Business Studies, asked by shivangirhl91, 10 months ago

a joint stock company is said to be an artificial person created by law having separate entity with a perpetual succession

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Answered by Anonymous

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A company is an incorporated association which is created by law, having a separate entity with a perpetual succession and a common seal. Two more features division of capital into transferable shares and limited liability of the members may be added to the definition given by Prof. Haney.

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