Types of companies

TYPES OF COMPANIES

Presentation by: Yusupova.D

TYPES OF COMPANIES
Incorporated
Liability
Number of member
Control
Ownership
Companies
Statutory
companies
Registered
companies
Chartered
companies
Holding
Public
Private
Unlimited
Limited
Non-Government
Government
Subsidiary
CLASSIFICATION OF COMPANIES
I. On the basis of incorporation
1.Chartered companies:

Companies set up as a result of a royal charter granted by a king or queen of country are known as chartered companies. Example: East India Company, the Band of England etc.

2.Statutory companies:
Companies set up by Special Acts of Parliament or State Legislatures are called Statutory Companies. Example: Reserve Bank of India, Life Insurance Corporation of India, Unit Trust of India etc.
3.Registered Companies:
Companies registered under the Indian companies Act,1956 or under any of the previous companies Acts are called registered companies. Most of the companies in India belong to this category .
4.Licensed Companies:
Companies established for the promotion of arts, science, religion, charity or any other similar objects can obtain license under 25 seconds from the central Government and enjoy certain privileges.
5.Foreign Companies:
A company incorporated outside India under the law of the County of incorporation but having established its business in India is called Foreign Company.
II. On the basis of liability
1.Companies with limited liability:
It is a company where the liability of the shareholder remains limited to the nominal value of the shares held by them.
2. Unlimited Companies:
Here the liability of its member is unlimited. In other words, their liability extends to their private properties also. Unlimited companies are almost non-existent the days.