What is the difference between a PJSC and an OJSC?

[sadiksojib35]

The main difference between the two forms of company registration is the possibility of placing shares and bonds. In a PJSC, they can be placed publicly, while an LLC cannot issue its own shares.



What is the difference between LLC and OJSC?
OJSCs differ from limited liability companies by the absence of armenia whatsapp number data restrictions on the number of founders. In LLCs, this figure must not exceed 50.

In addition, they differ in the possibilities of alienation of shares. If the holder of securities of an OJSC wants to sell them, he will not need the consent of other shareholders to do so. While a shareholder of an LLC must first offer to buy out his share to other owners. Only after their refusal can the company's securities be sold to outsiders.



What is the difference between OJSC and JSC?
According to the new rules, JSCs are now called former CJSCs (closed joint-stock companies). However, they still remain closed, meaning that not everyone can buy shares in such companies, but only a certain circle of people. The number of shareholders is also limited to 50 people. Another difference is the size of the authorized capital. In JSCs, it can be 100 minimum wages. In OJSCs, it is 1,000 minimum wages.