Presentation By

Waqas Balouch

Topic

Kinds of Company

Kinds of Company

Company is divided into three main kinds

Kind of Company

Chartered company

Chartered company are those company which are establish by the special grant of king or queen

Example

• East India Company• Bank of England

Kind of Company Statutory Company

Statutory company are those company which are establish by special act of Parliament

Example

• PIA• WAPDA• State Bank of Pakistan

Kind of Company Registered Company

Registered Company are those company which are establish and registered under Company ordinance, 1984

Registered Company

Registered Company are divided into three kinds

Company for profit

Company not for profit

Government owned

Company

Company for profit

Company for profit are those companies which issue stock to its members

Company not for profit

Company for profit are those companies which do not issue stock to its

members

Company not for profit is sub divided into one kind

Company limited by guarantee

Government owned Company

Government owned Company are those company in which maximumShares are own by government.

51%

Company for profit

Company for profit are sub divided into three kinds

Private Company

Public Company

Single member Company

Private Company

"private company" means a company which, by its articles,—(i) restricts the right to transfer its shares, if any;(ii) limits the number of its members to fifty not including personswho are in the employment of the company; and(iii) prohibits any invitation to the public to subscribe for the shares,if any, or debentures of the company:Provided that, where two or more persons hold one ormore shares in a company jointly, they shall, for the purposes ofthis definition, be treated as a single member;

According to section 2(28) of the Companies ordinance, 1984

Public Company

"public company" means a company which is not a private company;

According to section 2(30) of the Companies ordinance, 1984

Single member Company

In Single member Company one person is all in all

Difference between private company and public company

Maximum number of members Minimum numbers of members Transfer of shares Sale of shares Statutory of meetings Maintenance of books of accounts Numbers of directors Title Allotments of shares Issuance of prospectus Liability Obligation towards directors

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