What is a Company :
The company is a legal person. It is
created by law.
All
companies are legal person.
Company
are
three kinds :
01.
Company limited by shares - number
of share limited
02.
Company limited by guarantee
03.
Unlimited company
**
Subsidiary company
**
Govt. Company – Statutory company
Subsidiary Company : Whenever, one company forms another company and holds 51% share in that company that
is called subsidiary company.
Holding Company : A company which owns 51% shares in another company that is called holding company.
How number of persons
to establish a company
:
|
|
Minimum |
Maximum |
|
Public Limited Co. Private Limited Co. Partnership Co. |
7
persons
2
persons 2
persons |
Unlimited persons 50
persons 20
persons |