types of company

TYPES OF COMPANY

PRESENTATION DONE BY ALPHIN JOSE

IT s voluntary incorporated association which is an artificial person created by law with limited liability having common seal and perpetual succession. According sec 3(1)I of companies act company means “a company formed and registered under the act, or an existing company.

DEFENITION

Companies are classified on the basis of Incorporation Liability of members Number of members Ownership control

TYPES

Statutory companyThese companies are those in corporate

under special act passed by the parliament or the state legislature.

Registered companiesThose companies are those formed and

registered under the Indian companies act.

On the basis of incorporation

Company limited by shares A limited company is one in which the liability

of the members is limited. The liability of the members is limited to the amount if any unpaid on shares, held by them.

Companies limited by Guarantee Those companies are registered companies in

which the liability of the shareholders to contribute to the asset of the companies in the event of the company being wound up is limited by its memorandum of association.

On the basis of liability

Unlimited companies A company not having any limit on the

liability of its members is termed as the unlimited companies.

continoues

On the basis of members Private companiesA private company means a company which

has minimum paid up capital of one lack rupees.

Public companiesA public company is not a private company

and which has minimum paid up capital of five lack rupees or as prescribed.

Government companies The company which is owned by

government. Paid up capital of the Govt in these companies is minimum 51%.

Non government (foreign company) The companies registered outside the India

and run business within India.

On the basis of ownership

Holding companyHolding company is the company which holds

and control the other company.Subsidiary companyIt is the company which is holded by other is

known as subsidiary of other.

On the basis of control

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