Questions

Holkar Trophy is associated with Bridge sport.

Bridge is the ultimate tricky card game that four people can play with a pack of 52 cards. It is the greatest source of enjoyment.

History of the Holkar Trophy ::

It was a treasured dream of Late Maharaja Yeshwant Rao Holkar to have regular National Bridge Tournament at Indore for promotion of the game in the erstwhile Holkar state.

More :: Indian History Questions

The Cabinet of Karnataka has agreed the creation of Vijayanagara district as the 31st District of Karnataka.

The Vijayanagara district will include Hampi, the capital of Vijayanagara empire.

Joint stock company is a voluntary association of individuals for profit, having a capital divided into transferable shares, the ownership of which is the condition of membership.

The definition of a joint stock company highlights the following features of a company.

Separate legal entity:From the day of its incorporation, a company acquires an identity, distinct from its members. Its assets and liabilities are separate from those of its owners. The law does not recognise the business and owners to be one and the same.

The management and control of the affairs of the company is undertaken by the Board of Directors, which appoints the top management officials for running the business. The directors hold a position of immense significance as they are directly accountable to the shareholders for the working of the company. The shareholders, however, do not have the right to be involved in the day-to-day running of the business. The liability of the members is limited to the extent of the capital contributed by them in a company

The risk of losses in a company is borne by all the shareholders. This is unlike the case of sole proprietorship or partnership firm where one or few persons respectively bear the losses.