FYJC SP 2,3,4

The liability of shareholders in the public limited joint stock company is ............

• Limited

• Unlimited

• Collective

The official signature of Joint Stock Company

• Common seal

• Digital signature

• Director signature

An artificial person created by law

• Sole trader

• Joint stock company

• Co operative society

A joint stock company is voluntary association of persons

• True

• False

A Joint Stock Company is a natural person

• True

• False

Board of Directors manage the Company

• True

• False

…………… are the persons who undertake the process of formation of a company

• Promoters

• Directors

• Registrar of companies

……….. is a document which invites the public to buy the shares of a company

• Articles of Association

• Prospectus

• Certificate of Incorporation

Promoters are persons who take the necessary steps to set up a company

• True

• False

All companies need Certificate of Incorporation

• True

• False