This document provides an overview of different types of companies under the Companies Ordinance 1984 in Pakistan. It discusses companies limited by shares, companies limited by guarantee, unlimited companies, and organizations not for profit. It notes that companies can be private or public. It also discusses associations not for profit, and the power of the Commission to dispense with "Limited" in the name of charitable companies. Examples of different types of companies are provided such as chartered companies, statutory companies, registered companies, single member companies, private companies, public companies, listed companies, companies limited by shares, companies limited by guarantee, home companies, foreign companies, and holding and subsidiary companies.

1. Subject: Company Law
Standard: LL.B second year
Topic: Typology of Companies
MUNIR HUSSAIN KTK
Lecturer
UNIVERSITY LAW COLLEGE
QUETTA
www.facebook.com/pages/Corridor-to-Commercial-Law
Objectives
To Learn
1. Typology of companies
2. Scope of companies ordinance 1984
Scope of co. ord. 1984
1. Company Limited by Share
2. Company Limited by Guarantee
3. Unlimited Company)
4. Organization Not For Profit
The Above Companies May
Be Private or Public
Associations not for profit.
42. Power to dispense with "Limited" in the name of charitable and other companies.- (1) Where it is
proved to the satisfaction of the Commission that an association capable of being formed as a limited
company has been or is about to be formed for promoting commerce, art, science, religion, sports, social
services, charity or any other useful object, and applies or intends to apply its profits, if any, or other
income in promoting its objects, and to prohibit the payment of any dividend to its members, the
Commission may grant a licence and direct that the association be registered as a company with limited
liability, without the addition of the words "Limited", "(Private) Limited" or "(Guarantee) Limited", as the
case may be, to its name, and the association may be registered accordingly.
(2) A licence can be revoked any time by the commission
Example .AFAQ
I. Chartered Company. Formed
under royal charter.
ii. Statutory Company. Formed under
act of parliament.
iii. Registered Company. Formed
under companies ordinance 1984
iv. SMC. A private company having
single member.
v. Private Company .a company
which cannot issue prospectus
,cannot transfer its share .number of
member is limited to 50.
vi. Public Company. Which is not a
private.
vii. Listed company. Security in listed
in stock exchange.
viii Limited by Share. Liabilities are
limited to the extent of share
purchased.
ix. Limited by Guarantee. Liabilities
are limited to the guaranteed amount
only.
x. Home company. Mainly Registered
in Pakistan.
xi. Foreign company. Registered in
foreign but doing business in Pakistan.
Holding company and subsidiary company.
XYZ .Limited having controlling share(more than 50%) in ABC
.Limited the former is called holding company and the latter is
called Subsidiary company .PTCL and U fone.