on the basis of ownership companies can be of four types.Discuss the characteristics of these different types of companies.
Answers
Answer:
On the basis of ownership companies can be divided as
Government company: It is a company in which at least 51% of the paid up share capital is owned by the central or the state government. The rest is owned by an individual or a private company. Example: Coal Mines Authority Ltd.
Non-Government company: It is a company which is not owned by the government but instead by a private individual or group of individuals. Example: HelpAge India.
Explanation:
Types of Companies
Company forms of businesses have become immensely popular over the years. Their development has led to the creation of so many new types of companies. Companies are to be classified on the basis of liabilities, members and on the basis of control.
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
We can classify all these companies in various categories.
Classification of Different Types of Companies. (pasted above)
