CLASSIFICATION OF COMPANY

                                             CLASSIFICATION OF COMPANY

Company is a corporate body and a legal person having status personality distinct and separate from its members constituting it.

CLASSIFICATION:

                                    Company is broadly classified in to three types

Classification on the basis of incorporation:-

1.       Statutory companies.

2.       Registered companies.

                    

   Statutory companies:

                                                Companies incorporated by a special Act.

                    

  Registered company:

                                                Company incorporated under the company’s act 2013.

Classification on the basis of liability:

1.       Unlimited company.

2.       Company limited by share.

3.       Company limited by guarantee.

                                       

  Unlimited company:

                                   Company in which members has unlimited liability towards the company.

                                         

Company limited by share:

                                                     A company that has liability of its member limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them is termed as a company limited by share.

Company limited by guarantee:

                                                                A company that has the liability of its members limited to such amount as the members may respectively undertake by the memorandum to contribute to the assets of the company in the event of its being wound-up is known as a company limited by guarantee.

Other form of companies:

1.       Companies registered u/s 8 of the companies act 2013.

2.       Government company.

3.       Foreign company.

4.       Holding and subsidiary company.

5.       Associate company/ joint venture company.

6.       Investment companies.

7.       Producer companies.

8.       Dormant companies.