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a company whose stock is owned jointly by the shareholders. A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders.
The main characteristics or features of a Joint Stock Company are:
An Artificial Person: ...
Separate Legal Existence: ...
Legal Formation: ...
Voluntary Organisation: ...
Perpetual Succession: ...
Limited Liability: ...
Large Capital: ...
Transferability of Shares
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