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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:
Sole Trading concern and Partnership Firm.
Distinguish between the following:
Partnership Firm and Joint Stock Company.
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.
The ownership and management are separated in Joint Stock Company.
Justify the following statement.
There is more Government control and supervision over the working of 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 __________.
Justify the following statement.
A Joint Stock Company can raise huge capital.
Justify the following statement.
There is separation of ownership and management in Joint Stock Company.
Attempt the following:
Explain the five features of Joint Stock Company.
Attempt the following:
Explain the demerits of Joint Stock Company.
Why is a private company more desirable than a public company? Give any two reasons.
Which of the following best describes a joint stock company?
What term is used for the capital that is divided into small parts in a joint stock company?
What does ‘perpetual succession’ mean for 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?
