Joint Stock Company Interview Questions with Answers
Question: 1. What Is A Joint Stock Company?
Answer:
A business enterprise is an artificial person created through law having separate legal entity with a everlasting existence and commonplace seal.
Question: 2. What Do You Mean By Common Seal Of A Joint Stock Company?
Answer:
A employer lives its own call but it cannot sign its files like herbal person so a seal with the call of agency is used as opposed to signatures.
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Question: 3. Under Which Ordinance Company Is Formed?
Answer:
Joint inventory corporation is shaped under the companies ordinance 1984.
Question: 4. What Is The Liability Of Share Holders In Joint Stock Company?
Answer:
legal responsibility fo proportion holders in Joint stock organisation is restricted upto the fee of stocks bought.
Question: 5. Can Share Holders Transfer Their Shares Of Joint Stock Company?
Answer:
Yes, they are able to transfer their shares even though stock alternate.
Corporate Law Interview Questions
Question: 6. Is There Any Restriction On Maximum Number Of Share Holders In Public Limited Company?
Answer:
There is no restriction on most number of share holders in Public constrained organisation.
Question: 7. Give Any Three Characteristics Of A Company?
Answer:
An artificial person
Separate legal entity
Limited legal responsibility.
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Question: eight. Give Any Three Advantages Of Joint Stock Company?
Answer:
Large capital
Limited liability
Specialization
Question: 9. Give Any Three Disadvantages Of Joint Stock Company?
Answer:
Double Taxation
Complex Formation
Lack of secrecy
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Question: 10. Classify The Company According To Incorporation?
Answer:
Chartered company
Statutory organisation
Registered company
Question: 11. Classify Company With Respect To Liability?
Answer:
Company constrained via stocks
Company restrained with the aid of assure
Unlimited organisation
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Question: 12. Write Any Three Kinds Of Company According To Ownership?
Answer:
Public corporation
Private organization
Subsidiary business enterprise
Business Finance Interview Questions
Question: 13. How Many Are The Types Of Public Limited Company?
Answer:
Company confined through assure
Company restrained by shares.
Question: 14. Define Memorandum Of Association?
Answer:
A document which set out the charter of the business enterprise and as such the muse upon which the shape of the business enterprise is based is referred to as memorandum Association.
Question: 15. Define Articles Of Association?
Answer:
Rules and guidelines subordinate to memorandum of association which deals with the internal control of employer is called Articles of Association.
Trade Marketing Interview Questions
Question: 16. What Do You Know About Promoters?
Answer:
The men and women who adopt to form a organization with regards to given objects and set its going and takes the necessary steps to accomplish those purposes are referred to as promoters.
Question: 17. What Is Incorporation?
Answer:
To check in employer with the sign up of organisation via promoters consistent with enterprise ordinance 1984 is called Incorporation.
Small Business Interview Questions
Question: 18. What Is Incorporation Certificate?
Answer:
A certificates issued by a registrar of a employer after registering the company according to corporation ordinance 1984 to promoters of enterprise is known as Incorporation Certificate.
Corporate Law Interview Questions
Question: 19. What Is The Major Difference Between The Memorandum Of Association And The Articles Of Association?
Answer:
Memorandum of Association is a primary record and Articles of Association is a subsidiary report.
Question: 20. What Do You Know About Preliminary Expenses?
Answer:
Expenses which are incurred by means of the promoters in the process of formation of a organization are called initial charges.
Stockholders Equity Interview Questions
Question: 21. What Is Statutory Company?
Answer:
The agency which has greater than 50% shares of every other company is referred to as maintaining organization.
Question: 22. What Is Holding Company?
Answer:
A corporation which has greater than 50% stocks of any other organisation is referred to as holding organisation.
Question: 23. What Is Subsidiary Company?
Answer:
A company whose more than 50% shares are in the hand of some other enterprise is referred to as Subsidiary corporation.
Executive Business Analyst Interview Questions
Question: 24. What Is Chartered Company?
Answer:
A enterprise which is shaped by using the royal order is known as chartered agency.
International Trade Interview Questions
Question: 25. Name Any One Major Difference Between The Public Company And Private Company?
Answer:
A public business enterprise can issue prospectors to invite public for purchase of shares even as non-public organisation can’t problem prospectus.
Question: 26. What Is Unlimited Company?
Answer:
A employer in which the legal responsibility of its shareholders is limitless called unlimited agency.
Question: 27. What Is Company Limited By Guarantee?
Answer:
A Company wherein each shareholder gives a assure to contribute a unique amount to company inside the end result of its being wound up due to certain occasions.
Trading in Future and Options Interview Questions
Question: 28. What Is Company Limitted By Shares?
Answer:
A employer in which the legal responsibility of its shareholders is limited to the quantity of fee in their shares is referred to as employer confined through stocks.
Question: 29. What Is Registered Company? Give Its Two Kinds?
Answer:
A company that’s included under corporation ordinance 1984 known as registered corporation.
Unlimited business enterprise
Company restricted by using stocks.
Question: 30. Give Any Three Characteristics Of Private Limited Company?
Answer:
It can not switch its shares.
Restricted range of shareholders.
Question: 31. What Is Prospectus?
Answer:
A file posted by means of the promoters after the formation of a agency to invite the general public to buy shares of the organization is referred to as prospectus.
Question: 32. What Is Statement In Lieu Of Prospectus?
Answer:
If a Public company can’t deposit prospectus because of certain reasons in the registrar office, for time being a declaration like prospectus deposited in registrar workplace, is called statement in lieu of prospectus.
Question: 33. What Is Capital Of A Company?
Answer:
The amount invested by way of the shareholders in a agency is referred to as capital.
Stock Market Interview Questions
Question: 34. What Is Authorized Capital?
Answer:
A most amount of capital approximately which a organization is permitted to issue is called legal capital.
Question: 35. What Is Issued Capital?
Answer:
A part of legal capital for which human beings are invited to purchase the shares is referred to as issued capital.
Question: 36. What Is Paid Up Capital?
Answer:
Amount of capital that’s subscribed by means of humans against issued capital is called paid up capital.
Trade Marketing Interview Questions
Question: 37. What Is A Share?
Answer:
An legal capital of a enterprise is divided into same units which might be referred to as shares A unmarried unit is referred to as share.Or A certificates issued through the agency against some subscription which gives the right and income to its holder is referred to as proportion.
Question: 38. What Is Share Certificate?
Answer:
Documents of identify of a percentage held in a employer with the aid of the shareholder is called share certificates.
Question: 39. What Is Dividend?
Answer:
A income of a corporation which is sent among shareholders is known as dividend.
Question: 40. Who Is Underwriter?
Answer:
A character (Institution) who promises to promoters to buy the remaining shares of a employer that are not bought by using preferred public is referred to as underwriter.
Small Business Interview Questions
Question: forty one. What Is Underwriting Commission?
Answer:
A fee that is paid to underwriters is called underwriting fee.
Question: 42. What Do You Know About Minimum Subscription?
Answer:
The amount fixed with the aid of the Directors and noted in the Articles of Association and prospectus which have to be subscribed by way of the public before allotment of stocks is referred to as minimum subscription.
Stockholders Equity Interview Questions
Question: 43. Name Any Two Types Of Shares?
Answer:
Ordinary shares
Preference stocks.
Question: 44. Define Preference Shares?
Answer:
Those shares of a employer on which constant price of dividend is paid before normal shares.
Question: 45. When Shares Applications Are Received, What Entry Will Be Passed?
Answer:
Bank a/cTo Share applications A/c
Question: forty six. When Extra Shares Applications Are Refunded, What Entry Will Be Passed?
Answer:
Share applications a/cTo Bank a/c
Question: 47. Name Different Terms Of Issue Of Shares?
Answer:
At par
At top class
At bargain
Question: 48. When Shares Are Allotted To Shareholders At Par What Entry Will Be Passed?
Answer:
Share application s a/cTo share capital a/c
Question: 49. What Entry Will Be Passed If Shares Are Issued At Premium?
Answer:
Share software a/cTo Share capital a/c To Premium on issue of stocks a/c.
Question: 50. What Entry Will Be Passed, If Shares Are Issued At Discount?
Answer:
Share applications a/Discount on trouble of shares a/c To Share capital a/c.
Question: 51. What Do You Know About The Term At Par In Issuance Shares?
Answer:
If the proportion is issued at real fee it way at fee identical to the nominal value as an instance percentage of Rs. 10 is issued at Rs. 10.
Question: fifty two. What Is Meant By At Premium In Issuance Of Shares?
Answer:
If the share is issued at a charge above than its nominal cost such issued fee is known as at top class, for example, share of Rs. 10 is issued at Rs. 15.
Question: fifty three. What Is Meant By At Discount In Issuance Of Shares?
Answer:
If the percentage is issued at a price underneath the nominal cost of face cost of shares.
For instance percentage of Rs. 10 is issued at Rs. 9.
Question: fifty four. What Entry Will Be Passed When Shares Are Issued Other Than Cash?
Answer:
Vendors a/c To Share capital a/c
Question: fifty five. What Entry Will Be Passed For Writing Off The Discount On Issue Of Shares?
Answer:
Share Premium a/c or reserves a/cTo bargain on difficulty of stocks a/c.
Question: fifty six. What Is Debenture?
Answer:
A certificates issued to creditors (Investors) by way of the employer for safety of debts underneath the seal of a business enterprise is referred to as debenture.
Question: fifty seven. Names Different Types Of Debentures According To Security?
Answer:
Naked debentures
Mortgage debentures.
Question: fifty eight. Define Naked Debentures?
Answer:
Debentures which might be secured in opposition to the charge on assets of employer are called mortgage Debentures.
Question: 59. Define Mortgage Debentures?
Answer:
Debentures which might be secured in opposition to the rate on belongings of organization are known as mortgage Debentures.
Question: 60. Name Different Kinds Of Debentures According To Redemption Point Of View?
Answer:
Redeemable debentures
Irredeemable debentures
Question: 61. What Are Redeemable Debentures.?
Answer:
debentures that are redeemed to company via debenture holders after a certain period of time towards price are known as Redeemable Debentures.
Question: 62. What Are Irredeemable Debentures.?
Answer:
Debentures which aren’t redeemed during the lifestyles of a organization are referred to as irredeemable debentures.
Question: sixty three. Name Different Kinds Of Debentures According To Conversion?
Answer:
Convertible debentures.
Non Convertible debentures.
Question: sixty four. Define Convertible Debentures?
Answer:
Debentures which may be transformed into shares after achievement of certain situations are referred to as convertible Debentures.
Question: sixty five. Define Non Convertible Debentures?
Answer:
Debentures which can’t be converted into shares at some point of the existence of a corporation are referred to as Non convertible debentures.
Question: 66. Write Different Kinds Of Debentures According To Recording Point Of View?
Answer:
Bearer Debentures
Registered Debentures
Question: sixty seven. What Are Bearer Debentures?
Answer:
The debentures which might be payable to bearer are called bearer debentures.
Question: sixty eight. What Are Registered Debentures?
Answer:
The debentures wherein call of their holders are registered within the books of a corporation are referred to as registered debentures.
Question: 69. What Entry Will Be Passed, When Debentures Are Issued At Par?
Answer:
Bank a/cTo Debentures a/c
Question: 70. What Entry Will Be Passed When Debentures Are Issued At Premium?
Answer:
Bank a/cTo Debentures a/c To Debenture Premium a/c.
Question: seventy one. Pass The Journal Entry Of Debentures Are Issued At Discount?
Answer:
Discount on problem of debentures a/cTo Debentures a/c.
Question: 72. Pass The Journal Entry Of Debentures Are Issued Other Than Cash?
Answer:
Vendors a/cTo Debentures a/c.
Question: seventy three. If Debentures Are Issued At Par And Redeemable At Par What Journal Entry Should Be Passed?
Answer:
Bank a/cTo Debentures a/c.
Question: 74. What Is Under Subscription?
Answer:
If a enterprise gets much less programs for problem capital, this case represents under subscription.
Question: seventy five. What Method Is Adopted For Allotment Of Shares By Company To Surplus / Over Shares Applications Submitted By Public?
Answer:
Company will refund those applications at the side of their utility cash to candidates.
Question: 76. What Is Debenture Stock?
Answer:
A transformed debenture into proportion represents debentures inventory.