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Company Accounts UNIT-1 JOINT STOCK CO & ITS TYPES BBA 6TH SEM.pptx
1. Company Accounts
UNIT-1
JOINT STOCK COMPANY, ISSUE OF SHARES
GIVEN BY: MS. DIVYA RASTOGI
ASSISTANT PROFESSOR
BBA DEPARTMENT
GL BAJAJ INSTITUTE OF MANAGEMENT
2. Meaning of Company
A company is that form of business organization, which is created by law.
It refers to an association of persons, created to undertake business
activities, having a separate legal existence, perpetual succession & a
common seal.
Definition of Company (Joint Stock Company):
Chief Justice Marshall (USA) “Company is a person, artificial, invisible,
intangible & existing only in the eyes of law. Being a more creature of law, it
possess only those properties which the teacher of its creation confers upon
it, either expressly or as indicated to its very existence.
3. Kind of Companies
On the basis of number of members or public participation:
Private Company
One person company
Public company
4. On the basis of liabilities of its members:
Companies limited by shares
Companies limited by guarantee
Unlimited Companies
5. On the basis of Size:
Small Company
Large Company
6. Other types of companies:
Government Company
Subsidiary Company
Holding Company
Foreign Company
