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प्रश्न
Explain the following term/concept:
Joint Stock Company.
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उत्तर
- It is an incorporated association created by law, having an independent legal status, owned by shareholders and managed by the Board of Directors.
- The main motive of the Joint Stock company is the maximisation of profit.
- It works as the principle of “One share one vote”.
- It has to follow the Indian Companies Act, 2013.
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संबंधित प्रश्न
Distinguish between the following:
Private Company and Public Company.
Justify the following statement.
Registration of the Joint Stock Company is compulsory.
Justify the following statement.
A Joint Stock Company is an artificial person.
Justify the following statement.
The liability of a shareholder of company is limited.
Justify the following statement.
The ownership and management are separated in Joint Stock Company.
State True or False:
There is a separation of ownership & management in the Joint Stock Company.
Complete the sentence.
The rule for voting in Joint stock company is __________.
Complete the sentence.
Registration of Joint stock company is compulsory according to the Companies Act _______.
Attempt the following:
Explain the features of the Joint Stock Company.
Attempt the following:
Explain the merits of Joint Stock Company.
Attempt the following:
Explain the demerits of Joint Stock Company.
Which of the following best describes a joint stock company?
What is the risk to shareholders in a joint stock company?
What term is used for the capital that is divided into small parts in a joint stock company?
Which is NOT a merit of a joint stock company?
What is one major demerit of a joint stock company?
Who manages the day-to-day activities in a joint stock company?
Why do joint stock companies enjoy public confidence?
