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Meaning of Debentures

A Joint Stock...

Question

A Joint Stock Company has independant________.

A

survival

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B

legal status

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C

capital

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D

none of these

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Solution

The correct option is B legal status
A joint stock company has an independent status i.e. it is a separate legal entity from its members. It has an independent existence in the eyes of law and can also purchase and sell property in its own name.

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Q. A Joint stock company has a _______ life/existence.

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Q. State whether the following statements are True or False:
(a) A joint stock company is separate legal entity.
(b) A company survives even if all its members die.
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