Know about Joint Stock Company

A Joint Stock Company is a business organization that is owned by its investors.

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Many investors purchase shares of the company and are known as shareholders.

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These companies are created to run the company and save it from financial crisis as it is too expensive for an individual.

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Joint-Stock companies are different from Public Companies. A public company is associated with unlimited liability.

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Reliance industries ltd., Grasim Industries Ltd., Oil & Natural Gas Ltd., and State Bank of India are a few examples of Joint Stocks.

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It has a Perpetual existence and holds different laws in different countries.

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