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TMI BlogTYPES OF COMPANIESX X X X Extracts X X X X X X X X Extracts X X X X ..... to subscribe for any shares in, or debentures of, the company; (d) prohibits any invitation or acceptance of deposits from persons other than its members, directors or their relatives. 2. Public Company: - Section 3 (1) (iv) Means a company which__ (a) is not a private company; (b) has a minimum paid-up capital of five lakh rupees or such higher paid-up capital, as may be prescribed; (c) is a private company which is a subsidiary of a company which is not a private company. 3. Company Limited by Shares :- Section 12(2)(a) A company having the liability of its members limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them. 4. Company Limi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Regulations, 1956) 7. Government Companies- Section 617 Means any company in which not less than fifty-one per cent 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 of a Government company as thus defined. Section 17, 18, 19 and 186 apply to Government Company also. 8. Foreign Companies - Section 591 to 602 Means companies falling under the following two classes, namely:- (a) companies incorporated outside India which, after the commencement of this Act, establish a place of business within India; and (b) companies incorporated outside India which ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or any other institution having only producer or producers or Producer Company or Producer Companies as its member whether incorporated or not having any of the objects referred to in section 581B and which agrees to make use of the services of the Producer Company or Producer Companies as provided in its articles - Section 581A (m) 11. Deemed Public Company - Section 43A where not less than twenty-five per cent of the paid-up share capital of a private company having a share capital, is held by one or more bodies corporate the private company shall, (a) on and from the date on which the aforesaid percentage is first held by such body or bodies corporate, or (b) where the aforesaid percentage has been first so held before the commen ..... X X X X Extracts X X X X X X X X Extracts X X X X
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