JOINT STOCK COMPANY

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). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company.

REFERENCE:

https://www.youtube.com/watch?v=0UB2Y86N7Vw

http://www.accountingnotes.net/company-management/joint-stock-companies/management-of-joint-stock-companies/8184

https://www.linkedin.com/pulse/20140618184048-82463117-role-and-duties-of-a-company-secretary

https://www.linkedin.com/pulse/20140618184048-82463117-role-and-duties-of-a-company-secretary

http://download.nos.org/srsec319new/319EL7.pdf

http://organizationinnepal.blogspot.in/2010/04/advantages-and-disadvantages-of-joint.html

Secretarial practices 11th std textbook.