Plz slove case study 5 ,6 and seventh plz plz slove this case study in proer ways

Plz slove case study 5 ,6 and seventh plz plz slove this case study in proer ways anu•ng business. a particular of business in which persons have agred to share profits carried on by all or one acting ror all serves an ansøer to the need or capital investment. varied skills and sharing risk. Identify the type of business discussed in the above paragraph which removes the disadvantage Of the sole proprietorship. Bansal Brother inheritd some ancestral property. They decided to form a hindu Undivided Family consisting of four —embers and invested the ancestral property into the business. Mr. Raju One Of the four male members. is a farmer producing JO of rice for his own consumpyion and 3000 quintals for selling purpose. The family is headed bv Mr. hence he is regarded as the Karta. He is the one who takes all the decisions and manages the business. The business took a loan of Rs. 10 lakh from Punjab National Bank Which was to be returned within three years. Due to poor financial Position or the business they were unable to repay the loan. The bank filed a suit for the recovery of loan. Mr. Chanderprakash pleaded to the court that as the entire loan Was taken for the purpose or business. an members business •ere liable Ior the repayment or the loan. The Court held that all the members expect Karta were also responsible but enly to extent of their share of eo- parceneryproperty or business. it was also held that Mr. chanderpraknsh had to pay the balance amount even if it had to be from personal property. Qusl. what is the form or business which the Bansal Brothers were doing from the ancestral property? Qus2. In the given ease who has unlimited liability and why? Identify the value which according to you have been violated by Mr. Ch•nderpr.kash the •Karta. Lid. • public limited company engaged in manufacturing sugar. It converts the raw material i.e. sugar into noisbed i.. company took loan or R'. 20 lakhs from PQR finance Ltd. ror its growth and The company

Dear student,

Case study 6

1) The members/ shareholders enjoy limited liability.

2) The court's decision that members are not liable to repay debts is based on the concept that liability of owners (members ) is limited to amount of capital invested by them.

3) The court's didn't held shareholders liable to repay loan as company is separate legal entity, therefore members are different from company or members and company are not same entity.

4) Company is an artificial entity, it has separate legal entity and it enjoys perpetual succession are some factors which motivated  promoters to go for a joint stock company.

Kindly do not pile up questions in single thread, for different questions use different thread,

Regards

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