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प्रश्न
Short Answer Question
What is public company?
उत्तर
A public company is defined as a company that offers a part of its ownership in the form of shares, debentures, bonds, securities to the general public through stock market. There must be atleast seven members to form a public company. As per the section 3 (1) (iv) of Companies Act 1956, public company means a company which:
a) is not a private company,
b) has a minimum paid up capital of Rs 5,00,000 or such higher paid up capital, as may be prescribed,
c) is a private company, being a subsidiary of a company which is not a private company.
A public company should not be mistakenly understood as a publicly-owned company, as the latter is exclusively owned and controlled by the government. A public company issues its share to general public without any restriction on maximum number of persons. A public company can be segmented into two types:
1. Listed Company- A Company whose shares are listed and traded in the stock exchange like, Tata Motors, Reliance, etc.
2. Unlisted Company- A Company whose shares are not listed in the stock exchange and thereby these shares cannot be traded in the stock exchange.
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संबंधित प्रश्न
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.
Explain the following term/concept.
Holding company
Explain the following term/concept.
Limited Liability
Explain the following term/concept.
Perpetual Succession
Explain the following term/concept.
Listed company
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.
Choose the Correct Answer.
Which of the following is created by a Special Act of Parliament or in State Assemblies?
What is meant by a Private Company?
What is meant by Holding and Subsidiary company?
Securities Premium Reserve collected by the company can be used for ______.
Restricts the right to transfer of shares for ______.
In case of a public company, it must have at least _____ Directors.
Minimum number of members in a Private Company ______.
