Joint Stock Company

Which of the following is a characteristic of a Company?

• Artificial Legal Person

• Perpetual Succession

• Common seal

• All of the above

Which of the following feature state that a company has continuous existence?

• Limited Liability

• Incorporated Association

• Perpetual Succession

• None of the above

Minimum _________ members are required in case of a public company.

• Five

• Two

• Seven

• One

A company is an _________ person in the eyes of the law.

• Seperate

• Artificial Legal

• Independent Legal

• Dependent Legal

The joint stock company is managed by the _________

• Shareholders

• Members

• Board of Directors

• Government officials

The official signature of a company is called ______________

• Prospectus

• Legal memo

• Common seal

• Shares

Which of the following is considered as the "Charter of the Company"

• Memorandum of Association

• Articles of Association

• Prospectus

• Official Register

Which act governs the Joint Stock Company form of organization?

• Partnership Act, 1932

• Companies Act, 2013

• Securities Exchange Act, 1934

• Business Corporation Act

Small units of capital are called as __________

• Debentures

• Bonds

• Shares

• Dividend

In a joint stock company, shareholders' liability is:

• Unlimited

• Equal to their investment

• Subject to government regulation

• Limited to the value of their shares