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Question
The features of a joint stock company are ______.
Options
Separate legal existence
Limited liability
Perpetual succession
All of these
MCQ
Fill in the Blanks
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Solution
The features of a joint stock company are separate legal existence, limited liability, perpetual succession.
Explanation:
A joint stock company has separate legal existence from its shareholders, perpetual succession, which allows the company to continue regardless of membership changes, and limited liability, which means shareholders are only liable for the company’s debts to the extent of their investment.
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