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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:
Private Company and Public Company.
Justify the following statement.
Registration of the Joint Stock Company is compulsory.
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.
Justify the following statement.
There is more Government control and supervision over the working of Joint Stock Company.
State True or False:
There is a separation of ownership & management in the 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.
There is separation of ownership and management in Joint Stock Company.
Attempt the following:
Explain the merits of 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?
Which is NOT a merit 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?
