Explain the features of joint stock company.
Answers
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The simplest way to describe a joint stock company is that it is a business organisation that is owned jointly by all its shareholders. All the shareholders own a certain amount of stock in the company, which is represented by their shares. ... Studying the features of a joint stock company will clarify its structure.
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Explanation:
Features & Characteristics of Joint Stock Company. A Joint Stock Company is voluntary association in which people contributes with capital in the forms of shares to carry on a certain type of business for earning profit”. Company operates in its own name under a common seal. It has separate body from its members.