Unit : 1 Notices, Agenda & Resolutions Joint Stock Company A joint-stock company may be defined as a commercial organization that is owned jointly by all of its owners. The shares symbolise the fact that each shareholder owns a particular quantity of equity in the firm. This form of the company may be found all over the world and is the most common type of business enterprise. A Joint-Stock Company is formed when a group of individuals split a company's capital into transferable shares. Purchasing shares is the only method to become a part of this ownership network. According to James Stephenson, “a company is an association of many persons who contribute money or money's worth to a common stock and employs it in some trade or business, and who share the profit and loss arising there from”. Examples : Tata Motors Limited. Reliance Industries Limited, owned by Mukesh D. Ambani, is a premier example of the Joint-Stock Company in India. State Bank of India Jindal Steel &