NextQ11

Match the following characteristics of a joint stock company as given in Column I with the meaning as given in Column II:| Column I | Column II | | --- | --- | | Artificial Person | It has an independent status separate from its members | | Separate legal entity | The liability of the shareholders is limited to the extent of the amount of shares held | | Limited Liability | It can be terminated as per the Companies Act | | Winding up | It is treated by law and has a distinct personality of its own |

Sole ProprietorshipStudy Simplify SpecialPYQ1MCQCase_Based
Question 10

Karan has learnt the art of zardozi work from his grandfather and father. He opened a designer boutique exclusively for bridal wear all by himself. He introduced new designs in his work which is highly appreciated by everyone. What form of business organization is operated by him?

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