Secretarial Practice · Class 11 Commerce
Ch 2Joint Stock Company — Class 11 Secretarial Practice, concept-first.
This is Chapter 2 of the Maharashtra HSC Secretarial Practice syllabus (Std XI, MSBSHSE/Balbharati) — the chapter that lays the legal foundation the rest of the Secretarial Practice paper builds on.
Key concepts
Hover a concept to preview it and jump to its most relevant Q&A.
Features of a Joint Stock Company
Every feature of a company traces back to one idea: the law treats the company itself, not its members, as the person doing business. This gives a company its separate legal entity status (Salomon v.
Most relevant Q&A
Chapter contents
The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.
Overview
This is Chapter 2 of the Maharashtra HSC Secretarial Practice syllabus (Std XI, MSBSHSE/Balbharati) — the chapter that lays the legal foundation the rest of the Secretarial Practice paper builds on.
Meaning and Definition of a Joint Stock Company
A joint stock company is a voluntary association of persons who contribute capital, divided into transferable units called shares, to carry on a lawful business — and who, once the association is regi…
Features of a Joint Stock Company
Every feature below flows from one root idea already introduced in Section 1: the law treats the company itself, not its members, as the person carrying on the business.
Advantages and Limitations of a Joint Stock Company
Advantages:
Classification of Companies Under the Companies Act, 2013
The Companies Act, 2013 does not describe just one kind of company — it recognises several different bases on which companies can be classified, and a single real company is usually classified simulta…
Private Company vs Public Company
Of all the classifications in Section 4, the private vs public distinction is the one nearly every later Secretarial Practice chapter (Formation of a Company, Members of a Company, Company Meetings) w…
More questions
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- Q9State and explain any four essential features of a joint stock company.Free
- Q10Explain any three advantages and any three limitations of a joint stock company as a form of business organisation.Free
- Q11Explain the classification of companies on the basis of ownership and control, as recognised under the Companies Act, 2013.Preview
- Q12What is a One Person Company (OPC)? Explain its meaning and any two of its features.Preview
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- Q1Under Section 2(20) of the Companies Act, 2013, a 'company' means: (a) Any business with more than one owner (b) A company incorporated unde…Free
- Q2Which of the following is NOT compulsory for every company since the Companies (Amendment) Act, 2015? (a) Separate legal entity (b) Perpetua…Free
- Q3The Reserve Bank of India and the Life Insurance Corporation of India are examples of which type of company, classified on the basis of mode…Preview
- Q4Under Section 2(68) of the Companies Act, 2013, the maximum number of members a private company can have (excluding present and past employe…Preview
- Q5A company that has only one person as its member, as recognised under Section 2(62) of the Companies Act, 2013, is called a: (a) Private Com…Preview
- Q6Company A holds more than one-half of the total voting power of Company B. Under the Companies Act, 2013, Company A is Company B's: (a) Subs…Preview