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question_answer1) For which of the following types of business do you think a sole proprietorship firm of organization would be more suitable, and why? (i) Grocery store (ii) Medical store (iii) Legal consultancy (iv) Craft centre (v) Internet café (vi) Chartered accountancy firm
question_answer2) For which of the following types of business do you think a partnership firm of organization would be more suitable, and why? (i) Grocery store (ii) Medical store (iii) Legal consultancy (iv) Craft centre (v) Internet café (vi) Chartered accountancy firm
question_answer3) Explain the following terms in brief: (i) Perpetual succession (ii) Common seal (iii) Karta (iv) Artificial person
question_answer4) Compare the status of a minor in a Joint Hindu Family Business with that in a partnership firm.
question_answer5) If registration is optional, why do partnership firms willingly go through this legal formality and get themselves registered? Explain.
question_answer6) State the important privileges available to a private company.
question_answer7) How does a cooperative society exemplify democracy and secularism? Explain.
question_answer8) What is meant by "partner by estoppel? Explain.
question_answer9) Explain the concept of mutual agency in partnership with suitable example.
question_answer10) What is the role of Karta in a Joint Hindu Family business?
question_answer11) Explain procedure of registering a partnership firm.
question_answer12) Is registration of partnership firm compulsory? What are the consequences of non-registration?
question_answer13) What are the steps required for raising funds from public?
question_answer14) Define Articles of Association. What are its contents?
question_answer15) Differentiate between: 1. Memorandum of Association and Articles of Association. 2. Private and Public Company
question_answer16) Define promoter. What are the functions of a promoter?
question_answer17) Explain the contents of Memorandum of Association.
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