Business Studies, asked by aryansinghthecoolguy, 7 months ago

define company ? explain types of company ?​

Answers

Answered by ta3951
0

Answer:

Definition:

A company is that form of business organization, which is created by law. It refers to an association of persons, created to undertake business activities, having a separate legal existence, perpetual succession and a common seal.

Attachments:
Answered by ananyaanuj2006
3

A company is a body corporate or an incorporated business organization registered under the companies act It can be a limited or an unlimited company, private or a public company, company limited by guarantee or a company having a share capital, or a community interest company

Types Of Companies

A company can be classified into various types depending upon the following requirements:

Classification Of Companies By Mode Of Incorporation

Royal Chartered Companies

These companies are formed under a special charter by the monarch or by a special order of a king or a queen Few examples of royal chartered companies are BBC, East India Company, Bank Of England, etc

Statutory Companies

These companies are incorporated by a special act passed by the central or state legislature These companies are intended to carry out some business of national importance For example, The Reserve Bank of India was formed under RBI act 1934

Registered Or Incorporated Companies

These companies are formed/incorporated under the companies act passed by the government These companies come into existence only after these are registered under the act and the certificate of incorporation is passed by the Registrar of companies

Similar questions