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प्रश्न
Joint Hindu Family firm and Joint Stock company.
उत्तर
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Joint Hindu Family Firm
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Joint Stock Company
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Meaning
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When joint Hindu family conducts business, inherited by it as per Hindu law, it is called a Joint Hindu family firm.
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It is voluntary association of individuals for profit having capital divided into transferable shares, the ownership which is the condition of membership.
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There is no limit on the number of members since the membership keeps on changing depending upon the birth and death in the family.
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The minimum of number of members are 2 in private limited company and a maximum of 50. In a public limited company, minimum number of members are 7 and there is no maximum limit
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Liability
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Karta's liability is unlimited. Coparceners liability is limited.
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The liability of every shareholder is limited to the extent of the unpaid amount on shares held by him.
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Management
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Karta is the key manager of business who may be assisted by co-parceners to a limited extent.
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Board of Directors constitute the management of company. Directors run the business very efficiently since they possess the required expertise.
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Act / Law
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It is governed by the Hindu law.
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Joint stock company is controlled under the Indian companies Act, 1956
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APPEARS IN
संबंधित प्रश्न
Select the proper option from the options given below and rewrite the completed sentence.
The members of Hindu Undivided family business are called ________
Select the proper option from the options given below and rewrite the completed sentence.
The Karta in Joint Hindu family Business has ________ Liability.
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 short note on the following.
Features of Joint Hindu family.
Distinguish between a Joint Hindu family business and partnership.
State True or False:
The maximum number of members is unlimited in Joint Hindu Family Firm.
State True or False:
Joint Stock company can raise huge amount of capital.
Complete the sentence.
The property of JHF business is jointly owned by the ________
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?
Distinguish between.
Joint Hindu Family Firm and Joint Stock Company.
Answer in brief.
State any four merits of the Joint Hindu Family Firm.
Justify the following statement.
Karta is the sole manager of ‘Joint Hindu Family Business’.
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.
