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Joint Stock Company — Secretarial Practice STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsSecretarial PracticeJoint Stock Company4 Marks
Question
A Joint Stock company has a long and stable life.
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Answer

  • Being an artificial person, the company cannot die by natural death.
  • New members join, old members, go, but the company carries its business forever.
  • The company is not affected due to the death, insolvency of its members or directors.
  • A company has a separate legal status. So it has continuous life.
  • As long as a company has sufficient capital and efficient management, it can continue its business for years together.

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