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प्रश्न
Distinguish between the following.
Joint Hindu family firm and Joint stock company
उत्तर
| Basis of Difference | Joint Hindu Family Firm | Joint Stock Company |
| Governance | Governed by the Hindu laws | Governed by the Companies Act 1956 |
| Number of members | Minimum: 2 Maximum: No limit |
In case of a private company: Minimum: 2 Maximum: 50 In case of a public company: Minimum: 7 Maximum: No limit |
| Minor | Minors can be members | Minors cannot be members |
| Management and Control |
Managed and controlled by the Karta. |
Managed and controlled by the managing director. |
| Liability | Karta has unlimited liability; other members enjoy limited liability. |
Shareholders have limited liability to the extent of the unpaid amount on the shares held by them. |
| Formation | Easy to form, as few legal formalities need to be fulfilled. |
Comparatively difficult to form, as several legal formalities need to be fulfilled. |
APPEARS IN
संबंधित प्रश्न
Explain the features of a joint Hindu family firm.
Co - operative Society Joint Hindu Family Firm
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 a word or a phrase or a term which can substitute the following.
The members of the Joint Hindu family firm.
Distinguish between the following.
Joint Hindu family firm and Sole Trading concern
Briefly explain the following term: Karta
Explain the following term/concept:
Joint Hindu Family Firm.
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?
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.
The members of the Joint Hindu Family firm.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
