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S ri.J. Masthani, Lecturer in Commerce G dc Men, Kurnool.

S ri.J. Masthani, Lecturer in Commerce G dc Men, Kurnool. Kinds of company. Introduction of company : kinds of business organizations. Sole proprietorship, Partnership Company ( capital, liability).

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S ri.J. Masthani, Lecturer in Commerce G dc Men, Kurnool.

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  1. Sri.J. Masthani, • Lecturer in Commerce • Gdc Men, Kurnool.

  2. Kinds of company

  3. Introduction of company : kinds of business organizations. • Sole proprietorship, Partnership Company (capital, liability) • Meaning of company : A group of people who work together professionally for common purpose (profits) manufacturing sells products, (goods) And provide service as a commercial purposes.

  4. I. By mode of incorporation • A) Chartered companies. Incorporated under a special charter by a monarch(King) • Ex: the east India company the bank of England. • Powers and nature of business. such type of companies do not exist in India

  5. B) Statutory Companies • Incorporated by special act passed by the central or state legislature. • Ex: LIC, RBI, SBI, IFCI,etc • Such companies do not have any memorandum or articles of association. the companies have powers from the act

  6. C) Registered companies • Has registered companies ACT 1956 and 2013 (new company Act) • A certificate has been Issued by the Registrar of Companies Act

  7. II) on the basis of number of members • Private company (according to companies Act 1956) • private company • 1) must have minimum capital one lack • 2) Restriction of members • minimum-2 maximum-50 • (Extend to 200) 2013 New Companies Act

  8. 3) Restriction on transfer of shares (not easy to transfer of shares) 4) A Private company use the word Pvt Ltd. after its name. Ex: Flip kart online sales Pvt Ltd company, Amazon pvt Ltd- company

  9. B) Public company According to companies Act 1956. A company which is not a private company.

  10. Have minimum capital 5 lacks • No restriction on the maximum number of the company .Minimum 7, maximum unlimited. • No restriction on transfer of shares. • A public company use the word public Ltd. • Ex: ONGC, L&T, IOC

  11. III) On the basis of control. • A) Holding company • It has control over the other company. • Holding more than 50% of share capital.

  12. Controlling authority and voting rights. • Rights to appoint the board of Directors • A Holding company have any number of subsidiaries (A B C)

  13. B) subsidiary company • Company is known as a subsidiary of another company (Holding company) when its control by the Holding company. • Ex:TATA Sons Ltd company. Holding company. TATA Steel, TCS, TATA motors. subsidiary Companies.

  14. Government company • A company have share capital more than 51% by the central or state Govt or jointly. • Appointed an Auditor by the Govt (CAGI) Ex: NTPC, STC, BHEL, HMT, etc

  15. Foreign company • Incorporated outside India has established place in India. For business • Ex: coca cola, Mc Donald's, pizza hut, etc.

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