Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsINDUSTRIAL SECTOR2 Marks
Question
Give example of Joint Stock Companies.
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Answer
The units managed by government like private companies according to company laws, for which government raise capital by issuing and selling shares to the people or institutes are known as joint stock companies.
These units are free from the direct control of government .
Administrators has given more power and authority to manage and take decisions than the units of public sector.
E.g., Oil and Natural Gas Ltd, Hindustan Machine Tools, Indian Oil Corporation, etc. are the example of Joint Stock Company.
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