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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.
Distinguish between the following:
Joint Stock Company and Co-operative society.
Distinguish between the following:
Private Company and Public 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.
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 _______.
Justify the following statement.
A Joint Stock Company can raise huge capital.
Attempt the following:
Explain the merits of Joint Stock Company.
Attempt the following:
Explain the demerits of Joint Stock Company.
Why is a private company more desirable than a public company? Give any two reasons.
What does ‘perpetual succession’ mean for a joint stock company?
What is one major demerit of a joint stock company?
Which of the following is an example of a joint stock company in India?
