![]() its invisible and intangible Person it can incur debts, own property, borrow money, enter contracts etc.Ħ Business Business Owners IN THE EYES OF LAW has own legalĢ. It is formed for carrying out business activities It a legal statues independent of its members.Ĥ JOINT STOCK COMPANY It is a voluntary association of individuals for profit, having a capital divided into transferable shares, the ownership of which is the condition of membership.ĥ Features 1.Artificial Person Artificial no body, soul i.e. ![]() Also a risk of unlimited liabilityģ MEANING OF COMPANY A company is an association of persons. ![]() Presentation on theme: "JOINT STOCK COMPANY By- RUNA."- Presentation transcript:Ģ Why Company? In a partnership we cannot exceed 20 members So there is a limit of contribution of capital, resources, wisdom etc.
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