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प्रश्न
Justify the following statement.
Registration of the Joint Stock Company is compulsory.
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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.
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संबंधित प्रश्न
Distinguish between the following:
Joint Stock Company and Co-operative society.
Justify the following statement.
The liability of a shareholder of company is limited.
Justify the following statement.
The Joint Stock Company collects huge capital from the public.
State True or False:
There is a separation of ownership & management in the 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 _______.
Correct the underlined word and rewrite the following sentence.
Registration of Joint Stock Company is not compulsory.
Answer in brief.
State any four demerits of Joint Stock Company.
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 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 does ‘perpetual succession’ mean for a joint stock company?
Which is NOT a merit of a joint stock company?
What is one major demerit of a joint stock company?
Why do joint stock companies enjoy public confidence?
