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Meaning of Debentures

A Joint Stock...

Question

A Joint Stock Company is _______ person.

A

natural

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B

an artificial

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C

imaginary

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D

None of these

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Solution

The correct option is B an artificial
A joint stock company has an independent status i.e. it has 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. 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.

A joint stock company is a creation of law.

Q. A Joint Stock Company is a natural person.

Q. A Joint Stock Company is a voluntary association of individuals.

Q. Stocks of a company are ________.

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