A Public Joint Stock Company is a company whose capital is divided into shares of equal value, which are tradable, and whose founders subscribe for part of these shares while the remaining shares are offered to the public in a Public Offering. A shareholder shall be liable only to the extent of their contribution to the capital. The Cabinet, upon the proposal of the Authority, shall issue a resolution specifying the minimum and maximum percentage of shares to be subscribed by the founders.
Interpretation and application must be checked against the official text and current version.