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 total number of UAE public joint stock companies listed on DFM which disclosed their second quarter results reached 42 companies, with the exception of Amlak Finance, as it is already suspended due to procedural reasons.
The total number of UAE public joint stock companies listed on DFM, which disclosed their second quarter results, reached 46 companies.
BMG Financial Group, claimed to be the first company licensed by the Capital Market Authority (CMA) in the Kingdom as a major investment bank in the Gulf region, stated that the forum highlighted the latest developments and the most important new directions for the capital markets in Saudi Arabia, as well as the exchange of experiences with family businesses, which turned into public joint stock companies, registered in the capital market.
Muscat: The Capital Market Authority (CMA) has urged all joint stock companies and investment funds to activate the Oman Social Responsibility Initiative, which was launched by CMA on November 2, 2009.
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.
A press release issued by the Ministry today said that Riyadh-based Saad Al-Mubti and Partners Contracting Company with a capital of SR 140 million, Makkah-based Saraya Mubarakah Hotel Management Company with a capital of SR 2 million, and Seihat City-based Alam Al-Muntazah Holding Company with a capital of SR 2 million, will be transformed from the limited liability companies to the closed joint stock companies.
The Ministry of Commerce and Industry of Kuwait has conveyed that Iranians are contributing to the capital of 1378 companies in Kuwait, of which 7 are joint stock companies and 1371 individual.
Ever since their beginnings, joint stock companies have been very interesting as a legal form, i.
The legal framework for joint stock companies is clearer; this is of more value to the founders and the members of the partnership as reorganization makes NDC more transparent both for shareholders and for other market participants.
Joint stock companies come in two forms in Russia: "open type" (OJSC) and "closed type" (CJSC).
Al-Zamil Group is a diversified industrialist group established in both intermediate chemicals through direct investment, and in basic chemicals through two established Saudi joint stock companies that Al-Zamil group incorporated with others.
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.

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