3. Today I’m Going To Give You
A Short Description About
Joint Stock Company On
Behalf Of My Group And On
Behalf Of My Group
Member’s,,,,,
4. Let’s Come To The Main Point,,,,,,
What Is Joint Stock Company?
The Company Is A Form Of Business Organization
In Which The Funds Of A Large Number Of
Investors Are Managed by A Few Persons For The
Purpose Of Earning Profits, Which Are Shared By
All investors. According To The Company Act, “A
Company Formed And Registered Under This Act
or An Existing Company”
5. Now I’m Going To Show You The Essential Elements Of
A Company,,,,,,,,,,,,,
1) Creation Of Law
2) Artificial Person
3) Voluntary Organization
4) Number Of Shareholder
5) Perpetual Succession
6) Limited Liability
7) Public Issue Of Share
8) Separation of Ownership And Management
9) Transfer Of Share
10) Definite Objectives
11)Huge Capital
12) Compulsory Registration
13) Democratic Management
14) Winding Up Through Provision Of Law
6. Now I’m Going To Give You A Short Description
About Essential Elements of Joint Stock
Company,,,,,,,,,,,
Creation of Law: A company is created by law.It is to be
formed as per provision of company act.
Artificial Person: A company is an artificial Person.It
has own common seal.
Voluntary Organization: In limited company shareholder
purchase share voluntarily.
Number of Shareholder: For public limited shareholder
the minimum number of shareholder should be seven and
maximum number is govern by number of share.For
private limited company minimum number is 20 and
maximum 50.
7. Perpetual Succession: A company enjoys benefit of perpetual
succession.
Limited Liability: The liability of the shareholder is limited to the
face value of share.
Separation of ownership and management: The company is
managed by board of directors elected by shareholder.
Public Issue of Share: A public limited company can issue
prospectus inviting public to purchase share,a private company
cannot.
Transfer of Share: The share of public limited company is easily
transferable either through personal dealing or through
eDxecfhinainteg eo.bjectives: The objective of the company is limited to
the purpose state in memorandum.
Huge Capital: The Company can arrange huge capital through sales
of its share.
8. Compulsory Registration: As per the company law, the company is to
be registered compulsory and the required documents are to be
submitted to register of joint stock companies and firms for that
purpose.
Democratic management: A company’s decision is made by
board of directors and directors are elected by share holder.
Winding up through provision of law: A company winding up
must follow provisions of company act.