Business Studies, asked by inspire96, 6 months ago

What is joint stock company?
write it's salient features​

Answers

Answered by divyashukla212
1

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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