State whether the following statements are True or False.
1) A joint stock company is voluntary association of persons.
2) A joint stock company is a formal form of business organization.
3) Registration of Joint Stock Company is compulsory.
4) A Joint Stock Company is a natural person.
5) A Joint Stock Company does not enjoy independent legal status.
6) The liability of shareholder of public limited company is limited.
7) A joint stock company has long and stable life.
8) There is no seperation of ownership and management in Joint Stock Company.
9) Board of Directors manage the Company.
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A joint stock company is voluntary association of persons. _ true
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