# The Companies (Northern Ireland) Order 1986 (revoked), Article 632: Definition of “joint stock company”

Extent: N.I.

(1) For the purposes of this Chapter as far as relates to registration of companies as companies limited by shares, “joint stock company” means a company—
(a) having a permanent paid-up or nominal share capital of fixed amount divided into shares, also of fixed amount, or held and transferable as stock, or divided and held partly in one way and partly in the other, and
(b) formed on the principle of having for its members the holders of those shares or that stock, and no other persons.
(2) Such a company when registered with limited liability under this Order is deemed a company limited by shares.

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Source: https://www.legislation.gov.uk/nisi/1986/1032/article/632 (the official version)
Page: https://openlegislation.uk/companies-northern-ireland-order-1986-revoked/article-632
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.