What is joint stock company?
write it's salient features
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The simplest way to describe a joint stock company is that it is a business organisation that is owned jointly by all its shareholders. All the shareholders own a certain amount of stock in the company, which is represented by their shares.
The important characteristics of a Joint Stock Company are as follows:
Incorporated association: ...
Minimum Number of Members: ...
Artificial legal person: ...
Distinct legal entity: ...
Perpetual succession: ...
Common Seals: ...
Transferability of shares: ...
Limited liability:
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