Question

- On 1st Jan, 2018 Mr. John bought 100 shares of TIPS Paints Ltd. The face value of each
share was Rs. 10. Mr. John paid the full amount of Rs. 1000. In Dec, 2018 the company
suffered a loss of Rs. 10 crores.
a) Can the company ask Mr. John to pay any further money to the company?
b) Which feature of Joint stock company is referred to in this example?
c) Explain the feature briefly.​

Answer 1

a) no mr.john can not pay any money in future

Answer 2

Answer:

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