Explain the features of Joint Stock Company.

1.	Explain the features of Joint Stock Company.
Answer» 1. It is an artificial person. 2. A company enjoys separate legal existence from its members and board of directors. 3. The existence of any company is shown through a common seal. 4. Company is an unhidden union of people which is formed with the aim of earning a profit. 5. The liability of every member of the company is limited. 6. The shares can easily be transferred. 7. The issued shares and debentures are of less amount and that is why a common person can also invest in it.

Answer»

1. It is an artificial person.

2. A company enjoys separate legal existence from its members and board of directors.

3. The existence of any company is shown through a common seal.

4. Company is an unhidden union of people which is formed with the aim of earning a profit.

5. The liability of every member of the company is limited.

6. The shares can easily be transferred.

7. The issued shares and debentures are of less amount and that is why a common person can also invest in it.

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