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Business Studies

Types of Partners , Partnership and Companies

A Joint Stock...

Question

A Joint Stock Company is a voluntary association of individuals.

A

True

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B

False

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Solution

The correct option is A True
A joint stock company is a voluntary association of individuals who come together with a common objective to pursue a business activity with a main aim of earning profit and survive in the business environment.

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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.
(c) A joint stock company is a voluntary association of persons.
(d) A joint stock company is less stable than a partnership.
(e) Registration of a joint stock company is optional.
(f) There can be no conflict of interest in a joint stock company.
(g) A company is an artificial legal person.

Q. A Co-operative Society is a voluntary association.

Q. State the following statement is True or False:

The share qualification of the directors of a joint stock company is prescribed in Articles of Association.

Q. A voluntary winding up of a company in the case of which no 'Declaration of solvency' is required, is called ___________.

Q. A voluntary association of persons which required minimum ten major persons for its formation is a co-operative society.

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