Complicated formation The process of the formation of joint stock company is very complicated. It requires long time and formalities. There are many legal documents which must be prepared and submitted to the registrar’s office …
Continue reading
Tag: Joint Stock Company
17 Core Advantages of Joint Stock Company
Limited Liability The liability of each shareholder is limited to the unpaid value of the share holds. If he has already paid the total value of the shares, his liability will be nil. But in …
Continue reading
Types of Joint Stock Company
1. Chartered Company The company which is incorporated by the royal order is called chartered company. Its power, rights and functions are governed by the charter, issued at the time of formation. But this type …
Continue reading