1. COMPANIES ACT
Sreerag

2. Company
Company means a company formed and registered under
this Act or an existing company as defined the Act.
• Voluntary association of persons
• Purpose of doing business.
• Distinct name and limited liability.

3. • According to Indian companies Act 1956, a joint stock company
as “ a company limited by shares having a permanent paid up or
nominal share capital of fixed amount divided into shares also of
fixed amount, held and transferable as stock and formed on the
principle of having its members only the holders of those shares or
stocks and no other persons”.
Definition

4. • Separate legal entity
• Limited liability of members
• Perpetual succession
• Common seal
• Separate property ownership
• Transferable shares
• Capacity of sue and being sued
Characteristics of a company

5. • Chartered companies
• Statutory companies
• Registered companies
Types of companies

6. • Incorporated under a special Royal Charter.
• Issued by the king or queen.
• Regulated by the provision of that charter.
Chartered company

7. • Incorporated under the special Act of Parliament or legislature.
• All activities of statutory companies are governed by the special
Act which they are established.
Statutory Companies

8. • Unlimited Companies
• Companies Limited by Guarantee
• Companies Limited by shares
• Private Limited Company
• Public Company
Registered Companies

9. • Government Company
• Foreign Company
• Holding and Subsidiary Company
Other forms…

10. Thank you