Joint Stock Company

The Legal Status Of the A Joint Stock Company Under the Law

• A recognised enterprise

• Profit sharing association

• An artificial Person

• Place to spend money

Share holders and the company are

• Not related to each other

• Seperate

• Both are Same

Liability od Share holder is

• Unlimited

• Limited

• Is decided at the time of winding Up

The Shares Of the company can be transferred

• With the permission of the company

• Consent of Board Of Directors

• On discretion of Shareholders

• After a fixed period of time it has to be transfered

Private Company can start the work after getting

• Certificate of Incorporation

• Certificate of Commencement of Business

• Issuing Share capital

• Soon after signing the agreement

joint Stock Company can

• Limited sources

• Moderate Resources

• Large resources

A Private company can be started by (a)   members

(a)   members can form a public limited company

In Jpimt Stock Company the risk is distributed among the share holders

• True

• False

Select one Disadvantage Of Joint Stock Company

• Perpetual Existance

• Transferability Of Shares

• Delay In Decision Making

• Large Expansion