Presentation on kinds of compay under Companies Ordinance, XLVII of 1984 of pakistan

2. Presentation
By
Waqas Balouch

3. Topic
Kinds of Company

4. Kinds of Company
Company is divided into three main kinds

5. Kind of Company
Chartered company
Chartered company are those company which are establish
by the special grant of king or queen
Example
• East India Company
• Bank of England

6. Kind of Company
Statutory Company
Statutory company are those company which are establish
by special act of Parliament
Example
• PIA
• WAPDA
• State Bank of Pakistan

7. Kind of Company
Registered Company
Registered Company are those company which are establish and
registered under Company ordinance, 1984

8. Registered Company
Registered Company are divided into three kinds
Company for
profit
Company not for
profit
Government
owned Company

9. Company for profit
Company for profit are those companies which issue
stock to its members

10. Company not for profit
Company for profit are those companies which
do not issue stock to its members
Company not for profit is sub divided into one kind
Company limited by
guarantee

11. Government owned Company
Government owned Company are those company in which maximum
Shares are own by government.
51%

12. Company for profit
Company for profit are sub divided into three kinds
Private Company
Public Company
Single member
Company

13. Private Company
According to section 2(28) of the Companies ordinance, 1984
"private company" means a company which, by its articles,—
(i) restricts the right to transfer its shares, if any;
(ii) limits the number of its members to fifty not including persons
who are in the employment of the company; and
(iii) prohibits any invitation to the public to subscribe for the shares,
if any, or debentures of the company:
Provided that, where two or more persons hold one or
more shares in a company jointly, they shall, for the purposes of
this definition, be treated as a single member;

14. Public Company
According to section 2(30) of the Companies ordinance, 1984
"public company" means a company which is not
a private company;

15. Single member Company
In Single member Company one person is all in all

16. Difference between private company
and public company
 Maximum number of members
 Minimum numbers of members
 Transfer of shares
 Sale of shares
 Statutory of meetings
 Maintenance of books of accounts
 Numbers of directors
 Title
 Allotments of shares
 Issuance of prospectus
 Liability
 Obligation towards directors

17. Thank you