State whether the following statements are True or False:

i. A Joint Stock company is a voluntary association of persons.

ii. A Joint Stock company is a formal form of business organization.

iii. Registration of a Joint Stock company is compulsory.

iv. A Joint Stock company is a natural person.

v. A Joint Stock company does not enjoy independent legal status.

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1 Answers

i. True

ii. True

iii. True

iv. False

v. False

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