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प्रश्न
Distinguish between the following.
Joint Hindu family firm and Joint stock company
उत्तर
| Basis of Difference | Joint Hindu Family Firm | Joint Stock Company |
| Governance | Governed by the Hindu laws | Governed by the Companies Act 1956 |
| Number of members | Minimum: 2 Maximum: No limit |
In case of a private company: Minimum: 2 Maximum: 50 In case of a public company: Minimum: 7 Maximum: No limit |
| Minor | Minors can be members | Minors cannot be members |
| Management and Control |
Managed and controlled by the Karta. |
Managed and controlled by the managing director. |
| Liability | Karta has unlimited liability; other members enjoy limited liability. |
Shareholders have limited liability to the extent of the unpaid amount on the shares held by them. |
| Formation | Easy to form, as few legal formalities need to be fulfilled. |
Comparatively difficult to form, as several legal formalities need to be fulfilled. |
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संबंधित प्रश्न
Define 'Joint Hindu family'.
The Karta in a Joint Hindu family business has _______ liability
Co - operative Society Joint Hindu Family Firm
Co - operative Society Joint Hindu Family Firm
Merits and Demerits of Joint Hindu Family?
Features of Joint Stock Company?
Select the proper option from the options given below and rewrite the completed sentence.
The Head of Joint Hindu family Business is called as ________.
Write a word or a phrase or a term which can substitute the following.
The senior most family member of joint Hindu family firm.
Distinguish between the following.
Joint Hindu family firm and Sole Trading concern
Write short note on the following.
Features of Joint Hindu family.
Compare the status of a minor in a Joint Hindu family business with that in a partnership firm.
State True or False:
The liability of KARTA is unlimited.
State True or False:
Joint Stock company can raise huge amount of capital.
Answer in one sentence.
What is Joint Hindu Family business?
Study the following case situation and express your opinion:
Mr. Raghunath is running a business from the last 30 years. This business is ancestoral business of Mr. Raghunath. Kiran and Naman, two sons of Mr. Raghunath are helping him along with their wives.
- Find out the type of business.
- Who is Raghunath?
- What Kiran and Naman are called?
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
