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Directors in a joint stock company are personally liable for all debts incurred by the company. - Commercial Applications

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प्रश्न

Directors in a joint stock company are personally liable for all debts incurred by the company.

पर्याय

  • True

  • False

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उत्तर

False

Explanation:

Directors of a joint stock company are not personally liable for the company’s debts. The company is a separate legal entity, and a member’s responsibility is limited to the unpaid value of their shares.

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पाठ 4: Ownership Structures - Joint Stock Company - EXERCISES [पृष्ठ ५३]

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सी. बी. गुप्ता Commercial Applications [English] Class 9 ICSE
पाठ 4 Ownership Structures - Joint Stock Company
EXERCISES | Q I. 19. | पृष्ठ ५३
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