These objectives are said to be the guidelines of the company’s activities and purpose of existence and are usually defined during the incorporation of a company.
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.
The Companies Act of 2013 replaced the erstwhile 1956 Act, giving a comprehensive approach to laws and regulations governing all listed and unlisted companies in India.