Form of Business

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Across
  1. 3. – A member of a Joint Hindu Family business who has equal ownership rights in ancestral property.
  2. 6. – A written agreement stating the terms and conditions among partners.
  3. 9. – A business organization with a separate legal entity and perpetual succession.
  4. 10. – The principle that each partner can bind the firm by their actions.
  5. 12. – A partner who contributes capital but does not participate in daily management.
  6. 13. – The official signature of a company used on legal documents.
  7. 16. – When the owner’s personal assets can be used to repay business debts.
  8. 17. Directors – The group elected by shareholders to manage a company’s affairs.
  9. 18. – A company that can invite the public to subscribe to its shares.
Down
  1. 1. – A company that restricts share transfer and limits membership to 200.
  2. 2. – A voluntary association formed to promote the economic interests of its members.
  3. 4. – The feature of a company where its existence is not affected by death or insolvency of members.
  4. 5. – A partner who contributes capital, manages the firm, and shares profits and losses.
  5. 7. – An owner of a company who holds part of its capital in the form of shares.
  6. 8. – When members are liable only up to the amount unpaid on their shares.
  7. 11. – An agreement between two or more persons to share profits and losses of a business.
  8. 14. – A business owned and managed by one individual who bears all risks and enjoys all profits.
  9. 15. – The eldest member who manages a Joint Hindu Family business.