(a) Artificial person.

(b) Separate legal entity.

(c) Formation.

(d) Perpetual succession.

(e) Control.

(f) Liability.

(g) Common seal.

(h) Risk bearing.

Detailed Answer : 

Features of Joint Stock Company : 

(a) Artificial person : A company is a creation of law and exists independent of its members. Like natural persons, a company can own property, borrow money, sue and be sued but unlike them it cannot breathe, eat, talk and so on. 

(b) Separate legal entity : From the day of its incorporation, a company acquires an identity distinct from its member.

(c) Formation : The formation of a company and registration involves preparation of several documents and compliance with several legal requirements. Registration of the company is compulsory. 

(d) Perpetual succession : Members may come and members may go, but the company continues to exist. It can be brought to an end only by law. 

(e) Control : The shareholders do not have the right to be involved in the day-to-day running of the business. A company is managed by and controlled by the Board of Directors who is directly accountable to the shareholders. 

(f) Liability : The liability of the shareholders is limited to the extent of their capital contributed in the company. 

(g) Common seal : The company being a artificial person acts through its Board of Directors. Board of Directors enters into an agreement with others by indicating the company approval through a common seal. 

(h) Risk bearing : In the face of financial difficulties, all shareholders in a company have to contribute to the debts to the extent of their shares in the company's capital.