Question

what is company? How many types of company?

Answer 1

according to section2(20) of companis Act 2013, companies mean" a company incorporated under companies act or any other previous company law"
two types of company -(1) private company
. (2) public company
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Answer 2

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Company refers to a group of people working together to achieve something like, developing a software as a team, running hotels etc. Legally a company needs to be registered as private limited or partnership firm.

Types Of Companies

Based On The Number Of Members

• Public Limited Company
• Private Limited Company
• ONE Person Company

Based On The Liability Of The Members

• Companies Limited By Shares
• Companies Limited By Guarantee
• Unlimited Company

Based On The Mode of Incorporation

• Chartered Companies
• Registered Companies
• Unregistered Company
• Limited Liability Company (LLC)
• Business Corporation
• Government Company