Page 5 - Lesson Notes 7

ASSIGNMENT

Multiple questions;

1. What is the legal status of a joint stock company under law:
(a) An artificial person
(b) A recognized enterprise
(c) A profit earning organization
(d) All of the above
2. A company is created:
(a) For social services

(b) Increasing industrialization
(c) For earning profits
(d) None of the above
3. The liability of shareholders is:
(a) Unlimited
(b) Limited
(c) As per borrowed amount
(d) All of the above
4. A public company is formed with a minimum number of:
(a) 10
(b) 7

(c) 6
(d) 4
5. A private company is formed with a minimum number of:
(a) 2
(b) 3
(c) 7
(d) 9
6. A Joint stock company can raise :

(a) Limited resources
(b) Moderate resources
(c) Large resources
(d) All of the above

FILL IN THE BLANKS:

1. The company and its member s are _____ from each other.
2. ---------- Company cannot issues prospectus.
3. _______Company member easily transfer the share without consent of all
partners.
4. Registration of company is ------------- as per the provision of companies act.