2006-10-30 17:40:53 · 3 answers · asked by Anonymous in Business & Finance ➔ Corporations
In a Joint Stock Company the shares are held by the Promotor group, The Government of the Country where the Company is registered and the Public. Percentage of the share holding of the Promotors and the Government is determined prior to formation of the Company and the balance shares are offered to the Public.
2006-10-30 19:26:11 · answer #1 · answered by vaidyangeorge 1 · 0⤊ 0⤋
It is a company that has some features of a corporation and some features of a partnership. This type of company has access to the liquidity and financial reserves of stock markets as a corporation, however, as in a partnership; the stockholders are liable for company debts and have additional restrictions of a partnership.
2006-10-31 01:47:15 · answer #2 · answered by Proud Muslim 3 · 1⤊ 0⤋
a company that is owned by many shareholders.. ownership of the company is truly separate from the management of the company
2006-10-31 02:30:49 · answer #3 · answered by yugi67 2 · 0⤊ 0⤋