Is there a difference between a joint stock company and a joint venture?

Yes Sowmiya, there is difference between the two entities i.e. Joint Stock Company and Joint Venture. The following points make it clear. 
Basis of Difference Joint Stock Company Joint Venture
Meaning Form of an organisation where in group of person of an association to perform business activities together. From of temporary partnership between two or more persons to undertake a venture for profit.
Act Companies Act, 1956 applies for such companies. No specific Act is applicable but being in the nature of partnership, Partnership Act, 1932 applies.
Ownership Lies in the hands of the shareholders. Lies in the hands of co-venturers.

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