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
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