{"id":8978,"date":"2026-03-22T21:12:39","date_gmt":"2026-03-22T15:42:39","guid":{"rendered":"https:\/\/www.goseeko.com\/blog\/?p=8978"},"modified":"2026-04-18T18:02:40","modified_gmt":"2026-04-18T12:32:40","slug":"classification-of-company","status":"publish","type":"post","link":"https:\/\/www.goseeko.com\/blog\/classification-of-company\/","title":{"rendered":"Classification of Company"},"content":{"rendered":"\n

What is a Company?<\/strong><\/h1>\n\n\n\n

 A company may be described to mean a voluntary association of persons who have come together for carrying on some business and sharing the profits therefrom.<\/strong><\/p>\n\n\n\n

A company is a natural legal entity formed by the association and group of people. So that they can work together towards achieving a common objective. It can be a commercial or an industrial enterprise. <\/p>\n\n\n\n

A company<\/strong> is a legal entity that people form. It allows them, usually as shareholders, to buy and sell goods and https:\/\/www.apartamentostronca.com\/<\/a> services. In most cases, companies want to make a profit.<\/p>\n\n\n\n

Classification of Company<\/strong><\/h2>\n\n\n\n
\"Classification
Figure: Classification of Company<\/figcaption><\/figure>\n\n\n\n

(I) Classification of Companies on the basis of incorporation<\/strong><\/p>\n\n\n\n

a) Royal Charter Company<\/strong><\/p>\n\n\n\n

It is known as the company born out of the authorization of the sovereign or the crown. The crown grants a charter to the people requesting to form a cooperative or a company.<\/p>\n\n\n\n

b) Statutory Company<\/strong><\/p>\n\n\n\n

The means of a special statute passed by the Parliament or the State Legislature forms this type of company. An example of statutory companies in India are the Reserve bank of India. https:\/\/www.sdk-dentalcollege.edu.in\/<\/a><\/p>\n\n\n\n

c) Registered Company<\/strong><\/p>\n\n\n\n

These are the companies which get registration under the statute of the Companies Act.<\/p>\n\n\n\n

(II) Classification of Companies on the basis of liability of members<\/strong><\/p>\n\n\n\n

The liability upon the members uses to classify the companies, it describes the limit to which member will be liable if such liability were to befall upon the company. On the basis of liability of the members, the companies may be classified into:<\/p>\n\n\n\n

    \n
  1. Companies limited by shares:<\/strong><\/li>\n<\/ol>\n\n\n\n

    The liability of the members of such a company is based upon the number of shares kept unpaid.<\/p>\nhttps:\/\/musicinsidermagazine.com\/scott-anderson-finger-eleven\/\n\n\n\n