explain limitations on joint stock company
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Disadvantages of a Joint Stock Company. 1. Costly and difficult to form: Number of legal formalities must be observed by the promoters of the company. ... Scope for dishonest and unscrupulous management: The directors manage the company with the help of paid officers.
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Disadvantages of a Joint Stock Company. 1. Costly and difficult to form: Number of legal formalities must be observed by the promoters of the company. ... Scope for dishonest and unscrupulous management: The directors manage the company with the help of paid officers.
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