joint stock company

Meaning and Definition The Company is an artificial legal person created by law. A Company has a right to sue and can be sued, can own property and has banking account in its own name, own money and be a creditor. A Company has a separate legal entity, which is distinct ...

The capital of a joint stock company is divided into shares and called ‘Share Capital’. The share capital may be classified as below: (1) Nominal: This is the amount of the capital which is stated in Memorandum of Association and with which the company is registered. Nominal capital is the maximum ...