Know Different Types of Company Registrations in India

Highlights:

1. The total registered companies in India are 18,27,839

2. 3 Types of Registered Companies in India – Public, Private & One Person Company

3. There are 1,30,267 Public Companies, 16,76,675 Private Companies & 20,897 Private (One Person Company) in India

4. There are 6 Sub-categories under both Public and Private Registered Company Types

The Companies Act of 2013 defines company to mean a company that is incorporated under The Companies Act 2013 or under any previous company law. Under this, there is a subsection of the company that is called body corporate. Body Corporate includes Private Company, Public Company, One Person Company, Small Company, Limited Liability Partnerships etc. In other words, a company is a body corporate or an incorporated business organization registered under the Companies Act. It may be a limited or an unlimited company, private or a public company, company limited by guarantee or a company having a share capital, or a community interest company. It can be a limited or an unlimited liability company to its members.

There are primarily three types of Companies – Public, Private & One Person Company. They are further divided according to their structure, liability, formation, ownership, control.

Under Public Companies there are:

• Public Limited Company (PLC)
• Government of India Company, Centre (GOI)
• Company of State Government (SGC)
• General Association Public (GAP)
• Public Limited Company with Unlimited Liability (ULL)
• Financial Lease Company as Public Limited (FLC)

Under Private Companies there are:

• Private Limited Company (PTC)
• Government of India Company, Centre (GOI)
• General Association Private (GAT)
• Private Limited Company with Unlimited Liability (ULT)
• Subsidiary of a Foreign Company as Private Limited Company (FTC)
• Section 8 Company – Not for Profit (NPL)

Under Private(One Person Company) there are:

• One Person Company (OPC)

Let us discuss each type of Registered Companies in India

Public  Companies in India: A company that trades its shares freely on the stock exchange. It issues securities through IPO (Initial Public Offering) and trades on at least one stock exchange or in over-the-counter markets. A public company is also known as a publicly traded company, publicly held company, or public corporation.

1. Public Limited Company (PLC): It is a type of company that can be either unlisted or listed company on the stock exchange. It is a company that grants limited liability to its shareholders and shares are traded freely and allows a business to sell shares to investors or public in order to raise capital. Sometimes a PLC may be privately held by another PLC with a minimum share capital of Rs. 44,86,705.98  and usually with the letters PLC after its name.

There are 1,21,973 Public Limited Companies In India.

Example of 5 Public Limited Companies. For the complete list of companies under Public Limited Companies in India reach out to InstaFinancials.

2. Government of India Company, Centre (GOI): Government of India Company means any public company in which not less than fifty-one percent of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, and includes a company which is a subsidiary company of such a Government company

Registered GOI companies are 420 in count.

Example of 5 GOI Public companies in India. For the complete list of Public companies under GOI in India reach out to InstaFinancials.

3. Company of State Government (SGC): A “Government company” is defined under Section 2(45) of the Companies Act, 2013 as “any company in which not less than 51% of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, and includes a company which is a subsidiary company of such a Government company”.

There are 1,299 companies that are under the Company of State Government.

Example of 5 Company of State Government. For the complete list of companies under Company of State Government in India reach out to InstaFinancials.

4. General Association Public (GAP): A professional association (also called a professional body, professional organization, or professional society) seeks to further a particular profession, the interests of individuals engaged in that profession and the public interest.

The number of companies in India under GAP comprises of 503.

Example of 5 General Association Public companies. For the complete list of companies under General Association Public in India reach out to InstaFinancials.

5. Public Limited Company with Unlimited Liability (ULL): It is a company not having any limit on the liability of its members.

150 companies are under ULL.

Example of 5 Public Limited Company with Unlimited Liability. For the complete list of companies under Public Limited Company with Unlimited Liability in India reach out to InstaFinancials.

6. Financial Lease Company as Public Limited (FLC): Financial leasing companies that are public limited engage in financing the purchase of tangible assets. The leasing company is the legal owner of the goods, but ownership is effectively conveyed to the lessee, who incurs all benefits, costs, and risks associated with ownership of the assets.

There are 121 FLC companies in India.

Example of 5 Financial Lease Company as Public Limited. For the complete list of companies under Financial Lease Company as Public Limited in India reach out to InstaFinancials.

Private Companies In India: A private company is a close corporation owned by the non-governmental organization or small business companies where the stocks of the company are not sold or traded in the stock exchanges.

1. Private Limited Company (PTC) – A private limited company, or LTD, is a type of privately held small business entity, in which owner liability is limited to their shares, the firm is limited to having 50 or fewer shareholders, and shares are prohibited from being publicly traded. A company becomes an independent legal structure when it incorporates.

There are 16,49,456 Private Limited Companies in India.

Example of 5 Private Limited Company. For the complete list of companies under Private Limited Company in India reach out to InstaFinancials.

2. Government of India Company, Centre (GOI) – Government of India Company means any private company in which not less than fifty-one percent of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, and includes a company which is a subsidiary company of such a Government company

There are 112 Government of India Company, Centre under private companies.

Example of 5 Government of India Company, Centre. For the complete list of Private companies under Government of India Company, Centre in India reach out to InstaFinancials.

3. General Association Private (GAT) – A professional private association (also called a professional body, professional organization, or professional society) seeks to further a particular profession, the interests of individuals engaged in that profession and the public interest.

There are 637 General Association Private companies in India.

Example of 5 General Association Private. For the complete list of companies under General Association Private in India reach out to InstaFinancials.

4. Private Limited Company with Unlimited Liability (ULT) – A private limited company does not have any limit on the liability of its members.

There are 642 ULT companies in India.

Example of 5 Private Limited Company with Unlimited Liability. For the complete list of companies under Private Limited Company with Unlimited Liability in India reach out to InstaFinancials.

5. Subsidiary of a Foreign Company as Private Limited Company (FTC): A private company, being a subsidiary of a body corporate incorporated outside India, which, if incorporated in India, would be a public company within the meaning of this Act, shall be deemed for the purposes of this Act to be a subsidiary of a public company if the entire share capital in that private company is not held by that body corporate whether alone or together with one or more other bodies corporate incorporated outside India

10,229 companies in India are under FTC.

Example of 5 Subsidiary of a Foreign Company as Private Limited Company. For the complete list of companies under Subsidiary of a Foreign Company as Private Limited Company in India reach out to InstaFinancials.

6. Section 8 Company – Not for Profit (NPL): A non-profit organization can be registered in India as a Society, under the Registrar of Societies or as a Trust, by making a Trust deed, or as a Section 8 Company, under the Companies Act, 2013. For an organization to be termed as a charity it requires Income Tax clearances under 12 A Clause of Income Tax Act.

11,599 companies are Section 8 Company – Not for Profit.

Example of 5 Section 8 Company. For the complete list of companies under Section 8 Company in India reach out to InstaFinancials.

Private (One Person Company)

1. One Person Company (OPC): One Person Company under Companies Act 2013 Section 2(62) defines one person company as a private company with only one director and one shareholder. OPC can be registered only as a private company which means that all the provisions applicable to a private company will be applicable to an OPC, unless otherwise expressly excluded in the Act or rules made thereunder.

There are 20,897 companies under One Person Company.

Example of 5 One Person Company in India. For the complete list of companies under One Person Company in India reach out to InstaFinancials.