Tag: ownership structures - joint stock company

Questions Related to ownership structures - joint stock company

Fill in the blanks:
The constitution of a joint stock company is called _______.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. memorandum of association

  2. articles of association

  3. table A

  4. None of these

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Correct Option: A
Explanation:

Memorandum of Association is the constitution of Joint stock company. It directs or instructs joint stock company. The joint stock company runs in accordance with the memorandum of association. Activities of the joint stock company are directed by the Memorandum of Association. Memorandum of association is regarded as a blueprint as it is needed for the incorporation of the joint stock company. Memorandum of Association is submitted to Company Registrar Office. Basic information and provision of the company are clearly mentioned in the memorandum of association. It defines scopes, objectives, functions of the joint stock company.

Write a word or a term or a phrase which can substitute each of the following statements:
A form of organisation where there is a separation of ownership from management ______________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. Joint Stock Company

  2. Co-operative Society

  3. Public Company

  4. Private Company

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Correct Option: A

Which option is NOT suitable for winding up of a company?

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. Dissolving or winding up by agreement

  2. Dissolving or winding up by law.

  3. Dissolving or winding up by creditors with the help of law.

  4. Dissolving or winding up by members with the help of law

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Correct Option: A

The maximum amount with which a company gets registered is called __________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. authorized share capital

  2. issued share capital

  3. subscribed share capital

  4. paid up share capital

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Correct Option: A

Shares of a company can be brought and sold ________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. in a boardroom

  2. in stock market

  3. through directors

  4. all of the above

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Correct Option: B

The liability of a shareholder of a company is to the extent of ________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. face value of shares

  2. unpaid value of shares

  3. both

  4. none of the above

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Correct Option: B

A Company Secretary _____________________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. has nothing to do with the directors, of the company

  2. is never in touch with any government department

  3. occupies an important place in a corporate setup

  4. does not have to correspond with the investors

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Correct Option: C
Explanation:

Company secretary occupies an important place in a corporate set up. As per Companies Act 2013, a Company Secretary is a key managerial person.

The language of the minutes of a meeting should be __________________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. In first person

  2. In second person

  3. In third person

  4. None of the above

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Correct Option: C

The official signature of the company is known as ________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. company logo

  2. company seal

  3. common seal

  4. common signature

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Correct Option: C

For a forthcoming meeting _________.

elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

  1. minutes are prepared

  2. agenda is prepared

  3. letters are prepared

  4. all of the above

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Correct Option: B