Question

Explain the features of Joint Stock Company​

Answer 1

Answer:

A joint stock company is a voluntary association formed for the purpose of carrying on some business. ... The important features of a joint stock company are the following – an artificial person created by law, with a distinctive name, a common seal, a common capital with limited liability, and with a perpetual succession.

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Answer 2

Answer:

In a joint stock company, the ownership is divided into transferable units known as shares. In case of a public company the shares can be transferred freely, there are almost no restrictions. And in a public company, there are some restrictions, but the transfer cannot be prohibited.