Question

Explain different types of companies on the basis of registration.​

Answer 1

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➦ Classification of Companies on the basis of incorporation

• Royal Charter Company.
• Statutory Company.
• Registered Company.
• Companies limited by shares:
• Companies limited by guarantee.
• Unlimited Liability Company.
• Private Company.
• Public Company.

More to know:

Company:

A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.

Principal:

A principal is essentially another name for a company owner or member; at some corporations, the principal is also the founder, CEO, or even the chief investor.

Firm.

Philosophy:

A company philosophy is “The way we do things around here.” In a conventional sense, company philosophy stands for the basic beliefs that people in the business are expected to hold and be guided by – informal unwritten guidelines on how people should perform and conduct themselves.

Common Company Values

• Integrity.
• Boldness.
• Honesty.
• Fairness.
• Trustworthiness.
• Accountability.
• Learning.
• Customer Experience.

Answer 2

Types of Companies

Companies Limited by Shares

Companies Limited by Guarantee

Unlimited Companies

One Person Companies (OPC)

Private Companies

Public Companies

Holding and Subsidiary Companies

Associate Companies

Companies in terms of Access to Capital

Government Companies

Foreign Companies

Charitable Companies

Dormant Companies

Nidhi Companies

Public Financial Institutions