List and briefly explain any two disting | Class 11 Business Studies Chapter Forms of Business Organisation, Forms of Business Organisation NCERT Solutions

Question:

List and briefly explain any two distinguishing features of a Joint Stock Company.

Answer:

Separate Legal Entity: A joint stock company has its own legal identity, separate from its shareholders, which allows it to own property, sue, and be sued.
Limited Liability: The liability of shareholders is limited to the value of their shares, protecting personal assets from company debts.

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Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 3: List and briefly explain any two distinguishing features of a Joint Stock Company.....

List and briefly explain any two disting | Class 11 Business Studies Chapter Forms of Business Organisation, Forms of Business Organisation NCERT Solutions

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