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Question
State whether the following statement is True or False.
A Joint Stock Company does not enjoy independent legal status.
Options
True
False
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Solution
False
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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 ________
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State Bank of India is the example of _________ Company.
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| 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 |
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| 7) Single Ownership | |
| 8) Equal voting rights | |
| 9) Multiple ownership | |
| 10) Minimum 9 members |
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| a) Private company | 1) 51% share capital held by Government |
| b) Public company | 2) Bank of England |
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| d) Statutory Company | 4) Minimum 7 members |
| e) Limited Liability Partnership | 5) Maximum 100 members |
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| 7) 40% share capital | |
| 8) Minimum 5 members | |
| 9) Life Insurance Corporation | |
| 10) Minimum 2 partners |
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The owner who is the sole manager and decision maker of his business.
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The senior most family member of Joint Hindu Family Business.
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The members of Joint Hindu Family Business.
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Name a company that is created by a special legislation of parliament or state assembly.
Complete the sentence.
A company is a creation of law, hence it is called as ________
Select the correct option form the bracket.
| Group ‘A’ | Group ‘B’ |
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| Group ‘A’ | Group ‘B’ |
| Incorporated Outside India | ______________ |
Answer in one sentence:
What is meant by foreign company?
Correct the underlined word and rewrite the following sentence.
Statutory companies are registered under the Companies Act.
Answer the following question:
Define a ‘company’. Explain the types of companies on the basis of the liability of members.
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 of the following statement.
The members of Joint Hindu Family Business.
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The members of Joint Hindu Family Business.
Write a word or a term or a phrase which can substitute the following statement.
The members of Joint Hindu Family Business.
