DEFINATION OF COMPANY:- Section 3 (1) (i) of the Companies Act, 1956 defines company as “a company formed and registered under this Act or an existing company”. Section 3(1) (ii) Of the act states that “an existing company means a company formed and registered under any of the previous companies laws”.

1. TEAM MEMBERS

2. ACOMPANY
(UnderCompaniesact1956)
MEANIN
G
CHARACTER
ISTICS
TYPES
OF A
COMPAN
Y

3. DEFINATION OF COMPANY:-
Section 3 (1) (i) of the Companies Act, 1956 defines
company as “a company formed and registered under this
Act or an existing company”.
Section 3(1) (ii) Of the act states that “an existing
company means a company formed and
registered under any of the previous companies
laws”.

4. CHARACTERISTICS OF A COMPANY
• Legal
Person
• Indepen
dent.
• Public
Co.:-
Freely
transferabl
e
• Pvt Co.:-
Restrict
the rights
• Compan
y’s
Signatur
e
• Legally
Binding.

5. • Legal
Procee
dings
by its
own
name.
• Effect
of
Registr
ation.
• Distinct
From
membe
rs.
• Legally
Respon
sible for
its own
Liabilitie
s
• Advant
age to
Membe
rs.
• Compa
ny
limited
by - -
Shares
-
Gauran
tee
• Creat
ed
and
desso
lved
by
law.
• Comp
any
can
go on
foreve
r.

6. TYPES OF COMPANIES
On the basis of Incorporation
1.Charted
Companies
2.Statutory
Companies
3.Registered/
Incorporated
Companies
a)Limited by Shares
b) Limited by Gaurante
c) Unlimited companies

8. On the basis of Control

9. On the basis of Ownership

11. ?ANY QUESTIONS
AROUND THE TOPIC