Pvt Ltd co V/s Ltd company
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There are several key differences between public and private companies. Public companies must have a minimum of 7 members while private companies need only 2. Private companies cannot have more than 50 members excluding employees, while public companies have no limit. Private companies can begin business immediately after incorporation but public companies need a certificate first. Public companies can issue shares to the public via prospectus, while private companies cannot solicit public investment. Private company shares have restricted transferability but public company shares can transfer freely. Public companies must have a minimum of 3 directors and hold statutory meetings, which private companies do not have to do. Director appointments and remuneration in public companies also have additional restrictions that do not apply to private companies.
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The document summarizes key aspects of company law in India as outlined in the Companies Act of 1956. It defines a company and lists its key characteristics such as separate legal entity status, transferable shares, and limited liability. It outlines different types of companies based on incorporation, liability, nationality, and public interest. It also describes the different types of companies that fall under each of these categories, such as private vs. public companies. Finally, it discusses the key documents of a company, namely the Memorandum of Association and Articles of Association.
Joint stock company
A joint stock company is a voluntary association of individuals formed for profit, with capital divided into transferable shares. Key features include limited liability for shareholders, perpetual existence separate from members, transferable shares, and common seal. There are various types of companies based on ownership, liability, incorporation, and number of members. A private limited company has restrictions on number and transfer of shares and number of members, while a public limited company can have unlimited members and transferable shares.
Unit 3 companies act
This document discusses key aspects of company law in India, including:
- The objectives of company law such as encouraging investment and preventing malpractices.
- The definition and characteristics of a company, including registration, separate legal entity status, and limited liability.
- The four types of companies based on incorporation, liability, nationality, and public interest. This includes private, public, government, and one-person companies.
- Key documents involved in forming a company like the memorandum of association, which defines the company's name, objectives, liability, and capital, and the articles of association.
- Differences between private and public companies and the process for converting between the two.
- Other
Company's Act 1956
The document provides an overview of company law in India according to the Companies Act of 1956. It defines a company and outlines its key characteristics such as separate legal entity status, transferable shares, and limited liability. It also categorizes companies based on their incorporation (chartered, statutory, registered), liability (unlimited, limited by guarantee, limited), nationality (national, multinational), and public interest (private, public, government). The types of companies are further described and distinguished. The document also discusses holding companies, subsidiary companies, one-man companies, and illegal associations.
Company law
This document defines and discusses different types of companies under Indian law. It begins by defining a company as an association formed for business purposes that is separate from its owners. It then discusses key characteristics of companies like limited liability and perpetual succession.
It classifies companies based on incorporation, liability, number of members, and control. Private and public companies are discussed in detail based on their minimum member requirements, ability to invite public investment, and other rules. The document also covers conversion between private and public companies, holding/subsidiary relationships, government companies, and regulations for foreign companies operating in India. Special privileges of private companies are outlined.
Companies Act 2013 (2).pptx
This document provides information on companies act 2013 and details regarding types of companies, private limited companies vs public limited companies, memorandum of association, articles of association, prospectus and formation of a company. It discusses the nature and characteristics of a company including perpetual succession, separate legal entity, transferability of shares, and more. It also summarizes key differences between private and public limited companies such as minimum members, transferability of shares, and deposit acceptance.
BOD: power and liabilities
The document discusses the board of directors, their powers and liabilities under Indian company law. It notes that every company must have a minimum of 1-3 directors depending on the type of company. Key points of the board include holding regular meetings, appointing different types of directors such as independent and woman directors, and restrictions on related party transactions. The powers of the board include managing the company and certain strategic decisions. Directors also have liabilities towards the company for negligence or breach of duties, and towards third parties for misstatements or non-repayment of funds.
BBA IIIrd Semester Corporate Environment full notes
The document provides information on the formation and registration of a company under Indian law. It discusses the key stages in company formation including promotion, incorporation, capital subscription, and commencement of business. It also describes the roles and responsibilities of a company secretary during the formation process and defines some important documents required for registration like the memorandum of association.
Companies
Project For Business Studies Class 11
Sub. Teacher- Preksha Mehta
Specially For- Students who want a Diffrentiation between public and private comapny, stages for formation of a company, privilage of a private comapny over public company.
indian Company law
The document discusses Indian company law and defines key terms related to companies. It describes a company as a voluntary association formed for a common purpose with capital divided into shares. Key features of a registered company include being a separate legal entity, having perpetual succession, and members having limited liability. The document outlines the different types of companies based on incorporation, member liability, ownership, and more. It also summarizes the process of company formation including promotion, incorporation, capital raising, and business commencement.
Companies Act, 1956
The document discusses the key characteristics and types of companies according to the Companies Act of 1956 in India. It defines a company as an association formed to carry out business with transferable shares owned by members. The key characteristics mentioned are that a company is an incorporated legal entity separate from its members, has perpetual existence, uses a common seal, and has delegated management. The types of companies are classified based on mode of incorporation, number of members, ownership, control and nationality.
Business law unit 4
This document provides information on companies and their formation. It begins by defining a company as a group of persons associated to achieve common objectives. It then lists the key characteristics of a company including that it is an artificial person, has separate legal entity, limited liability, and perpetual existence.
The document further discusses the types of companies based on incorporation, liability, number of members, control, and ownership. It also covers the differences between public and private companies. The formation process of a company involving promotion, incorporation, capital subscription, and commencement of business is outlined. The key primary documents of incorporation namely the memorandum of association, articles of association, and prospectus are explained. Finally, the document discusses winding up of companies.
Corp law by bhawani nandan prasad it director
This document provides an overview of key concepts in corporate law:
1. It defines a company and lists its important features such as separate legal entity, limited liability, perpetual succession, and more.
2. It distinguishes companies from partnerships and outlines some differences between public and private companies.
3. It discusses various types of companies including holding/subsidiary companies, government companies, producer companies, and deemed public companies.
4. It covers additional topics like foreign companies, disadvantages of incorporation, lifting the corporate veil, and circumstances where courts may pierce the corporate veil.
Types of companies (2).pptx
There are two main types of companies: private companies and public companies. A private company restricts the transfer of shares and has between 2-200 members. It does not invite public investment. A public company has a minimum of 7 members with no limit, allows free transfer of shares, and can invite public investment. Some key privileges of a private company are fewer directors and membership requirements compared to a public company. The choice of business organization depends on factors like ownership, capital needs, and regulation.
Types of companies.pptx
There are two main types of companies: private companies and public companies. A private company restricts the transfer of shares and has between 2-200 members. It does not invite public investment. A public company has a minimum of 7 members with no limit, allows free transfer of shares, and can invite public investment. Some key privileges of a private company are fewer directors and membership requirements compared to a public company. The choice of business organization depends on factors like ownership, capital needs, liability, and regulation.
Company.ppt
This document discusses company law and provides definitions and characteristics of companies. It defines a company as an association of persons who contribute money to a common stock for a common purpose. Key characteristics of companies include independent corporate existence, perpetual succession, transferability of shares, and limited liability. The document compares companies to partnerships and outlines the different types of companies, their formation process, advantages, and differences between private and public companies.
Basics of company accounts and issue of shares
The document provides information on company accounts including:
1. Types of companies such as statutory, government, foreign, registered, private and public companies.
2. Key aspects of shares such as types (equity, preference), issue, allotment, calls and forfeiture.
3. Maintaining of proper books of accounts and preparation of key financial statements for a company.
Joint stock company
- A joint stock company is a voluntary association of individuals who contribute money or money's worth to a common fund. The contributors share the profits or losses of the business proportionately.
- It has a separate legal entity from its owners, with its capital divided into transferable shares. Shareholders have limited liability and are not liable for the debts of the company beyond the face value of their shares.
- Joint stock companies allow for high capital accumulation as shares can be held by a large number of individuals. This facilitates large-scale industrial and commercial operations.
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◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
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Pvt Ltd co V/s Ltd company
- 1. 1. Minimum number of members The minimum number of person required to form a public company is seven, whereas in a private company their number is only two. 2. Maximum number of members There is no limit on the maximum number of member of a public company, but a private company cannot have more than fifty members excluding past and present employees. 3. Commencement of Business A private company can commence its business as soon as it is incorporated. But a public company shall not commence its business immediately unless it has been granted the certificate of commencement of business. 4. Invitation to public A public company by issuing a prospectus may invite public to subscribe to its shares whereas a private company cannot extend such invitation to the public. 5. Transferability of shares There is no restriction on the transfer of share In the case of public company whereas a private company by its articles must restrict the right of members to transfer the share. 6. Number of Directors A public company must have at least three directors whereas a private company may have two directors. 7. Statutory Meeting A public company must hold a statutory meeting and file with the register a statutory report. But in a private company there are no such obligations. 8. Restrictions on the appointment of Directors A director of a public company shall file with the register a consent to act as such. He shall sign the memorandum and enter into a contact for qualification shares. He cannot vote or take part in the discussion on a contract in which he is interested. Two-thirds of the directors of a public company must retire by rotation. These restrictions do not apply to a private company. 9. Managerial Remuneration Total managerial remuneration in the case of public company cannot exceed 11% of net profits, but in the case of inadequacy of profit a minimum of Rs. 50, 000 can be paid. These restrictions do not apply to a private company. 10. Further Issue of Capital A public company proposing further issue of shares must offer them to the existing members. A private company is free to allot new issue to outsiders. 11. Name A private company has to use words ‘private limited’ at the end of its name. But a public company has to use only the word ‘Limited’ at the end of its name.