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Distinguish between a joint stock company …

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Distinguish between a joint stock company and joint Hindu family business on the basis of liability of its members

Posted by Shivam Dixit 6 years, 11 months ago

CBSE > Class 12 > Entrepreneurship

1 answers

Buny Pandey 6 years, 10 months ago

In joint stock , it implies that the maximum liability of a member is limited to the unpaid value of shares held by a member or a guarantee given by him. In HUF. Karta has unlimited liability whereas coparceners has limited liability

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CBSE > Class 12 > Entrepreneurship