Why was a need for company form of the organization felt? – InterviewSolution

InterviewSolution

1.	Why was a need for company form of the organization felt?
Answer» To resolve the issues of high risks, unlimited liability, problems of risky investment, need for company form of organization was felt.

Discussion

No Comment Found

Related InterviewSolutions

Clarify the clear concept of ultra vires transaction.
What is the importance of the domicile clause of a company?
When did the President give consent for the present Indian Companies Act 2013? (a) 20 Aug. 2013 (b) 28 Aug. 2013 (c) 1 Sept. 2013 (d) 29 Sept. 2013
Which company was established through the Royal Charter? (a) East India Company (b) West India Company (c) North India Company (d) South India Company
Write down the salient features of the New Companies Act 2013.
Before the Indian Companies Act 20 2013, which act was effective in India? (a) Indian Companies Act, 1932(b) Indian Companies Act, 1930 (c) Indian Companies Act, 1956 (d) Companies Act, 1865
Which of the following new concepts was introduced and brought into effect by the Indian Companies Act, 2013? (a) One person company (b) A company limited by guarantee (c) Foreign company (d) Subsidiary company
How many total sections are given under the Indian Companies Act, 2013? (a) 420 sections (b) 370 sections (c) 470 sections (d) 520 sections
Which of the given forms, a company limited by shares can opt for articles of association? (a) Form in Table A (b) Form in Table B (c) Form in Table C (d) Form in Table D
The name proposed for the formation of a company should not be undesirable. Here, undesirable means – (a) any name identical to other company or identical to the approved name of limited liability partnership (b) name identical to a trademark (c) against traditions, beliefs and culture (d) All of the above