Features of Joint Stock Company
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Questions and Answers

Membership of the company is open to all and a person can become or leave membership at his own ________.

wish

A Joint Stock Company is a __________ association of persons.

voluntary

A Joint Stock Company is an association of persons formed and registered under the __________ Act.

Companies

A Joint Stock Company enjoys separate ________ status.

<p>legal</p> Signup and view all the answers

Registration or incorporation is ________ for a Joint Stock Company.

<p>compulsory</p> Signup and view all the answers

The members of a Joint Stock Company are the owners and are liable in a ________ way for the acts of their company.

<p>limited</p> Signup and view all the answers

A Joint Stock Company is an artificial person created by ________.

<p>law</p> Signup and view all the answers

The existence of a Joint Stock Company is not affected by death, insolvency, or retirement of any of its ________.

<p>members</p> Signup and view all the answers

A Joint Stock Company has ________ succession.

<p>perpetual</p> Signup and view all the answers

A Joint Stock Company can enter into contracts, purchase and sell assets and property, and appoint persons as ________.

<p>employees</p> Signup and view all the answers

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