Feature of joint stock company
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✔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.
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joint stock company is voluntary association of persons for profit ,having a capital divided into transferable shares the ownership of which is a condition of membership.
features.....
- artificial person
- separate legal existence
- perpetual existence
- limited liability
- transferability of shares
- common seal
- control .
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