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 ?
Vietinbank (Vietnam Joint Stock Commercial Bank For Industry And Trade), Since 2009
The automaker will be providing completely knocked down vehicles and completely built units to TMT Joint Stock Company.
The most useful changes adopted in the new CCL are provisions allowing sole shareholder limited liability companies, or LLCs, and private joint stock companies, or PrJSCs; exempting government-owned companies from the new CCL if the company includes a provision in their memorandum to that effect; allowing partners to pledge their interests in LLCs; allowing certain non-pre-emptive share issuances by joint stock companies, or JSCs; and allowing founders to list their businesses yet retain 70 per cent of the shares.
A spokesman for The Old Joint Stock Theatre said: "The cast have had training from a local puppeteer.
The lowest nominal value of basic capital assets required for founding a joint stock company are 50,000 [pounds sterling] in MKD counter value--by a public invitation, 25,000 [pounds sterling] in MKD counter value without a public invitation, the minimum nominal value of the share shall not be lower than 1 [euro] in MKD counter value.
Previously, Kyrgyzstan purchased the fertilizers from the State Joint Stock Company Uzkimyosanoat.
The story begins in the grounds of Birmingham Cathedral then moves to 10 different places in the famous Old Joint Stock pub and the nearby Wellington, with a new scene unfolding each time.
Muscat, Jan 29 (ONA) The Capital Market Authority (CMA) started getting the feedback of the joint stock companies, audit and legal firms about the first draft document related to amending the corporate governance chart, which was drafted by the corporate governance action team formed by CMA to revise the corporate governance chart for the joint stock companies and improve the corporate governance practices in the Sultanate.
Formerly the Old Joint Stock Bank, this imposing Victorian Grade II listed building, opposite St Philip's Cathedral, has elaborate features both internally and externally.
Zain Iraq is establishing a joint stock company to allow it to list 25% of its shares on the Iraqi Stock Market.
A SELECTION of the comedy improvisers from all over the country will perform at Old Joint Stock Theatre in Birmingham for a hilarious night of laughter, thrills, and making it up on the spot - all with the aim of crowning the UK's top Improv comedian.
Manama-Jan13(BNA)His Majesty King Hamad bin Isa Al-Khalifa today received a cable of thanks from Arab Joint Stock Exchange chairman Safar bin Ayedh Al-Harthi who hailed the Royal initiative to host the pan-Arab project headquarters in Bahrain.

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