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.
Golden Telecom purchased 60% of ST for a total cash purchase price of approximately $5 million from Open Joint Stock Company "Vimpel-Communications" ("VimpelCom").
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.
The admission to trading comes after the Russian Federal Service for Financial Markets registered the share prospectus of Comstar UTS, which recently changed its legal status of closed joint stock company ZAO Comstar to open joint stock company OAO Comstar UTS.
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.
The first legal steps in this consolidation process have been taken with the change in the legal status of closed joint stock company ZAO Comstar to open joint stock company OAO Comstar UTS and the acquisition of 20% stake in Telmos by Comstar UTS from Sistema.
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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