For law students

2. MEANING, DEFINITION AND KINDS
OF COMPANIES
STEP BY STEP EXPLANATION BY
Dr. Pawandeep Kaur
Assistant Professor Of Law
Khalsa College Of Law
Amritsar.

3. CONCEPT OF COMPANY

4. CONCEPT OF COMPANY

5. CHARACTERISTICS OF A COMPANY

6. CHARACTERISTICS OF A COMPANY

7. CHARACTERISTICS OF A COMPANY
• Saloman v. A Saloman and Company Ltd (1897)
• Lee v. Lee’s Air Farming Ltd (1960)

8. CHARACTERISTICS OF A COMPANY

9. CHARACTERISTICS OF A COMPANY

10. TYPES OF A COMPANIES

11. TYPES OF COMPANIES

20. Private
Limited
Co.
One Person
Company
Small
Company
• OPC is incorporated as a private
limited co.
• Minimum paid up capital – 1 lakh.
• No right to transferability of shares.
• OPC has been introduced through act
of 2013.
• It is a private company.
• Paid up capital not more than
Rs.50 lakh or turnover not more than
Rs. 2 crore.
• OPC is a type of small company.
The Private Company can be further categorized as:

23. Government
Co.
Holding Co.
Subsidiary Co.
Section 2(45): Government Company is a company in
which at least 51% of the paid up capital is held by Central
Govt. or State Govt. or partly by both.
As per section 2(46) of The Companies Act, 2013- Holding
Company is a parent company, limited liability company
that holds ample voting shares in another company. The
share holding is arranged in a way that the holding company
can control the policies of its subsidiary company.
Section 2(87): Subsidiary Company is the company that is
controlled by the holding or the parent company.

25. Foreign Co.
As per section 2(42) “Foreign Company” means
any company or corporate body incorporated
outside India which has place of business in
India whether by itself or through an agent and
carries on business physically or through
electronic mode.
For example:- Samsung, Apple, KFC etc.

26. Indian Co.
Indian Company is a company which is
registered in India by following the
procedure enumerated in the Companies
Act 2013 or any previous company law.

27. THANKS