All members who have equal ownership right over the property of an ancestor are known as:
Partners
Co-parceners
Members
Share holders
Liability of a sole proprietorship is:
Limited
Unlimited
Joint
No liability for debts.
The capital of a company is divided into number of parts known as:
Dividend
Profit
Interest
Share
'Each for all and all for each' is the basic principle of:
Cooperative societies
Partnership
Company
Sole proprietorship
The Board of Directors of a joint stock company is elected by:
General public
Employees
Managers
Who issues the 'Certificate of Registration' to a firm?
State Government
Central Government
Registrar of Firms
Registrar of Companies
The capital of a society can be raised through:
Issue of debentures
Issue of shares
Issue of bonds
None of these
A partnership organization is governed by the:
Indian Companies Act
Indian Partnership Act
Cooperative Societies Act
The Indian Contract Act
The minimum number of directors in a private company is:
3
1
2
5
The maximum number of members in a public company is:
50
20
10
