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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:
Joint Stock Company and Co-operative society.
Distinguish between the following:
Private Company and Public Company.
Justify the following statement.
There is more Government control and supervision over the working of Joint Stock Company.
State True or False:
Board of Directors manages the business of Joint Stock Company.
Complete the sentence.
Registration of Joint stock company is compulsory according to the Companies Act _______.
Answer in one sentence.
What is the meaning of Joint Stock Company?
Answer in brief.
State any four demerits of Joint Stock Company.
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.
Why is a private company more desirable than a public company? Give any two reasons.
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 company type is formed under the Companies Act, 2013?
What does ‘perpetual succession’ mean for a joint stock company?
Who manages the day-to-day activities in a joint stock company?
Why do joint stock companies enjoy public confidence?
Which of the following is an example of a joint stock company in India?
