Question

explain company also explain
type of Company​

Answer 1

Answer:

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

Answer 2

These companies may or may not have a share capital and the liability of each member is limited by the memorandum to the extent of the sum of money (s)he had promised to pay in the event of liquidation of the company for payments of debts and liabilities of the company.

Classification of Companies by Mode of Incorporation :

Royal Chartered Companies

Statutory Companies

Registered or Incorporated Companies

Classification of Companies based on the liability of the members :

Companies Limited By Shares

Unlimited Companies

Classification of Companies based on The Number of Members :

Public Company (or Public Limited Company)

Private Company (or Private Limited Company)

One Person Company