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Company Law Gopika Juneja, Lovely Professional University
Notes Unit 3: Kinds of Companies
CONTENTS
Objectives
Introduction
3.1 Classification on the Basis of Incorporation
3.2 Classification on the Basis of Liability
3.2.1 Companies Limited by Shares
3.2.2 Companies Limited by Guarantee
3.2.3 Hybrid Companies
3.2.4 Companies with Unlimited Liabilities
3.3 Classification on the Basis of Number of Members
3.3.1 Private Company
3.3.2 Public Company
3.4 Classification on the Basis of Control
3.4.1 Holding and Subsidiary Companies
3.5 Classification on the Basis of Ownership
3.5.1 Government Company
3.5.2 Foreign Company
3.6 One Man Company
3.7 Incorporation of Company
3.8 Illegal Association
3.9 Summary
3.10 Keywords
3.11 Review Questions
3.12 Further Readings
Objectives
After studying this unit, you will be able to:
Describe various types of company classifications;
Explain private and public company;
Define holding and subsidiary type of companies;
Elaborate upon foreign company;
Explain one man company.
28 LOVELY PROFESSIONAL UNIVERSITY
