Question

Name types of company?​

Answer 1

Answer:

1. Royal Chartered Companies
2. Statutory Companies
3. Registered or Incorporated Companies
4. Companies Limited By Shares
5. Companies Limited By Guarantee
6. Unlimited Companies
7. Public Company (or Public Limited Company)
8. Private Company (or Private Limited Company)

Public Limited companies, here the transfer of shares is limited to its members and the general public cannot subscribe to its shares and debentures. Pvt Ltd companies are exempted from many rules and regulations which are applicable to Public Limited companies, for example, the need to file a prospectus with the Registrar, the need to hold the statutory general meeting or maintain annual reports etc.

Private Limited (Pvt Ltd) companies have more than 2 and less than 50 members and their liability is limited or unlimited depending on the type of the company it is.

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