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Question
Complete the sentence.
A company is a creation of law, hence it is called as ________
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Solution
A company is a creation of law, hence it is called an Artificial person
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RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
Indian Partnership Act was passed in the year ________
Select the correct answer from the options given below and rewrite the statement.
The minimum number of members required for a co-operative society is ________
Select the correct answer from the options given below and rewrite the statement.
State Bank of India is the example of _________ Company.
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Sole Trading concern | 1) 1932 |
| b) Joint Hindu Family Business | 2) Partner |
| c) Partnership Act | 3) Artificial person |
| d) Joint Stock Company | 4) 1923 |
| e) Co-operative Society | 5) Karta |
| 6) Natural person | |
| 7) Single Ownership | |
| 8) Equal voting rights | |
| 9) Multiple ownership | |
| 10) Minimum 9 members |
Write a word or a term or a phrase which can substitute the following statement.
A person who purchases shares of Joint Stock Company.
State whether the following statement is True or False.
A joint stock company is a formal form of business organization.
State whether the following statement is True or False.
Registration of Joint Stock Company is compulsory.
State whether the following statement is True or False.
A Joint Stock Company is a natural person.
State whether the following statement is True or False.
A Joint Stock Company does not enjoy independent legal status.
State whether the following statement is True or False.
Board of Directors manage the Company.
Complete the sentence.
A company which is incorporated under a special Act is called as ________
Select the correct option form the bracket.
| Group ‘A’ | Group ‘B’ |
| ___________ | Member have unlimited liability |
Correct the underlined word and rewrite the following sentence.
Statutory companies are registered under the Companies Act.
Answer in brief.
How is LLP different from a partnership firm?
Answer in brief.
Explain the different types of companies on the basis of the liabilities of members.
State the features of Joint Hindu Family Business.
Answer the following question:
Define Joint Stock Company and explain its feature.
Write a word or a term or a phrase which can substitute the following statement.
The members of Joint Hindu Family Business.
Write a word or a term or a phrase which can substitute in the following statement.
The members of Joint Hindu Family Business.
