Question

Explain the procedure of formation of join stock company. ​

Answer 1

Answer:

A joint-stock company is a business owned by its investors, with each investor owning a share based on the amount of stock purchased. Joint-stock companies are created in order to finance endeavors that are too expensive for an individual or even a government to fund.

Explanation:

This involves the following:

• Preparation of a draft prospectus and get it inspected (vetted) by SEBI.
• Filing a copy of the prospectus with the Registrar of Companies.
• Issue of prospectus to the public by: ...
• If minimum subscription has been received, shares should be allotted to the applicants as per SEBI guidelines.

Answer 2

Answer:

This involves the following.

1) Preparation of a draft prospectus and get it inspected (vetted) by SEBI.

2) Filing a copy of the prospectus with the Registrar of Companies.

3) Issue of prospectus to the public by: ...

If minimum subscription has been received, shares should be allotted to the applicants as per SEBI guidelines.

Explanation:

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