stages.
6. Financial assistance : SS units are helped by providing various financial
assistance like loans, subsides, and hire – purchase scheme through
various agencies like State Finance Corporation NSIC, State Directorates
of Industries, commercial banks, Industrial Development Bank of India
(IDBI) , and National Bank for Agricultural and Rural Development
(NABARD) .
7. Special incentives: Special inducements like the following are offered by
the government for development of entrepreneurship.
a. Capital subsidy up to 15% in backward areas
b. Income Tax exemption for five years.
c. Exemption from Central excise duty.
d. Deduction of depreciation from net profit.
e. Concessions in Stamp duty.
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f. License to import raw material.
Self-employment schemes
The following are the four important government schemes for prompting self-
employment.
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The objective of the scheme is to encourage the educated
unemployed youth to undertake self-employment ventures in industry, service
and business through provision of a package of assistance.
The scheme covers all unemployed youth who are matriculates and above,
and in the age group of 18 to 35 years. District Industries Centers (DIC) are
assigned the operational responsibility of the scheme.
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Product Selection
A prospective entrepreneur should first prepare a shore list of product lines that
he wants to establish. Then, he should select the product to be manufactured based
upon market survey and demand survey, financial implementations involved, technical
know-how available, and his own experience in the line.
Plant Layout
Plant layout means the disposition of the various (equipments, material,
manpower, etc) and services of the plant within the area of the site selected. Plant
layout begins with the design of the factory building and goes up lathe location and
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movement of a worktable. All the facilities like equipments, raw material, machinery,
tools fixtures,
Workers, etc, are given a proper place. In deciding the place for equipment, the
supervisors and workers who nave to operate them should be consulted.
These are:
1. Placement of facilities in a logical and balanced manner.
2. Minimum movements for workers and materials
3. Smooth and continuous flow of operations
4. Optimum space utilization.
5. Flexibility
i. Private Limited Company
ii. Public Limited Company
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Each one has its own advantages and disadvantages. An entrepreneur’s choices
of the type of the organization will primary depend upon the nature of the business to
be started and his own preferences together with the amount of capital he can
contribute.
Registration
The prospective entrepreneur in the small – scale sector need not obtain any
Industrial Licenses, provided the item of manufacture is not governed by special
regulations. However, to facilitate identification, the Directorate of Industries (through
District Industries Center - DIC) issues certificates registering a unit as a Small Scale /
Ancillary / Tiny Unit.
Registration is done is two stages, Via, provisional and permanent. The issue of
Provisional certificate almost automatic, with Unit / ail validity of 6 months and with a
further extension for another 6 months.
Financial Assistance
With a view to ensure adequate of funds, the small scale Industrial frame work
for the flow of Financial Assistance to small
scale sector comprises of banks (Commercial Banks, Co-Operative banks, Regional
rural banks). State Financial Corporation, National Small Industries Corporation INSIC
and State Small Industries Corporations (SSIDCS).
The NSIC and SSID’S provide Financial Assistance in the form supply of Machinery
and hire purchase basis.
A National Bank of Agriculture and Rural Development (NABARD) has
recently been setup to meet the financial requirements of artisans, Small Scale
Industries, Industries those engaged in the field of Handicraft and other rural craft.
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Commercial Banks
The Reserve Bank of India issued instructions that no worth wile proposals of
the Small scale unit should be rejected merely on the ground that these are not
supported by adequate security. The commercial Banks have been advised by the
Reserve Bank of India to give special Attention to the needs of the priority sector
borrowers, particularly of the weaker section.
Small scale Industrial units also being charged lower rates of interest on their
borrowings from commercial Banks.
Lead Banks
The Scheme is designed to enable the bank to work effectively as an Instrument
of development. Under the scheme, the district in the country have allocated to
different commercial banks each of whom is expected to act as a consortium and as a
leader of the financial institutions operating in allotted districts in matters relating to
deposit mobilization, identifying of prospective avenues for financial assistance and
ensuring adequate credit flow for the various development programs of the districts.
Institutional support
The success of Small Scale industries depends solely on the well – established
institutional setup. In order to accelerate the small industries development, government
at the central and state levels has setup a number of development agencies /
institutions. Functions of some these are mentioned.
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1. District Industries Center (DIC)
Each district has a DIC at its headquarters. The main responsibility of DIG is to
act as the chief coordinator or multi functional agency in; respect of various
governments can get all assistance from DIC for setting up and running the
industry in rural areas. Each DIC has one General Manager in the rank of Joint
Director of industries as the head and seven managers each looking after separate
functional area.
Identification of Entrepreneurs.
Selection of Projects
Provisional registration under SSI
Purchase of fixed Assets
Clearances from Various Departments.
Assistance of Raw Material supplies.
Interest – Free Sales Tax Loan
Subsidy Schemes.
Training Programs
Self – employment for Unemployed Educated Youth.
District Industries Centers are supposed to provide pre – investment and post –
investment assistance to entrepreneurs under one roof.
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Functions
The main functions of the SIDCD are co-ordination, industrial development and
industrial extension service. Some important functions are:
a. To assess the requirements of indigenous and imported raw materials and
components for the small-scale sector and to arrange their supplies.
b. To collect data on consumer items, which are imported and encourage the setting
up of new units giving them coordinate assistance.
c. To prepare model schemes, projects reports and other Technical literature for
prospective entrepreneurs.
d. To assist and advise the Controller of Capital issues in regard to the issue of
import licenses and the imposition of import restrictions on various products
whose manufacture has already been undertaken indigenously be the existing or
new units.
e. To secure reservations of certain products for the SSIS.
Sole Proprietorship
Ownership when applied to an industrial enterprise means title to and
possessions of the assets of the enterprise, the power to determine the policies of
operation, and the right to receive and dispose of the proceeds.
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It is called a single ownership when an individual exercise and enjoys these
rights in his own interest.
A business owned by one man is called single ownership.
Single ownership does well for those enterprises, which require little capital and
lend themselves readily to control by one person.
Examples of enterprise run by single owner are printing press, auto retail trades,
service industries and small engine forms.
In single ownership, one person contributes the original assets to start the
business, maintains and controls business operation, reaps full benefits in terms
of profit and full liable for all debts associated with the business.
Partnership
A single owner becomes inadequate as the size of the business enterprise grouse.
He may not be in a position to do away with a1 the duty and responsibilities of
the grown business.
At this stage the individual owner may associate with him more persons who
have either capital to invest or possess special skill and knowledge to make the
existing business still more profitable.
Such a combination of individual traders is called partnership.
Partnership may be defined as the relation between persons who have agreed to
share the profits of a business carried on by all or any of them acting for all.
Individuals with common purposes join and partners and they put together their
property, ability, skill, knowledge, etc, for the purpose of making profits.
In brief, partnership is an association of two or more (up to 20) persons to carry
an as co-owners of a business for profit.
Partnerships are based upon a partnership agreement which i.e. generally
reduced to writing.
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It should cover all areas of disagreement among the partners. It should define the
authority, right and duties of each partner.
It should specify how profit and losses will be divided among the partners, etc.
Private Limited
The capital is collected from the private partners; some of them may be active
while others are sleeping.
Private limited restrict the right to transfer shares, avoids public to take up shares
or debentures.
The number of members is between two and 50, excluding employee and ex-
employee, share holders.
The company need not file document such consent of directors, list of directors,
etc. the register of joint stock companies.
The company need not obtain from the register, a certificate of commencement
of business.
The company need not circulate the balance sheet, profit and loss account etc,
among its members, but it should hold its annual general meeting and place such
financial state rents in the meeting.
A private company must get its accounts audited.
A private company has to send a certificate along with the annual return to the
register of joint stock companies stating that it does not have shareholders more
than 50 excluding the employee and employee shareholders.
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Actually, a private joint stock company resumes much with partnership and has
the advantage that big capital can be collected than could be done so in
partnership.
Public Limited
In public limited company, the capital is collected from public by issuing shares
having small face value (Rs. 50,20,10).
The number of share holders should not be less than 7, but there is no limit to
their maximum number.
Co-operatives
The main aim of the co-operative is to eliminate profit and provide goods an
services to the members of the co-operative cost.
Members pay fees or buy shares the co-operative, and profits are periodically
redistributed to them.
Since each member has only one (unlike in joint stock companies), this avoid the
concentration of control in few hand.
In a co-operative, there are share holders, a board of directors and elected
officers similar to the corporation.
There are periodic meetings of share also.
Special laws deal with the formation and taxation of co-operatives.
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Co-operative organization is a kind of voluntary, demo craft ownership formed
by some motivated individuals for obtained necessities of every day life at rat.es
less than the market. The principle behind the co-operative is that of co-
operation and self.
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