WORLD HISTORY

Detailed explanation-1: -A joint-stock company is a business entity in which shares of the company’s stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership).

Detailed explanation-2: -What is a Joint-Stock Company? A joint-stock company is a business that is owned by its investors. The shareholders buy and sell shares and own a portion of the company. The percentage of ownership is based on the number of shares that each individual owns.

Detailed explanation-3: -Explanation: A joint stock company has numerous sources of raising funds. A few of the fund-raising sources include, issuing financial securities (such as shares, debentures and bonds), raising finance from the general public via public deposits and borrowings from banks or other financial institutions.

Detailed explanation-4: -A joint stock company is an organization with legal status that consists of two or more people and has a common seal, perpetual existence, and separate legal existence. Shares freely transferable and made up of the company’s capital have minimal liability for their holders. It is a made-up thing produced by the law.