Stage of Company

Joint Stock Company
- A joint stock company is a form of business organization that is owned by shareholders who have purchased shares of the company.
- The company's capital is divided into shares, and the liability of the shareholders is limited to the amount they have invested in the company.
- Shareholders have the right to receive dividends and to vote on important company decisions at annual general meetings.
- Joint stock companies can be public or private, with public companies being listed on stock exchanges for trading.
- They are governed by company laws and regulations that vary by country.

Forms of Business Organisations
- There are various forms of business organizations, including sole proprietorship, partnership, and corporation.
- A sole proprietorship is owned and operated by one individual, who is personally liable for the business's debts.
- A partnership involves two or more individuals who share profits and losses and are jointly liable for the business's obligations.
- A corporation is a separate legal entity from its owners, who are shareholders. Shareholders have limited liability and the company can raise capital by issuing shares.

BST CBSE Class 11
- In Business Studies (BST) for CBSE Class 11, students learn about various forms of business organizations, including joint stock companies.
- They study the advantages and disadvantages of different forms of business organizations and learn how to analyze and evaluate them.
- Students also learn about the legal and regulatory framework governing business organizations and the importance of corporate governance.
- BST Class 11 helps students develop critical thinking and decision-making skills related to business management and entrepreneurship.