KINDS OF COMPANY || CMA INTER || COMPANY LAW || STUDY NOTES

 KINDS OF COMPANY

As per Sec 2(20) of companies Act 2013, A "company" means a company incorporated under this Act or under any previous company Law. 

Or in simple words, A company is a corporate body and a legal person having status and a personality distinct and separate from the members constituting it.

• Classification of company on the basis of its incorporations

1. Chartered Company :- It means a company come into existence by the chartered King/Queen of England. These types of companies is no longer in existence. Eg :- East India Company.
2. Statutory Company :- It means a company incorporated by the special Act of State legislature/parliament. these company are also known by the name "Corporations". these companies are generally created for Public Utility Services. Eg :- Reserve Bank of India is setup under Reserve Bank of India Act 1934, Stare Bank of India Who is Incorporated Under State Bank Of India Act 1955, LIC, FCI etc.
3. Registered Company :- It means a company registered under company Act 2013 Or any previous company Law.

• Classification of Companies on The Basis Of Liabilities

1. Companies Limited By Share :- 

Practice Question

Multiple choice question

• Section 8 company is intend to probihit the payment of any ................. to its member

1. Bonus
2. Gratuity
3. Dividends
4. Salaries

• Within how many days from the date of incorporation of a company under the companies Act, 2013 should its registered office to be opened...

1. 30 Days
2. 60 Days
3. 90 Days 
4. 120 Days
5. 
   

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