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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 head of Joint Hindu Family Business is called as_____
Select the correct answer from the options given below and rewrite the statement.
Indian Partnership Act was passed in the year ________
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 |
Write a word or a term or a phrase which can substitute the following statement.
An artificial person created by law.
State whether the following statement is True or False.
A Joint Stock Company is a natural person.
State whether the following statement is True or False.
There is no separation of ownership and management in Joint Stock Company.
State whether the following statement is True or False.
The liability of shareholder of public limited company is limited.
State whether the following statement is True or False.
Board of Directors manage the Company.
Select the correct option form the bracket.
| Group ‘A’ | Group ‘B’ |
| Private company | ___________ |
Select the correct option form the bracket.
| Group ‘A’ | Group ‘B’ |
| ___________ | Member have unlimited liability |
Select the correct option form the bracket.
| Group ‘A’ | Group ‘B’ |
| Incorporated Outside India | ______________ |
Answer in brief.
How is LLP different from a partnership firm?
Answer the following question:
State the features of sole trading concern.
State the features of Joint Hindu Family Business.
Answer the following question:
State the features of Limited Liability Partnership.
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.
