Definition of joint stock company according to companies act 2013
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A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). ... Therefore, joint-stock companies are commonly known as corporations or limited companies.
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A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). ... Therefore, joint-stock companies are commonly known as corporations or limited companies.
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