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 ?
Eximbank (Vietnam Export Import Commercial Joint Stock Bank), Since 2010
The company stated that the transaction will help TMT Joint Stock Company expand its vehicle assembly business and distribution network in Vietnam.
Unlike the case for private joint stock companies, the new law does not allow existing PJSCs to be exempt from this increased share capital requirement.
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 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 Old Joint Stock Theatre hosts plays throughout the year and also showcases local comedians and live jazz.
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.
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.
International Resource News-April 3, 2012--PHI Group Inc to acquire 51 percent equity interest in Vietnam-Hungary Technological Application Joint Stock Company(C)1994-2012 ENPublishing - http://www.

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