Where a joint stock limited company is established by way of share offer, the promoters cannot pay their contributions by installments. ( )

Answer: the wrong question examines the way in which a joint-stock company is established. A joint stock limited company is an open company that can issue shares to the society. Therefore, it can set up a company through sponsorship or fund raising. Where a joint stock limited company is established by offering, the shares subscribed by the promoters shall not be less than 35% of the total shares of the company. Therefore, there is no provision that sponsors cannot pay their contributions in installments when they are established by way of raising.