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Companies Act, 1956
Nature & Meaning
• An association of like-minded persons formed for
the purpose of carrying on some business or
undertaking.
• It denotes a joint stock enterprise in which the
capital is contributed by a large number of people.
Characteristics
• Corporate Personality
• Limited Liability
• Perpetual Succession
• Separate Property
• Transferability of Shares
• Common Seal
• Limitation of Action
• Separate Management
• Termination of its Existence
Types of Business Organisations
Non Corporate
• Proprietorship
• Collective Ownership
• Partnership
Types of Business Organisations
Corporate
• Reg. Companies
• Pvt. Ltd. Companies
• Pub. Ltd. Companies
• Govt. Companies
Classification of Companies
On the Basis of Incorporation
• Chartered Companies
• Statutory Companies
• Registered Companies
On the Basis of Liability
• Unlimited Companies
• Companies limited by Guarantee
• Companies limited by shares
• Companies limited by shares and Guarantee
On the Basis of Membership
• Private Company
• Public Company
• Holding Company
• Subsidiary Company
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Companies

  • 2. Nature & Meaning • An association of like-minded persons formed for the purpose of carrying on some business or undertaking. • It denotes a joint stock enterprise in which the capital is contributed by a large number of people.
  • 3. Characteristics • Corporate Personality • Limited Liability • Perpetual Succession • Separate Property • Transferability of Shares • Common Seal • Limitation of Action • Separate Management • Termination of its Existence
  • 4. Types of Business Organisations Non Corporate • Proprietorship • Collective Ownership • Partnership
  • 5. Types of Business Organisations Corporate • Reg. Companies • Pvt. Ltd. Companies • Pub. Ltd. Companies • Govt. Companies
  • 7. On the Basis of Incorporation • Chartered Companies • Statutory Companies • Registered Companies
  • 8. On the Basis of Liability • Unlimited Companies • Companies limited by Guarantee • Companies limited by shares • Companies limited by shares and Guarantee
  • 9. On the Basis of Membership • Private Company • Public Company • Holding Company • Subsidiary Company