WorksheetsJoint Stock Company
Total questions: 16
Worksheet time: 8mins
Members 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
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
Indian Companies Act, 1956
Indian Companies Act, 2013
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
Which of the following company need to compulsory issue the Prospectus ?
LLP
Private Company
Public Company
All of the above
Minimum paid up capital in Public company
1 Lakh
5 Lakhs
10 Lakhs
15 Lakhs
Which of the following company can not invite people to invest in their shares ?
Partnership
Public Limited
Private Limited
Non of these
The Legal Status Of the A Joint Stock Company Under the Law
A recognised enterprise
Profit sharing association
An artificial Person
Place to spend money
joint Stock Company can
Limited sources
Moderate Resources
Large resources
Perpetual succession is a feature of :
Limited Liability Partnership
Sole Proprietorship
Partnership
Joint Stock Company
Joint Stock company will continue to exist even if all of its members die or desert it.
false
Not applicable
True
Dont agree
Articles of association describes
duties and responsibilities
formation of company
capital of the company
What is a holding company?
It holds minority shareholding in another company
It holds 50% shareholding in another company
It holds 51% shareholding in another company
It holds more than 50% shareholding in another company
Minimum paid-up capital for private limited company is
10 Lakh
5 Lakh
1 Lakh
None of the above
