Question

Is joint stock company different from private and public companies? Business studies

Answer 1

Joint Stock Company is of two types: Private Company and Public Company.

Basis of Difference	Private Company	Public Company
Minimum Members	2	7
Maximum Members	50	Infinite
Minimum Share Capital	2 lakhs	5 lakhs
Minimum Directors	2	3
Transferability of Shares	Restricted	Freely Transferable