What are the silent features of assessment of joint stock company?

Distinguishing Features of Joint Stock Company: Separate Legal Entity: A joint stock company has a separate legal existence apart from the persons composing it. Perpetuity: Limited Liability: Number of Members: Separation of Ownership from Management: Transferability of Shares: Rigidity of Objects: Financial Resources: Click to see full answer. Thereof, what are the silent features of assessment of joint stock companies? Silent Features of Joint Stock Company Formation Formation. A company is a corporate body. Finance. A company is limited by shares raises at the time issuing of a prospectus, and general public is invited to purchase shares of the company. Control. Management. Duration. Double Taxation. Irredeemable Share Capital. Winding Up. Similarly, what are the objectives of joint stock company? Aim and objective of joint stock company Increase of authorized capital, raising size of own capital. Expansion of activity of the Bank by obtaining a License providing right to carry out transactions in foreign currencies and further entry into the deposit insurance system. Thereof, what do you mean by joint stock company and its features? A Joint Stock Company is a voluntary association of persons to carry on the business. The Companies Act 1956 defines a joint stock company as an artificial person created by law, having separate legal entity from its owner with perpetual succession and a common seal.What are the advantages and disadvantages of joint stock company? Advantages of Joint Stock Company The liability of shareholders is limited to the amount they have invested in the business. It means their personal property remains safe in case of bankruptcy. This advantage encourages large number of investors to invest in the business.