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प्रश्न
Explain the following term/concept.
One Person Company
उत्तर
(1) A company, in which one person holds almost the whole of its share capital and has other members just to meet the legal requirement of a minimum number of members, is known as one person company. It is a private company.
(2) It has to comply with all the formalities of a private company that are specified in the Act or rules. The concept of a One-person Company was introduced through the Companies Act, 2013.
(3) It is managed, operated, and controlled by a Single-member called promoter. The liability of its member is limited to the extent of his capital investment in the company. It is superior than Sole Trading Concern of business organisation.
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संबंधित प्रश्न
Short Answer Question
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Correct the underlined word and rewrite the following sentence.
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Explain the following term/concept.
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Study the following case/situation and express your opinion.
Two promoters got ‘Super Drinks Pvt. Ltd.’ incorporated on 18th Jan, 2018. The company has 100 members as on 31st Mar, 2019.
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c) Can the shareholders of the company sell its shares to outsiders?
Study the following case/situation and express your opinion.
On 1st Jan, 2018 Mr. John bought 100 shares of TIPS Paints Ltd. The face value of each share was Rs. 10. Mr. John paid the full amount of Rs. 1000. In Dec, 2018 the company suffered a loss of Rs. 10 crores.
a) Can the company ask Mr. John to pay any further money to the company?
b) Which feature of a Joint-stock company is referred to in this example?
c) Explain the feature briefly.
Distinguish between the following:
Sole Trading concern and Joint Hindu Family Business.
Choose the Correct Answer.
Companies established as a result of a charter granted by the King or Queen of a country is called _________
What is meant by a Government Company?
What is meant by Foreign Company?
What is meant by Holding and Subsidiary company?
Securities Premium Reserve collected by the company can be used for ______.
Authorised Capital is also known as ______.
In case of a public company, it must have at least _____ Directors.
Minimum number of members in a Public Company.
Minimum Capital of a Private Company.
