COMPANIESIncorporatedStatutoryCompanies RegisteredCompaniesExistingCompaniesNewly FormedCompaniesCompanieslimited byshares...
1. Statutory Companies – Companies createdby a special act of the legislature. Theseare mostly concerned with public utili...
1. Companies with limited liability:(A). Companies limited by shares.The liability of the members limited onlyup to face v...
2. Unlimited companies – Section 12 specificallyprovides that any 7 or more persons ( 2 or more incase of a private compan...
1. Private Company : A company which has a minimum paid upcapital of Rs. 1,00,000 or higher paid upcapital as may be pres...
2. Public Company- means a company which(a) Is not a private company and members 7-unlimited(b) Has min paid up capital of...
1. Holding company :- a company is holdingof another company if it has control overthat other company.2. Subsidiary :- a c...
1. Govt. company:- it means any company inwhich not less than 51% of paid up capitalis held by central, state or partly by...
 It means any company incorporated outsideIndia which has established its place ofbusiness in India , where a minimum of ...
 This is the company in which one man holdspractically the whole of the share capital ofthe company & in order to meet th...
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Kinds of companies
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Kinds of companies

Published on: Mar 3, 2016
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Transcripts - Kinds of companies

  • 1. COMPANIESIncorporatedStatutoryCompanies RegisteredCompaniesExistingCompaniesNewly FormedCompaniesCompanieslimited bysharesCompanieslimited byguaranteeUnlimitedcompaniesPrivate Co. And PublicCompanies
  • 2. 1. Statutory Companies – Companies createdby a special act of the legislature. Theseare mostly concerned with public utilities.Reserve Bank of India, LIC, GIC, Railways,Tramways, NHAI.2. Registered Companies – Which are formed& registered under the companies act,1956. BHEL, SAIL, GAIL, BEML, ONGC, OILand RNRL.
  • 3. 1. Companies with limited liability:(A). Companies limited by shares.The liability of the members limited onlyup to face value of the share. It may bepublic or a private company.(B). Companies limited by guarantee – Liabilityof the member is limited to a fixed amountwhich the member undertake to contributeto the assets of company in the event ofwinding up.
  • 4. 2. Unlimited companies – Section 12 specificallyprovides that any 7 or more persons ( 2 or more incase of a private company ) may form anincorporated company, without limited liability. Incase of such a company, every member is liable forthe debts of the company.
  • 5. 1. Private Company : A company which has a minimum paid upcapital of Rs. 1,00,000 or higher paid upcapital as may be prescribed, and by itsArticles-(prohibits any invitation to public) A) restricts the right to transfer its shares, ifany. This restriction is meant to preserve theprivate feature of the company. Limits the members to 2-50. Donot accept deposits accept from members,also no subscription from members
  • 6. 2. Public Company- means a company which(a) Is not a private company and members 7-unlimited(b) Has min paid up capital of Rs. 5,00,000.(c) It may be :- Listed public company Unlisted public company Diff between both When does pvt co becomes public and vice versa
  • 7. 1. Holding company :- a company is holdingof another company if it has control overthat other company.2. Subsidiary :- a company is known assubsidiary of another when the control isexercised by latter. I.e. controlling BOD,majority of shares, subsidiary of anothersubsidiary
  • 8. 1. Govt. company:- it means any company inwhich not less than 51% of paid up capitalis held by central, state or partly bycentral & partly by state.Rules- appointment of auditor and auditreports to comptroller, also annual reportto parliament2. Non- govt. company:- it is controlled &operated by private capital
  • 9.  It means any company incorporated outsideIndia which has established its place ofbusiness in India , where a minimum of 50%of the paid up share capital( equity orPreference) /Mix is held by one or morecitizens of India or one or more bodycorporates incorporated in India.
  • 10.  This is the company in which one man holdspractically the whole of the share capital ofthe company & in order to meet thestatutory requirements of min members,some dummy members who are mostly hisrelations or friends hold just 1 or 2 shareseach. E.g- A private company is registered with ashare capital of Rs 5,00,000 divided into 5000shares of 100 each. Of these shares 4999shares are held by A and one share is held byA’s Wife, B. This is a one man Company.
  • 11. THANK YOU

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