Question

(3) Explain the types of company.​

Answer 1

Answer:

The three basic types of companies which may be registered under the Act are:

Private Companies;

Public Companies; and

One Person Company (to be formed as private limited (pvt.ltd) )

Answer 2

Answer:

Commonly known types of Companies like, Private Company and Public Company are defined based on number of members (shareholders). In any company, except OPC, the membership can be held by any individual or even a body corporate. Even foreign nationals or NRI can participate as members in such companies.