Jayant intends to start a business in the form of a company. But he has no idea about the company. Guide him about the following with reference to a company:
Perpetual succession
Common seal
Artificial person
Liability
Perpetual succession
Common seal
Artificial person
Liability
Solution and Explanation
1. Perpetual Succession: A company continues to exist irrespective of changes in ownership or the demise of its members.
2. Common Seal: The common seal is the official signature of the company used for validating documents.
3. Artificial Person: A company is considered a legal entity that can enter contracts, own property, and sue or be sued.
4. Liability: Shareholders have limited liability, meaning they are only responsible for the unpaid value of their shares, protecting personal assets from business debts.
These features make a company a distinct legal entity, providing stability and legal protection to its members.
Top Questions on Private and Public company
- Sudha Publishing House was a Private Limited Company. The publishing business was growing by leaps and bounds. The demand was huge. It required huge investment to set up its branches and printing base all over the country. The board members were thinking to offer shares to the public to meet investment requirements.
On the basis of above case, answer the following questions- CBSE Class X - 2024
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- CBSE Class X - 2024
- Elements of Business
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- CBSE Class X - 2024
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Questions Asked in CBSE X exam
प्रादेशिक स्तर पर आयोजित होने वाली 100 मीटर की बाधा दौड़ में आपके मित्र को प्रथम स्थान मिला है। उसे बधाई देते हुए लगभग 40 शब्दों में एक संदेश लिखिए।
- CBSE Class X - 2025
- पत्र लेखन
Select TRUE statements about lymph from the following:
A. Lymph vessels carry lymph through the body and finally open into larger arteries.
B. Lymph contains some amount of plasma, proteins and blood cells.
C. Lymph contains some amount of plasma, proteins and red blood cells.
D. Lymph vessels carry lymph through the body and finally open into larger veins.
The true statements are:- CBSE Class X - 2025
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Assertion (A): The French speaking community was rich in comparison to the Dutch speaking community in Belgium.
Reason (R): Dutch speaking community got the benefit of economic development and education much later.- CBSE Class X - 2025
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Anil did not hand the thief over to the police. In what way did Anil’s act of wisdom and forgiveness transform Hari Singh?
(The Thief’s Story)- CBSE Class X - 2025
- Indian English Literature/Prose
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- CBSE Class X - 2025
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