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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:
Partnership Firm and Joint Stock Company.
Justify the following statement.
A Joint Stock Company is an artificial person.
Justify the following statement.
The ownership and management are separated in Joint Stock Company.
Justify the following statement.
The Joint Stock Company collects huge capital from the public.
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?
Correct the underlined word and rewrite the following sentence.
Registration of Joint Stock Company is not compulsory.
Explain the following term/concept:
Joint Stock Company.
Answer in brief.
State any four demerits of Joint Stock Company.
Justify the following statement.
A Joint Stock Company can raise huge capital.
Attempt the following:
Explain the features of the Joint Stock Company.
Attempt the following:
Explain the five features of Joint Stock Company.
Attempt the following:
Explain the merits of Joint Stock Company.
Attempt the following:
Explain the demerits of 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?
Which is NOT a merit of a joint stock company?
Who manages the day-to-day activities in a joint stock company?
Which of the following is an example of a joint stock company in India?
