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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:
Sole Trading concern and Partnership Firm.
Justify the following statement.
Registration of the Joint Stock Company is compulsory.
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.
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.
The rule for voting in Joint stock company is __________.
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.
Justify the following statement.
A Joint Stock Company can raise huge capital.
Attempt the following:
Explain the features of the Joint Stock Company.
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?
Which company type is formed under the Companies Act, 2013?
What does ‘perpetual succession’ mean for 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?
