JSC, Cooperative society and Public Sector

Owners of Joint stock company are called?

• Partners

• Shareholders

• Directors

• Members

Maximum number of members in Public Limited company

• No limit

• 100

• 50

• 200

Minimum number of members in Private company

• 7

• 10

• 2

• 1

One person company is mandatory to register.

• True

• False

• Partially True

• Partially False

Which of the following is feature of Joint Stock Company?

• One man control

• Two or more person

• Service Motive

• Voluntary Association

Governing law for Joint Stock company

• Hindu succession Act

• Indian Companies Act

• Partnership Act

• Indian co-operative society Act

Management of Joint stock company is done by BOard of Directors elected by Shareholders.

• True

• False

• Partially True

• Partially False

Liability of owner is limited in

• OPC

• Partnership

• Joint Stock company

• Both a and c

How many representative OPC can have

• 1

• 2

• 3

• 4

Minimum paid up capital in Public company

• 1 Lakh

• 5 Lakhs

• 10 Lakhs

• 15 Lakhs