Commerce · Class 11 Commerce
Ch 6Fundamental Aspects of Joint Stock Company — Class 11 Commerce, concept-first.
A joint stock company is the most developed and widely used form of business organisation for undertakings that need large amounts of capital, wide ownership and continuity of existence.
Key concepts
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Joint Stock Company
A **joint stock company** is an association of persons formed to carry on business, with a legal identity **independent of its members**. It is an **artificial person** created by law, having a **separate legal entity**,…
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Chapter contents
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Meaning and Definition of a Joint Stock Company
A joint stock company is the most developed and widely used form of business organisation for undertakings that need large amounts of capital, wide ownership and continuity of existence.
Features of a Company
A joint stock company is distinguished from other forms of business organisation by a set of well-defined legal characteristics.
Private Company and Public Company
The Companies Act, 2013 classifies companies on several bases; the most examined distinction in AP Intermediate commerce is between a private company and a public company, because the rules on members…
Merits and Limitations of the Company Form of Organisation
Because a company can mobilise capital from thousands of investors and yet limit each investor's risk, it has become the preferred vehicle for large-scale business in India.
Kinds of Companies under the Companies Act, 2013
The Companies Act, 2013 recognises several kinds of companies, classified on different bases. AP Intermediate commerce students preparing for BIEAP class 11 commerce questions and answers should be ab…
Sample & Board Papers
Sample papers and previous-year board questions for this subject.
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- Q5Explain the meaning of 'separate legal entity' with reference to a joint stock company.Free
- Q6Distinguish between a private company and a public company (any four points).Free
- Q7What are the merits of the company form of business organisation?Preview
- Q8Explain any four limitations of a joint stock company.Preview
- Q9Explain the classification of companies on the basis of liability.Preview
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- Q10Explain in detail the features of a joint stock company.Free
- Q11Explain the meaning of a private company and a public company, and distinguish between them, referring to the relevant provisions of the Com…Free
- Q12Explain the merits and limitations of the company form of organisation.Preview
- Q13Explain the various kinds of companies recognised under the Companies Act, 2013.Preview