- TG Team
- | Company Law - Articles |
- 28 May 2014
- 77,978 Views
- 3 comments
CS M. Kurthalanathan
There are totally 15 types of companies can be formed under the Companies Act, 2013.
Public Limited Companies
- Public Company limited by shares
-
Public Company limited by Guarantee having share capital
-
Public Company limited by Guarantee and having no share capital
-
Public unlimited Company having share capital
-
Public unlimited Company not having share capital
Private Limited Companies
- Private Company limited by shares
Private Company limited by Guarantee having share capital
Private Company limited by Guarantee and having no share capital
Private unlimited Company having share capital
Private unlimited Company not having share capital
One Person Company (OPC)
- OPC Company limited by shares
OPC Company limited by Guarantee having share capital
OPC Company limited by Guarantee and having no share capital
OPC unlimited Company having share capital
OPC unlimited Company not having share capital.
Under Companies Act, 1956, only 10 types of companies can be formed.
| S.No | Type of Companies | Liability | Guarantee | Share Capital |
| 1 | Company Limited by shares | The liability of the members is limited and this liability is limited to the amount unpaid, if any, on the shares held by them. | Not Applicable | The share capital of the company is divided into number of shares. |
| 2 | Company limited by Guarantee having share capital | The liability of the members is limited. | Every member of the company undertakes to contribute:(i) to the assets of the company in the event of its being wound up while he is a member, or within one year after he ceases to be a member, for payment of the debts and liabilities of the company or of such debts and liabilities as may have been contracted before he ceases to be a member; and
(ii) to the costs, charges and expenses of winding up |
The share capital of the company is divided into number of shares. |
| 3 | Company limited by Guarantee and having no share capital | The liability of the members is limited. | Every member of the company undertakes to contribute:(i) to the assets of the company in the event of its being wound up while he is a member, or within one year after he ceases to be a member, for payment of the debts and liabilities of the company or of such debts and liabilities as may have been contracted before he ceases to be a member; and
(ii) to the costs, charges and expenses of winding up |
Not Applicable |
| 4 | Unlimited Company having share capital | The liability of the members is Unlimited. | Not Applicable | The share capital of the company is divided into number of shares. |
| 5 | Unlimited Company not having share capital | The liability of the members is Unlimited | Not Applicable | Not Applicable |
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May I Know the Section Number…as per Companies Act,2013?
Is in Company limited by guarantee and having share capital, whats the structure of share capital and guarantee.
i mean some directors subscribes guarantee and some share capital?
you said that there are total 15 types of company but you explained only 5 of them?