TYPES OF COMPANIES | What are different types of companies?|Private vs Public vs One Person Company(OPC)| CSEET |Legal Aptitude and Logical reasoning | CS Payal Popli
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In this video-
Teacher's Name - CS Payal Popli
Topic - Types of Companies (OPC + Private + Public Company)
Chapter 4 -Elements of Company Law
Subject - Legal Aptitude and Logical Reasoning
CSEET (ICSI)
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Types of Companies based on Number of Members:
Commonly known types of Companies like, Private Company and Public Company are defined based on number of members (shareholders). In any company, except OPC, the membership can be held by any individual or even a body corporate. Even foreign nationals or NRI can participate as members in such companies.
1. Private Company:
For a Private Limited Company, the minimum number of members is 2, which can be extended to maximum 200 at once. The said statutory limit is required to be complied all time. Understand here what is Private Limited Company in India.
2. One Person Company:
A type of Private Company itself, One Person Company is commonly known as OPC. OPC is significantly different from other types of companies because of number of member. In OPC, there is only 1 member at any time during its existence. Here, this member must be an individual and an Indian resident.
3. Public Company:
In Public Company, there is no limit as to maximum number of members. However, minimum number of members is provided. A public company is registered with minimum of 7 members. The companies listed on stock market are such Public Companies. Such Companies are able to attract funds from pubic through Public Offers (IPO or FPO).
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29 авг 2024
