Explain the following terms/concept: Joint Stock Company.
Explain the following terms/concept:
Joint Stock Company.
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1. It is an incorporated association created by law, having an independent legal status, owned by shareholders and managed by Board of Directors.
2. The main motive of Joint Stock company is maximisation of profit.
3. It works as principle of “One share One vote”.
4. It has to follow Indian Companies Act, 2013.
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