Joint stock company


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Joint stock company

A form of business organization that falls between a corporation and a partnership. The company sells stock, and its shareholders are free to sell their stock, but shareholders are liable for all debts of the company.

Joint Stock Company

A company that issues stock and requires shareholders to be held liable for the company's debt. In other words, a joint stock company combines features of a general partnership, in which owners of a company split profits and liabilities, and a publicly-traded company, which issues stock that shareholders are able to buy and sell on an exchange. See also: Publicly-traded partnership.
References in periodicals archive ?
From then on, it was no longer required to have any special approval in order to establish a joint stock company, only to fulfill legal requirements i.
On June 29, 2016, the Company uses the following full and abbreviated name in Russian: Public Joint Stock Company "Acron" (PJSC "Acron"), as well as full and abbreviated name in English: Public Joint Stock Company Acron (PJSC Acron).
7 billion loan at LIBOR + 3% for 20 years to the joint stock company for construction of Kambarata-1 water power station, in which Electric Stations OJSC and Russian Unified Energy System will have 50% in equity capital.
Summary: Riyadh, July 06, 2010, SPA -- The Minister of Commerce and Industry, Abdullah bin Ahmed Zainal Ali Reza has approved transformation of United Aziziah Panda Company from limited liability company to a closed joint stock company.
Open Competition: Carrying Out The Statutory Audit Of Accounting (Financial) Statements Of Open Joint Stock Company Road Safety For 2016
Summary: Riyadh, June 21, 2010, SPA -- The Minister of Commerce and Industry, Abdullah bin Ahmed Zainal Ali Reza has approved the transformation of Saudi Perlite Industries Company from limited liability company into a closed joint stock company and the establishment of Company of Integration Capital.
Al-Ahly for Real Estate Development, a joint stock company of Egypt, has been exploring the opportunity to begin a number of housing projects in the Kingdom Saudi Arabia (KSA) by the end of 2016.
Summary: Riyadh, June 19, 2010, SPA --The Minister of Commerce and Industry, Abdullah bin Ahmed Zainal Ali Reza has approved the establishment of Najahat Company for Investment and Development as a closed joint stock company, which is currently under construction.

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