Types of Companies

MAY 20,2020

 DAY 3

 THANK YOU FOR LOGGING IN. GOOD MORNING BOYS!

 LET US GET BACK TO THE COMPANY FORM OF ORGANISATION WHICH WE WERE DOING.

 LEARNING OUTCOMES- At the end of the topic, students will be able to:
1) Explain the types of companies.
2) Differentiate between the types of companies.

PLEASE WATCH A SMALL VIDEO FIRST FOR BETTER UNDERSTANDING OF THE TOPIC:

NOW TAKE DOWN THE NOTES:
Q.25 What are the various types of companies?   (1)
Ans 1. Private Company
        2. Public Company
        3. One Person Company

 Q.26 Explain Private Company and Public Company according to Companies Act, 2013. (4)

 Ans 1. PRIVATE COMPANY
           It is a company which has the following features:
            a)It can be established with a minimum of 2 and a maximum of 200 members.
            b) It must use Private Limited after the name of the company.
            c) It restricts the shareholders right to transfer shares to outsiders.
            d) It cannot invite public for issue of shares or any kind of loan or deposits.
            e) Business can be started on issue of certificate of incorporation.
            f) No need to issue prospectus for issue of shares and it can be issued without receiving 
                minimum subscription.
             g) Minimum two directors and there is no need to maintain an index of members.

          2. PUBLIC COMPANY
             It is a company which has the following features:
             a) It has a minimum of 7 members and no limit on maximum members.
              b) It has no restriction on transfer of shares.
              c) It can invite the public to subscribe to its share capital or public deposits.
              d) It must use Ltd after its name.
              e) The public company can start working only once certificate of commencement
                   is received.
              f)  The general public is invited freely for issue of shares and there is minimum of three 
                   directors.
              g) Public companies cannot issue shares unless minimum subscription is received.

             ALL THE BEST FOR YOUR EXAMS. GOD BLESS YOU ALL!

Comments

  1. AnonymousMay 20, 2020 at 9:52 AM

    Rohit jacob
    11B
    12

    ReplyDelete
  2. Elvis MarshallMay 20, 2020 at 9:53 AM

    Elvis Marshall
    Roll no 23
    11B

    ReplyDelete
  3. Manshay BhandariMay 20, 2020 at 9:54 AM

    Manshay Bhandari
    11-B
    Roll No-7
    Present

    ReplyDelete
  4. Harsh MehtaMay 20, 2020 at 9:54 AM

    Good morning ma'am
    Harsh Mehta
    11-B
    Roll No. 24

    ReplyDelete
  5. Pratham JainMay 20, 2020 at 9:55 AM

    Pratham Jain
    11B
    Roll no 13

    ReplyDelete
  6. Samaksh KatyalMay 20, 2020 at 9:57 AM

    Samaksh Katyal
    Roll no. 17
    11-B

    ReplyDelete
  7. ronnaq wilsonMay 20, 2020 at 9:57 AM

    Ronnaq wilson
    Roll no. 45

    ReplyDelete
  8. Harshdeep SinghMay 20, 2020 at 9:57 AM

    Harshdeep Singh roll no 34

    ReplyDelete
  9. AnonymousMay 20, 2020 at 9:57 AM

    Divjyot singh

    ReplyDelete
  10. Naveen GroverMay 20, 2020 at 9:57 AM

    Mihir Grover
    Roll no 11

    ReplyDelete
  11. GatijMay 20, 2020 at 10:00 AM

    Gatij Shrivastava
    Class 11B
    Roll no. 32

    ReplyDelete
  12. Saransh KatyalMay 20, 2020 at 10:05 AM

    Saransh Katyal
    Class 11 B
    Roll no.18

    ReplyDelete
  13. AIDEN ROZARIOMay 20, 2020 at 10:08 AM

    AIDEN ROZARIO
    CLASS 11B
    ROLL NO.29

    ReplyDelete
  14. AnonymousMay 20, 2020 at 10:11 AM

    Aadi Nag
    Roll No. 23

    ReplyDelete
  15. UnknownMay 20, 2020 at 10:15 AM

    Saksham Kathuria
    11-A

    ReplyDelete
  16. AnonymousMay 20, 2020 at 11:02 AM

    Kevin Alexander
    11- B
    Roll no 3

    ReplyDelete
  17. Shazim AliMay 20, 2020 at 11:42 AM

    Shazim Ali
    Roll no 5
    11 B

    ReplyDelete
  18. UnknownMay 20, 2020 at 12:24 PM

    Abhideep barua
    Roll no. 6
    12-B

    ReplyDelete

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