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Business Studies

Features of Joint Stock Company

A Joint Stock...

Question

A Joint Stock Company is an artificial person created by law.

A

True

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B

False

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Solution

The correct option is A True
It is true that joint stock company is an artificial person created by law. Company has a separate legal entity and have an existence in the eyes of law. It can purchase and sell property or rights in its own name and have a perpetual succession.

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Q. Select the proper option from the options given below and rewrite the completed sentences.

A joint stock company is an Artificial person created by ________.
(a) law
(b) public
(c) directors

Q. A Joint Stock Company is artificial person.

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Explain the legal effect and significance of the 'Certificate of Incorporation' in the life of a Joint stock company. State any two privileges of a private company under the Companies Act, 2013.

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