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There are totally 15 types of companies can be formed under the Companies Act, 2013.

S.No

Company

Types of Companies

1

Public

Public Company limited by shares

2

Public Company limited by Guarantee having share capital

3

Public Company limited by Guarantee and having no share capital

4

Public unlimited Company having share capital

5

Public unlimited Company  not having share capital

6

Private

Private Company limited by shares

7

Private Company limited by Guarantee having share capital

8

Private Company limited by Guarantee and having no share capital

9

Private unlimited Company having share capital

10

Private unlimited Company  not having share capital

11

One Person

Company

(OPC)

OPC Company limited by shares

12

OPC Company limited by Guarantee having share capital

13

OPC Company limited by Guarantee and having no share capital

14

OPC unlimited Company having share capital

15

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

By

CS M.Kurthalanathan

Practising Company Secretary

csmknathan.blogspot.in

www.mknathanacs.in


 

Published by

CS M.Kurtrala Nathan
(Company Secretary)
Category Corporate Law   Report

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