The specific differences are as follows.
One: concept:
Joint stock limited company: refers to a company established by a certain promoter or raised by the public. The company's capital is divided into equal shares, and investors are liable for the company's debts with the subscribed shares, and the company is liable for the company's debts with all its property.
Listed companies: Article 12 1 of the Company Law. A listed company as mentioned in this Law refers to a joint stock limited company whose shares are listed and traded on a stock exchange. At least the following conditions must be met: (Note at least, because the stock exchange can improve the conditions)
(1) The shares are publicly issued with the approval of the State Council Securities Regulatory Authority;
(2) The total share capital of the company is not less than 30 million yuan;
(3) The publicly issued shares account for more than 25% of the total shares of the company; If the company's total share capital exceeds 400 million yuan, the proportion of publicly issued shares is more than 10%;
(4) The company has no major illegal acts in the last three years, and its financial and accounting reports have no false records.
Two: the difference between shares:
First, both can issue shares. Shares are divided into registered shares and bearer shares, and the issuance methods are divided into public offering and private offering. Stock trading is a registered stock that is publicly issued. Only this kind of stock can be listed and traded, others can only be transferred according to law and cannot be listed and traded. Therefore, a joint stock limited company or a listed company can issue a variety of stocks. The difference is that there is always one more listed company than a company limited by shares: stocks that can be listed and traded.
The content of this article comes from: China Law Publishing House "General Knowledge Series of Legal Life"