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प्रश्न
Explain the following term/concept:
Joint Stock Company.
उत्तर
- It is an incorporated association created by law, having an independent legal status, owned by shareholders and managed by the Board of Directors.
- The main motive of the Joint Stock company is the maximisation of profit.
- It works as the principle of “One share one vote”.
- It has to follow the Indian Companies Act, 2013.
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संबंधित प्रश्न
Distinguish between the following:
Sole Trading concern and Partnership Firm.
Distinguish between the following:
Partnership Firm and Joint Stock 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.
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.
State True or False:
There is a separation of ownership & management in the Joint Stock Company.
State True or False:
Board of Directors manages the business of Joint Stock Company.
Complete the sentence.
The rule for voting in Joint stock company is __________.
Answer in one sentence.
What is the meaning of Joint Stock Company?
Answer in brief.
State any four demerits of Joint Stock Company.
Justify the following statement.
There is separation of ownership and management in Joint Stock Company.
Attempt the following:
Explain the features of the Joint Stock Company.
Attempt the following:
Explain the five features of Joint Stock Company.
Why is a private company more desirable than a public company? Give any two reasons.
