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.
Upon insolvency, bankruptcy, or liquidation of a company, the personal assets of the shareholders cannot be used to meet the financial burden of the company.
The complete specification application must include: Title of the invention Description of the invention Should have at least one claim for the invention, and One drawing to illustrate the working of the invention.