2. Unit Objectives
Understand the kinds of companies
Understand the exemptions and privileges enjoyed by private
companies
Be familiar with the distinction between a private and public
company
Understand how a private company may be converted into public
company and vice versa
4. Mode of Incorporation
Chartered companies
Statutory Companies
Registered or incorporated
companies
Liabilities
Companies limited by Shares
Companies Limited by
Guarantee
Unlimited Companies
Number of Members
Private Company
Public company
Control
Holding companies
Subsidiary Company
Ownership
Government Companies
Non-Government Companies
Nationality
Indian Companies
Foreign Companies
Other
Licensed companies or
Companies for profit
One man company or family
company
5. Types of Companies
Registered
Companies
Mode of
Incorporation
Chartered
companies
Statutory
Companies
Registered or
incorporated
companies
Liabilities
Companies limited
by Shares
Companies Limited
by Guarantee
Unlimited
Companies
Number of
Members
Private Company
Public company
Control
Holding companies
Subsidiary Company
Ownership
Government
Companies
Non-Government
Companies
Nationality
Indian Companies
Foreign Companies
Other
Licensed companies
or Companies for
profit
One man company
or family company
Companies
Chartered
Companies
Statutory
Companies
Registered
Companies
7. Kinds of Companies according to the mode of
incorporation
Statutory company
Incorporated or registered company
8. Kinds of Companies on the basis of number of
members
Private company
Public company
9. Kinds of Companies on the basis of liability of
members
Companies limited by shares
Companies limited by guarantee
Unlimited companies
10. Other kinds of Companies
Licensed companies or Companies for profit
PTU Booklet-Page 23
One man company or family company
PTU Booklet-Page 23
Foreign company
PTU Booklet-Page 23
Government company
LE of IB LinksUnit22.5Foregn & Government Company.docx
Holding company & Subsidiary company
PTU Booklet-Page 25