DEAR CHARTERED ACCOUNTANTS
Types of companies
1. Public limited by guarantee
2. Public limited by shares
3. public company
4. private company and government company
5. Foreign company , holding and subsidiary company....
could you please tell me to became eligible for this all company , minimum and maximum number of members, capital and turnover and directors details...
for all this types of companies
I could not decode your question correctly,but I feel that you want to know about various type of company
Basic is Private Company - Which restrict through its AOA to offer shares to public and Max no of member to 200 ,except share alloted to employee (who got share during his/her employment and continue to be shareholder even after ceasing of employment) ,Joint holder(s) will also counted towards one ,Min Director are 2 and Subscriber to MOA should also be 2
Public Limited Company - There is no restriction on no of members ,but compliances will be on higher side,min director 3 and subscriber to MOA 7
Govt Company - Company or subsy. of such company in which 50% or more shareholding is of Central Govt or State Govt or Together by CG/SG or any department or ministry of centre or State ,Govt company will always be Public Limited Company , In case of State Govt company then share certificate will be issued in name of Governor and For Centre in name of President
Foreign company - Company which has established place of business in India but having origination outside India ,like Branch Office / Project Office / Liaison office ,note that if foreign company just invest in India in WOS or Subsy then resulting company will always be of India but having FDI
Holding Company - In Layman sense a company which have control over the affairs of another company by voting rights or shareholders agreement to extend of more than 50% is holding company ( it includes foreign company also ),such another company is subsy company
Company Ltd by shares - liability of Members are limited to share capital subscribed by them
Company Ltd by guarantee - the amount member or subscriber guaranteed for contribution in the event of winding up
Unlimited liability company - Liability of members will be unlimited (upto the amount a company owe to outsiders during the winding up)
OPC- only one person as member ,and one nominee to be appointed
Startup - Private company which has not completed 10 yrs post incorporation or turnover doesn't exceed 100 crore Rs and recognised by DPIIT as eligible startup,and not established by any split up or reconstruction of company already in existence of holding company of another company ,and should be in business which Is scalable one with high potential of employment generation
Dormant - Company which is not having any significant accounting txns and holding only assets for future business
Nidhi Company - Like a Corporate form of cooperative society ( has to take status of Nidhi company - mutual benefit )
Producer Co - For Agriculture side ( working on cooperative principle ) for doing the work for members like marketing ,processing ,or equipment procurement for members
Sec 8 - Like a Trust ,set up generally for CSR purpose
IFSC Cos - Companies which are setup in International Financial Service Centre
Listed company - Securities are listed on stock exchange have a highest standard of corporate governance
Turnover ,Paid Up Capital ,Net Worth , Outstanding Loan and Borrowing ,Net Profit ,Deposit are criteria for applicability of Various provisions of companies act like XBRL,CARO,Internal Audit ,Cost Records * ,Rotation of Auditors, Board Report Details ,CSR, Committees Requirements ,Director ( Independent or Women ), Evaluation of directors , Deposit eligibility etc .
By the way ,Max No of Directors is 15 for all cos and by passing special resolution company can increase or decrease it
Max limit of director is 20 ( out of which not more than 10 is public company or deemed public company)
Authd Capital for Pvt is 1 Lacs and 5 Lacs for Public ,paid up capital cap removed in 2015
hope it's of some use .
CAclubindia
