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