What do you understand by the term ‘Joint Stock Company’?
2 years ago
Principle of Management
“By a Company we mean an association of many persons who contribute money or money‟s worth to a common stock and employs it in some trade or business and also shares the profit and loss as the case may be arising there from”.
There are two types of Joint stock companies:-
- Private Limited company – Ex: M/s Key Media Ltd.
- Public Limited company – Ex: M/s Pearl credits
Susmita Sah
Jan 13, 2022