Is there a difference between a joint stock company and a joint venture - Business Studies - Forms of Business Organisations

Question

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

Manisha Arora · Accepted Answer

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

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.

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