Joint stock company

Joint stock company

تعداد صفحه : 20Joint stock company A joint stock company (JSC) is a type of business partnership. Certificates of ownership or stocks are issued by the company in return for each contribution, and the shareholders are free to transfer their ownership interest at any time by selling their stockholding to others. In Britain, and elsewhere, there are two kinds of joint stock company. The private company (sometimes called an unlisted company) is one in which the shares are not offered for sale on the open market. The shares are usually only held by the directors and Company Secretary. The purpose of shareholding in such a company is to confer the financial protection of limited liability upon the owners. In contrast, a public company (sometimes known as a listed company) offers its...