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Chapters
▶ 2: Joint Stock Company
3: Formation of a company
4: Documents related to formation of a company
5: Members of a company
6: Directors and Key Managerial personnel of a company
7: Company Meetings - 1
8: Company Meetings - 2
9: Business Communication Skills of Secretary
10: Correspondence with Directors
11: Correspondence with Banks
12: Correspondence with Statutory Authorities
![Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board chapter 2 - Joint Stock Company - Shaalaa.com](/images/secretarial-practice-english-11-standard-maharashtra-state-board_6:cd8ab02fc97a46bcbba53dcaea2898d3.JPG "Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board chapter 2 - Joint Stock Company")
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Solutions for Chapter 2: Joint Stock Company
Below listed, you can find solutions for Chapter 2 of Maharashtra State Board Balbharati for Secretarial Practice [English] 11 Standard Maharashtra State Board.
Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board 2 Joint Stock Company EXERCISE [Pages 28 - 32]
Select the correct answer from the options given below and rewrite the statement.
A sole proprietorship has _______ owner/owners.
one
two
five
Select the correct answer from the options given below and rewrite the statement.
The head of Joint Hindu Family Business is called as_____
Proprietor
Director
Karta
Select the correct answer from the options given below and rewrite the statement.
Indian Partnership Act was passed in the year ________
1923
1932
1956
Select the correct answer from the options given below and rewrite the statement.
The members of Hindu Undivided Family Business are called ________
Karta
partners
co-parceners
Select the correct answer from the options given below and rewrite the statement.
The liability of shareholders in the public limited joint stock company is ________
Limited
Unlimited
Collective
Select the correct answer from the options given below and rewrite the statement.
The minimum number of members required for a co-operative society is ________
10
20
50
Select the correct answer from the options given below and rewrite the statement.
The ______ is/are elected representative of shareholders who manage affairs of company.
Secretary
Directors
Auditors
Select the correct answer from the options given below and rewrite the statement.
State Bank of India is the example of _________ Company.
Chartered
Statutory
Foreign
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Sole Trading concern | 1) 1932 |
| b) Joint Hindu Family Business | 2) Partner |
| c) Partnership Act | 3) Artificial person |
| d) Joint Stock Company | 4) 1923 |
| e) Co-operative Society | 5) Karta |
| 6) Natural person | |
| 7) Single Ownership | |
| 8) Equal voting rights | |
| 9) Multiple ownership | |
| 10) Minimum 9 members |
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Private company | 1) 51% share capital held by Government |
| b) Public company | 2) Bank of England |
| c) Government company | 3) Maximum 200 members |
| d) Statutory Company | 4) Minimum 7 members |
| e) Limited Liability Partnership | 5) Maximum 100 members |
| 6) Minimum 5 partners | |
| 7) 40% share capital | |
| 8) Minimum 5 members | |
| 9) Life Insurance Corporation | |
| 10) Minimum 2 partners |
Write a word or a term or a phrase which can substitute the following statement.
The owner who is the sole manager and decision maker of his business.
Write a word or a term or a phrase which can substitute the following statement.
The senior most family member of Joint Hindu Family Business.
Write a word or a term or a phrase which can substitute the following statement.
The members of Joint Hindu Family Business.
Write a word or a term or a phrase which can substitute the following statement.
An artificial person created by law.
Write a word or a term or a phrase which can substitute the following statement.
The persons who have entered into an agreement of partnership.
Write a word or a term or a phrase which can substitute the following statement.
A person who purchases shares of Joint Stock Company.
Write a word or a term or a phrase which can substitute the following statement.
The official signature of Joint Stock Company.
Write a word or a term or a phrase which can substitute the following statement.
Name a company that is created by a special legislation of parliament or state assembly.
State whether the following statement is True or False.
A joint stock company is voluntary association of persons.
True
False
State whether the following statement is True or False.
A joint stock company is a formal form of business organization.
True
False
State whether the following statement is True or False.
Registration of Joint Stock Company is compulsory.
True
False
State whether the following statement is True or False.
A Joint Stock Company is a natural person.
True
False
State whether the following statement is True or False.
A Joint Stock Company does not enjoy independent legal status.
True
False
State whether the following statement is True or False.
The liability of shareholder of public limited company is limited.
True
False
State whether the following statement is True or False.
A joint stock company has long and stable life.
True
False
State whether the following statement is True or False.
There is no separation of ownership and management in Joint Stock Company.
True
False
State whether the following statement is True or False.
Board of Directors manage the Company.
True
False
Complete the sentence.
A company is a creation of law, hence it is called as ________
Complete the sentence.
A company which is incorporated under a special Act is called as ________
Complete the sentence.
A Company which has only one member is called as ______.
Complete the sentence.
A listed company is must follow the provisions of Companies Act and ________
Select the correct option form the bracket.
| Group ‘A’ | Group ‘B’ |
| Private company | ___________ |
Foreign Company
Minimum 7 members
Maximum 200 members
Unlimited Liability Company
Select the correct option form the bracket.
| Group ‘A’ | Group ‘B’ |
| Public company | ___________ |
Foreign Company
Minimum 7 members
Maximum 200 members
Unlimited Liability Company
Select the correct option form the bracket.
| Group ‘A’ | Group ‘B’ |
| ___________ | Member have unlimited liability |
Foreign Company
Minimum 7 members
Maximum 200 members
Unlimited Liability Company
Select the correct option form the bracket.
| Group ‘A’ | Group ‘B’ |
| Incorporated Outside India | ______________ |
Foreign Company
Minimum 7 members
Maximum 200 members
Unlimited Liability Company
Answer in one sentence:
How many member/s can be there in a one person company?
Answer in one sentence:
What is a Holding company?
Answer in one sentence:
What is meant by foreign company?
Correct the underlined word and rewrite the following sentence.
Statutory companies are registered under the Companies Act.
Correct the underlined word and rewrite the following sentence.
A Subsidiary Company holds more than half of the total share capital of another company.
Correct the underlined word and rewrite the following sentence.
A private Company must have minimum 7 Members.
Correct the underlined word and rewrite the following sentence.
A public Company can have maximum 200 Membesrs.
Explain the following term/concept.
Dormant company
Explain the following term/concept.
Holding company
Explain the following term/concept.
Foreign company
Explain the following term/concept.
Company limited by guarantee
Explain the following term/concept.
Associate company
Explain the following term/concept.
Limited Liability
Explain the following term/concept.
Perpetual Succession
Explain the following term/concept.
Listed company
Explain the following term/concept.
One Person Company
Explain the following term/concept.
Government company
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.
a) What is the maximum number of members this company can have?
b) Can this company invite the general public to subscribe for shares?
c) Can the shareholders of the company sell its shares to outsiders?
Study the following case/situation and express your opinion.
Kali VFX Ltd. was incorporated on 1st Jan, 2019 as a public limited company.
a) How many minimum number of members must be there in this company?
b) Can the members of this company sell its shares to outsiders?
c) How many maximum number of members can this company have?
Study the following case/situation and express your opinion.
Sunset Printers Pvt. Ltd. was incorporated on 5th Dec, 2015 as per the provisions of Companies Act 2013. Mr. Manoj was the only subscriber to the Memorandum and Articles of Association and he was also the only member of the company.
a) Is this company a One Person company?
b) Will the liability of Mr. Manoj be limited or unlimited?
c) Will the company close down on the death, insanity or insolvency of Mr. Manoj?
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.
Distinguish between the following:
Sole Trading concern and Partnership Firm.
Distinguish between the following:
Partnership Firm and Joint Stock Company.
Distinguish between the following:
Joint Stock Company and Co-operative society.
Distinguish between the following:
Private Company and Public Company.
Answer in brief.
How is LLP different from a partnership firm?
Answer in brief.
Explain the different types of companies on the basis of the liabilities of members.
What are holding and subsidiary company?
Justify the following statement.
Registration of the Joint Stock Company is compulsory.
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.
Justify the following statement.
There is more Government control and supervision over the working of Joint Stock Company.
Answer the following question:
State the features of sole trading concern.
Answer the following question:
State the features of Joint Hindu Family Business.
Answer the following question:
State the features of Partnership firm
Answer the following question:
State the features of co-operative society.
Answer the following question:
State the features of Limited Liability Partnership.
Answer the following question:
Define Joint Stock Company and explain its feature.
Answer the following question:
Define a ‘company’. Explain the types of companies on the basis of the liability of members.
Answer the following question:
Explain any four types of companies.
Solutions for 2: Joint Stock Company
Balbharati solutions for Secretarial Practice [English] 11 Standard Maharashtra State Board chapter 2 - Joint Stock Company
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Concepts covered in Secretarial Practice [English] 11 Standard Maharashtra State Board chapter 2 Joint Stock Company are Evolution of Business Organization, Joint Stock Company, Types of Companies, Distinction Between Private Company and Public Company.
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