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प्रश्न
Answer in brief.
Explain the different types of companies on the basis of the liabilities of members.
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उत्तर
The different types of companies on the basis of liabilities of members:
(1) A company limited by Shares: A company in which the liability of each member is limited or restricted to the extent of the unpaid part of the face value of shares purchased by him is called the company limited by shares. The company during its existence or in the event of insolvency or Winding up can ask its member to pay the remaining unpaid amount due on the shares held by them. In this company, the liability of the directors may be unlimited. A company limited by shares may be a public company or private company. Most of the companies in India are companies limited by shares.
(2) Company Limited by Guarantee: A company in which its members give a guarantee to pay a fixed or specified sum of money in the event of its liquidation is called company limited by guarantee. Profit-making is not the aim of such companies. They are usually formed to promote activities in art, science, culture, literature, sports, education. Religion or charity etc.
(3) Unlimited Liability Company: A company in which liability of members is unlimited as partners in the partnership firm, is called a company with unlimited liability In the event of insolvency of the company, creditors may recover their dues from the private property of the members/partners. This company may or may not have share capital. However, this type of company does not exist in India.
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
The liability of shareholders in the public limited joint stock company is ________
Select the correct answer from the options given below and rewrite the statement.
The ______ is/are elected representative of shareholders who manage affairs of company.
Select the correct answer from the options given below and rewrite the statement.
State Bank of India is the example of _________ Company.
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Sole Trading concern | 1) 1932 |
| b) Joint Hindu Family Business | 2) Partner |
| c) Partnership Act | 3) Artificial person |
| d) Joint Stock Company | 4) 1923 |
| e) Co-operative Society | 5) Karta |
| 6) Natural person | |
| 7) Single Ownership | |
| 8) Equal voting rights | |
| 9) Multiple ownership | |
| 10) Minimum 9 members |
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Private company | 1) 51% share capital held by Government |
| b) Public company | 2) Bank of England |
| c) Government company | 3) Maximum 200 members |
| d) Statutory Company | 4) Minimum 7 members |
| e) Limited Liability Partnership | 5) Maximum 100 members |
| 6) Minimum 5 partners | |
| 7) 40% share capital | |
| 8) Minimum 5 members | |
| 9) Life Insurance Corporation | |
| 10) Minimum 2 partners |
Write a word or a term or a phrase which can substitute the following statement.
The owner who is the sole manager and decision maker of his business.
Write a word or a term or a phrase which can substitute the following statement.
An artificial person created by law.
Write a word or a term or a phrase which can substitute the following statement.
The official signature of Joint Stock Company.
State whether the following statement is True or False.
A joint stock company has long and stable life.
Complete the sentence.
A Company which has only one member is called as ______.
Answer in one sentence:
How many member/s can be there in a one person company?
Answer in one sentence:
What is a Holding company?
What are holding and subsidiary company?
Answer the following question:
State the features of sole trading concern.
State the features of a co-operative society.
Write a word or a term or a phrase which can substitute the following statement.
The members of Joint Hindu Family Business.
Write a word or a term or a phrase which can substitute of the following statement.
The members of Joint Hindu Family Business.
Write a word or a term or a phrase which can substitute the following statement.
The members of Joint Hindu Family Business.
