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प्रश्न
Justify the following statement.
There is separation of ownership and management in Joint Stock Company.
उत्तर
- The shareholders are the owners of the company. The company is managed by the Board of Directors who are elected representatives of the shareholders.
- There is a separation of ownership and management because of the following reasons:
(a) Scattered membership
(b) Large membership
(c) Disinterested shareholder
(d) Heterogeneous members
(e) Separate legal entity. - Thus, ownership is in the hands of shareholders and the management is with the Board of Directors who are paid employees of the company.
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संबंधित प्रश्न
Distinguish between the following:
Sole Trading concern and Partnership Firm.
Distinguish between the following:
Joint Stock Company and Co-operative society.
Distinguish between the following:
Private Company and Public Company.
Justify the following statement.
Registration of the Joint Stock Company is compulsory.
Justify the following statement.
The ownership and management are separated in Joint Stock Company.
Justify the following statement.
There is more Government control and supervision over the working of Joint Stock Company.
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.
Registration of Joint stock company is compulsory according to the Companies Act _______.
Answer in one sentence.
What is the meaning of Joint Stock Company?
Explain the following term/concept:
Joint Stock Company.
Answer in brief.
State any four demerits of Joint Stock Company.
Attempt the following:
Explain the features of the Joint Stock Company.
Why is a private company more desirable than a public company? Give any two reasons.
