Finance:Open joint-stock company

Short description: Type of company in former Soviet countries

A public joint-stock company, abbreviated PJSC (Russian: Публичное акционерное общество, abbreviated Russian: ПАО) or open joint-stock company, abbreviated OJSC (Russian: Открытое акционерное общество, abbreviated Russian: ОАО), is a type of company in many successor states of the Soviet Union, particularly in Russia . Its distinguishing feature is the right of stockholders to trade in stocks without the permission of other stockholders.

These public stock companies are somewhat comparable to limited liability partnerships or corporations under US law.

See also

• Types of business entity in Russia
• Government-owned corporation#Russia
• Unitary enterprise

External links

• Public joint-stock company at International Legal Corporation