Joint stock company

A company is not a

• Association of persons

• Formed for the welfare of society

• Carry out business activities

• Has a legal status

Company is registered under _________

Shareholders are ______ of tge company.

• Owners

• Creditors

• Debtors

• None of these

Capital of the company is divided into smaller parts called _______.

"A company can enter into contracts, incur debts, own property."

which feature of joint stock company Is given above?

• separate legal entity

• Perpetual succession

• Artificial person

• None of these

Identify the feature.

"Members may go, members may come, but the company remains forever."

As company is an artificial person, it acts through its board of directors, who use ________ as signature of the company.

• Control

• Perpetual succession

• Common seal

• Signature

The shareholders of the company have

• Unlimited liability

• Limited liability

• No liability

• None of these

It requires greater time, effort, procedures and extensive knowledge of legal requirements. Which limitation of joint stock company is stated?

• Complexity in formation

• Lack of secrecy

• Numerous regulations

• Conflicting interest

Management of a company is a "rule by a few. " Which limitation of the joint stock company is stated here?