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प्रश्न
Justify the following statement.
There is separation of ownership and management in Joint Stock Company.
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उत्तर
- The shareholders are the owners of the company. The company is managed by the Board of Directors who are elected representatives of the shareholders.
- There is a separation of ownership and management because of the following reasons:
(a) Scattered membership
(b) Large membership
(c) Disinterested shareholder
(d) Heterogeneous members
(e) Separate legal entity. - Thus, ownership is in the hands of shareholders and the management is with the Board of Directors who are paid employees of the company.
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संबंधित प्रश्न
Distinguish between the following:
Sole Trading concern and Partnership Firm.
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 liability of a shareholder of company is limited.
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.
Attempt the following:
Explain the five features of Joint Stock Company.
Attempt the following:
Explain the merits of Joint Stock Company.
What is the risk to shareholders in a joint stock company?
What term is used for the capital that is divided into small parts in a joint stock company?
What is one major demerit of a joint stock company?
