Question

What is joint stock companies ​

Answer 1

A joint stock company is an organization formed by an association of persons through a process of law for undertaking a business venture.

According to Section 2(20)of the Companies Act '2013," Company means a company incorporated under this act or any previous company law."

"A joint stock company is an artificial person created by law having separate entity with a perpetual succession and common seal."

Answer 2

✔️A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares. Shareholders are able to transfer their shares to others without any effects to the continued existence of the company.