Features of a Joint Stock Company Under the Companies Act, a joint stock company has certain merits and provisions that it can enjoy, such as separate legal entity and perpetual succession.
Liquidation Process and Purpose When a company is being dissolved and the winding-up process is initiated, the value of the company’s assets is first realised.
The rights granted by the government are called Monopoly Rights, and hence no other individual or company can use the invention or include the patented technology in the production of goods without prior permission.