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 ?
The recent amendments require all insurance companies in Oman to be now incorporated or registered as public joint stock companies with a minimum paid-up share capital of RO10mn.
The forum discussed the importance of transforming the family businesses into public joint stock companies and the benefits that they attract to maintain what grandparents and parents had built from their work, their achievements and the wealth they created, through the development of the constitution of the family and the framework of governance within the rules and regulations of the CMA.
Dr Yahya al Shatheli, Legal Expert at the Office of CMA Executive President for Legislation and Development, presented a working paper on the organisation of joint stock companies, how they are enlisted in the stock market, as well as the legal and administrative frameworks for new companies.
If a person is reluctant to invest all the available funds in a single joint stock company, it is advisable to distribute the investment into several joint stock companies, thus reducing the risks.
314 billion distributed onto joint stock companies, closed joint stock companies, funds, securities and sukuk market.
Abu Dhabi: The Dubai Financial Market (DFM) announced on Sunday that its listed local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of financial results for Q2 2014 within the deadline of 45 days from the end of the period.
Dubai Financial Market (DFM) today announced that its listed local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of Q2-2014 results within the deadline of 45 days from the end of the period.
Dubai Financial Market (DFM) has revealed that its listed local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of Q2-2013 results within the deadline of 45 days from the end of the period.
Summary: The Emirates Securities and Commodities Authority (SCA) has announced that the rate of disclosure of financial statement by local public joint stock companies for the first half of the current year has reached 99.
A forum is being held on July 23 to discuss the future of family businesses and the advantages of their conversion into joint stock companies.
The Securities and Commodities Authority (SCA) has announced that local listed public joint stock companies have shown a compliance rate of 98.
He added that the Minister has also approved the establishment of Inma Al-Rawabi Company and Fifa Al-Ahadiyah Holding Company as closed joint stock companies, each one with a capital of SR 2 million.

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