Professional Documents
Culture Documents
Types of Business Organisations
Types of Business Organisations
1] Sole Proprietorship
2] Partnership
3] Hindu Undivided Family business
4] Companies
5] Limited Liability Partnership
4] Companies:
Incorporation:
Chartered Companies (Dutch East India Company, East India Company,
French East India Company, Portuguese East India Company)
Statutory Companies (ICICI, LIC, GIC, SBI)
Registered Company (Registered under Indian Companies act 1882, 1913,
1956 and 2013)
Companies by Liabilities (Section 2 and sub sections of Companies act
2013):
1] Unlimited
2] Limited
A] Limited by Guarantee
B] Limited by Share Capital
[i] Private Limited Company (Shares are not transferable, No
Public issue, Minimum 2 members and maximum 200)
[ii] Public Limited Company (Minimum 7 members)
Companies by Control:
1] Government Company
2] Holding Company
3] Subsidiary Company
4] Associate Company
Types of Companies:
1] One person Company (Resident Indian Citizen, 1 member and
minimum 1 director and nominee Important)
2] Small Companies (Private Company which is not subsidiary, paid up
capital max. 50L and turnover Max. 200L)
3] Foreign Companies
4] Section 8 Companies as per Companies Act 2013 (Section 25 as per
Companies Act 1956)