Write short note on Limitations of Joint Stock Company.
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Limited liability:
The members who invest money are liable towards the losses of the company only to the extent of the value of investment made by them in the company. As there are more members, the amount of loss is spread on all of them and therefore it would be less for each investor.
The members who invest money are liable towards the losses of the company only to the extent of the value of investment made by them in the company. As there are more members, the amount of loss is spread on all of them and therefore it would be less for each investor.
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