Joint Stock Company | Meaning | Features | Merits | Limitations | Business Organisation |BBA B.Com

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Meaning...🎉🎉🎉
Characteristics...🎉🎉
1. Artificial person
2. Separate legal entity
3. Formation....
4.. perpetual succession
5. Control....
6. limited Liability
7. Common seal
8. Risk bearing....
Advantage of company..🎉🎉
1. Limit liability
2. Transfer of interest
3. Perpetual existence
4. Scope of expansion
5. Professional management
Disadvantage of company...
1. Complexity in formation
2. Lack of secrecy
3. Impersonal work environment
4. Numerous regulations
5. Delay in decision making
6. Conflict in interest

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