Question

Distinguish between the Joint Hindu family firm and Joint stock company.

Answer 1

Either purchase undervalued stocks or sell stocks for inflated prices. As such, it should be impossible to outperform the overall market through expert stock selection or market timing, and that the only way an investor can possibly obtain higher returns is by chance or by purchasing riskier investments. His 2012 study with Kenneth French supported this view, showing that the distribution of abnormal returns of US mutual funds is very similar to what would be expected if no fund managers had any skill—a necessary condition for the EMH to hold.

Answer 2

The difference between Joint Hindu family firm and Joint stock company can be explained as follows:

Joint Hindu Family Firm:

• Meaning: It refers to the business which is being carried out by the Hindu family jointly inherited by them.
• Governing Act: It is being governed by the Hindu Law.
• Liability: Karta has unlimited limited whereas other coparceners have limited liability.

Joint Stock Company:

• Meaning: It refers to an artificial person which is being created by law with separate legal entity, perpetual succession and a common seal.
• Governing Act: It is being governed by the Indian Companies Act, 1956 (amended 2013)
• Liability: The members have limited liability to the extend of unpaid amount on the shares held by them.

Learn more about the Joint Hindu family firm and Joint stock company:

Question: Define Joint Stock Company and explain its features.

Answer: https://brainly.in/question/6756741

Question: Define a Joint Hindu family firm. Explain features of joint Hindu family firm.

Answer: https://brainly.in/question/7773509