account important question of class 12
Company 1. What the meaning of joint stock company. (Define company) A company is a voluntary association of many persons for profit with capital divisible into transferable shares with limited liabilities. It is an artificial person created by law with perpetual succession and common seal. It is registered under Nepal company act 2063 B.S. so a voluntary association formed with a contribution of transferable common shares of many persons for the sake of common business purpose is called company. 2. Write any three characteristics of a company. 1. Voluntary association: a company is a voluntary association of many persons who take part in its capital by investing transferable shares 2. Limited liability: shareholders” liabilities are limited up to their investment of shares. They do not bear any financial loss in cas...