Advertisements
Advertisements
प्रश्न
Justify the following statement.
Registration of the Joint Stock Company is compulsory.
Advertisements
उत्तर
(1) A joint stock company is defined as an incorporated association. It means it is an association registered under the Companies Act or a special Act of Parliament. In fact, a company comes into existence only when it gets the Certificate of Incorporation from the Registrar of Companies.
(2) In other words, registration is similar to the birth of a company. On getting the Certificate of Incorporation, the company gets an independent legal existence i.e., it becomes a corporate body. An unregistered organisation or association has no corporate existence and hence it cannot be called a ‘company’. Hence, registration of the Joint Stock Company is compulsory.
APPEARS IN
संबंधित प्रश्न
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.
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.
The rule for voting in Joint stock company is __________.
Explain the following term/concept:
Joint Stock Company.
Answer in brief.
State any four demerits of Joint Stock Company.
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 merits 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?
Why do joint stock companies enjoy public confidence?
Which of the following is an example of a joint stock company in India?
