Open Joint Stock Company

Open Joint Stock Company - Open Joint Stock Company is a stock to sell through a corporation that has publicly traded shares that trade without the permission of other shareholders and is not subject to limitations. It can have infinite number of shareholders. For example a company, principally engaged in the exploration and sale of base and precious metals. The company or corporation is a major producer. It is an independent institution with the freedom to buy and sell at the company or corporation's discretion. Other institutions are not as free to buy and sell stock certificates and include members of the board of directors.