HOLIDAY HOMEWORK CLASS XI, ASSIGNMENT-2

MAY 28, 2020

GOOD MORNING BOYS!

I HOPE YOU AND YOUR FAMILY MEMBERS ARE KEEPING WELL. GOD BLESS YOU ALL!

I WILL FIRST TELL YOU THE CORRECT ANSWERS OF ASSIGNMENT-1(PREVIOUS HOLIDAY HOMEWORK ASSIGNMENT POSTED ON 22nd MAY, 2020)

1. BENEFITS OF JOINT STOCK COMPANY.

2. MERITS (2)  AND DEMERITS (2)  OF SOLE PROPRIETORSHIP WITH INTRODUCTION AND CONCLUSION

3. A PRIVATE COMPANY AVOIDS FOLLOWING DEFECTS OF A PUBLIC COMPANY:
 A) THERE IS NO NEED FOR INDEX OF MEMBERS AS IT IS THERE IN PUBLIC COMPANY.
B) IT CAN BE STARTED WITH MIN 2 MEMBERS AS 7 ARE REQUIRED IN PUBLIC COMPANY.
C) THERE IS NO NEED FOR PROSPECTUS AS PRIVATE COMPANY DOESN'T INVITE PUBLIC FOR SUBSCRIPTION OF SHARES.
D) IT CAN BE STARTED AFTER ACQUIRING CERTIFICATE OF INCORPORATION.
E) MIN 2 DIRECTORS ARE NEEDED AS MIN 3 DIRECTORS ARE NEEDED IN PRIVATE COMPANY.

4. ONLY FOUR FEATURES I.E ARTIFICIAL PERSON, SEPERATE LEGAL ENTITY, PERPETUAL SUCCESSION AND COMMON SEAL WILL BE WRITTEN.

5. A) COOPERATIVE SOCIETY
B) FARMERS COOPERATIVE SOCIETY
C) PUBLIC WELFARE
D) 10 MEMBERS
E) COOPERATIVE SOCIETIRES ACT, 1912
F) YES, IT HAS SEPARATE LEGAL ENTITY.

ASSIGNMENT-2(FOR THE WEEK ENDING 5th JUNE)
          
          FORMATION OF CASE PROBLEMS

1) READ BUSINESS NEWSPAPER AND FIND OUT INFORMATION ABOUT BUSINESS 
    RISKS AND VARIOUS FORMS OF PRIVATE SECTOR LIKE SOLE
    PROPRIETORSHIP, PARTNERSHIP, COOPERATIVE SOCIETY AND JOINT
    STOCK COMPANY.

2) NOW WRITE THAT INFORMATION IN THE FORM OF CASE PROBLEMS WITH 
    ANSWERS.

3) PLEASE NOTE THE QUESTION AND ANSWERS SHOULD BE FROM THE 
    PRESCRIBED SYLLABUS OF CBSE (FROM CHAPTER- 1 AND 2 ONLY.)

4) YOU SHOULD HAVE 5 CASE PROBLEMS WITH YOU.

     TAKE CARE AND GOD BLESS!

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