The joint stock company type of organization has become very popular throughout the world because of many advantages. Some of the advantages are as follows: 1. Financial Strength: The joint stock company can raise a large amount of capital by issuing shares and debentures to the public. There is no limit to the number of shareholders in a company. Joint-stock company definition, an association of individuals in a business enterprise with transferable shares of stock, much like a corporation except that stockholders are liable for the debts of the business. See more. “A Joint Stock Company is a voluntary association of individuals for profit, having a capital divided into transferable shares, the ownership of which is the condition of membership.” Introduction: With the technological improvements, the scale of operations has increased. The requirements for finances and managerial resources have gone up. A joint stock company is an artificial person which is created by the law. It has no physical shape as a natural person but has almost all the rights of a natural person. It can enter into contact, sell, hold and buy the properties. Perpetual existence: A joint stock company is established by the law and the law brings it to an end. There is a lack of managerial ability in sole trading and partnership firm. So, the joint stock company was established. A joint stock company is established under the Company Act, 2053. The joint stock company is an association of person having a separate legal existence, perpetual succession, common seal, common capital etc. Joint Stock Company: A joint stock company is an organization that falls between the definitions of a partnership and corporation in terms of shareholder liability. In the United States Joint-Stock Company. The joint-stock company was the forerunner of the modern corporation. In a joint-stock venture, stock was sold to high net-worth investors who provided capital and had limited risk. These companies had proven profitable in the past with trading ventures. The risk was small, and the returns were fairly quick.

A joint stock company is a voluntary association formed for the purpose of carrying on some business. Legally, it is an artificial person and having a distinctive name and a common seal.

“A Joint Stock Company is a voluntary association of individuals for profit, having a capital divided into transferable shares, the ownership of which is the condition of membership.” Introduction: With the technological improvements, the scale of operations has increased. The requirements for finances and managerial resources have gone up. A joint stock company is an artificial person which is created by the law. It has no physical shape as a natural person but has almost all the rights of a natural person. It can enter into contact, sell, hold and buy the properties. Perpetual existence: A joint stock company is established by the law and the law brings it to an end. There is a lack of managerial ability in sole trading and partnership firm. So, the joint stock company was established. A joint stock company is established under the Company Act, 2053. The joint stock company is an association of person having a separate legal existence, perpetual succession, common seal, common capital etc.

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joint-stock company. noun. an association of individuals in a business enterprise with transferable shares of stock, much like a corporation except that stockholders are liable for the debts of the business.

What are the merits and demerits of Joint Stock Company? Article Shared By. ADVERTISEMENTS: The company form of business ownership  Joint stock company. Sole Proprietorship. Sole proprietorship is a popular form of business organization and is the most suitable form for small businesses,  13 Feb 2019 A joint stock company is a large-scale business which is owned by multiple shareholders. Learn more about it in this article. 25 Jun 2019 Joint-stock companies are created in order to finance endeavors that are too expensive for an individual or even a government to fund. The 

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