According to the regulations, a joint stock limited company can be established by means of initiation or raising, so option A is wrong; Initiation of establishment refers to the establishment of a company by the sponsors subscribing for all the shares that the company should issue, so option B is wrong; If a joint stock limited company is established by offering, when the company is established, not only the promoters, but also people other than the promoters subscribe for the shares to be issued by the company, so option C is wrong.