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What is joint stork company?

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What is joint stork company?

Posted by Sneha Jain 5 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 5 years, 7 months ago

A joint stock Company is a business organization where the stock of the company are bought and owned by the shareholders jointly. It is a company, which has some features of a corporation and some features of a partnership. The company sells fully transferable stock, but all shareholders have unlimited liability.

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