the board of directors of a joint stock company is elected by
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Answer:
- Elected by Share holders
Explanation:
Joint Stock company
A company is an association of persons for carrying out business activities and has a legal status independent of its members . A company can be described as an artificial person having a separate legal entity, perpetual succession and a common seal . The company form of organisation is governed by the Companies Act 2013.
The shareholders are the owners of the company while the board of directors is the chief managing body elected by Shareholders .
Features of Join Stock company
- Artificial Person
- Separate Legal entity
- Formation
- Control
- Perpetual Succession
- Liability
- Bearing of Risk
- Common Seal
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