Pakistan study notes for Matric, Intermediate, B.A, B.COM BSC, M.A, BCS. Free Pakistani Urdu educational school, colleges and University notes.

Classification of joint stock company

Q: On what grounds a joint-stock Company is classified?

Ans: A joint Stock Company could be classified on one of the following grounds:

a. Classification by incorporation

b. Classification by shares

c. Classification by financial liability and,

d. Classification by ownership

Q. On the basis of nature how many kinds of a joint stock company?

Ans: On the basis of nature of its incorporation, a joint stock company could be classified into the following kinds:

1, CHARTERED COMPANIES

2. STATUARY COMPANIES

3. REGISTERED COMPANIES

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