PUNE INSTITUTE OF BUSINESS

MANAGEMENT
TOPIC: TYPES OF COMPANY IN INDIA

SUBMITTED TO:
FACULTY DR PRSENJIT SIR
SUBMITTED BY:
NUPUR DAS
 CONTENT
• MEANING
• Types of company
 WHAT IS COMPANY

It is a business organization which makes

goods in an organized manner and sells them
to the public for profit.
 Types of company
• Private limited company
• partnership
• Proprietorship
• One person company
• Limited liability partnership
• Section 8 company
 1.Private limited company

A Private limited company consist of a group

of shareholders and the total capital of the
entity is made up of shares. These shares can
be sold/Transferred to another individual who
then also becomes one of the owners of the
company.
 Under private limited company
there are three types:

i. Company limited by shares- A Company share

limited having the limited of its members
limited by the memorandum to the
amount ,if any, unpaid on the shares
respectively held by them.
ii. Company limited by Guarantee- A company
having the liability of its members limited by
the memorandum to such amount as the
members may respectively undertake to
contribute to the assets of the company in the
event of its being wound-up.
iii. Unlimited company: A company not having
any limit on the liability of its members.
 2.Partnership

Partnership business entities are quite similar

to sole proprietorship. The basic difference
between partnership and sole proprietorship is
that more than one individual is involved in a
partnership.
 3. Proprietorship

A business registered in the name of an

individual is called sole proprietorship. A single
person is completely responsible for the entire
business with the business and the owner not
being separate from each other.
 4. One person company

It is a newly introduced type of company and

was introduced in the companies act,2013 to
support entrepreneurs who on their own are
capable of starting a venture by allowing them
to create a single person economic entity.
 5. Limited liability partnership

It is a separate legal entity from the partnership

entity and business assets are separate from the
personal assets of the partners.
 6.Section 8 company

It is an organisation which is registered as a non-

profit organisation (NOP).it has its objective of
promotion of arts, commerce, charity ,
education , social welfare etc. It function exactly
like a limited company including all the rights
and obligation that come with such a company.