TYPES OF COMPANIES

Group Members

Ghulam Abid

Saad Mazhar

Fareed Hameed

What is a company

A company is an association or collection of individuals ,

legal persons or mixture of both.

Company members has a common purpose.

They are unite in order to achieve the company’s objects

TYPES OF

COMPANIES

STATUTORY COMPANY

companies which are formed under special statutes are termed as

statutory companies.

These are governed by the Acts or Ordinance through which these

are created

Example of such type of companies are the state Bank of Pakistan,

small Business Finance Corporation, investment Corporation of

Pakistan, etc.

CHARTERED COMPANY

Chartered companies are formed by means of a special

charter granted by the head of state, or King or Queen of

the Crown.

The East India Company and the Chartered Bank of

England are examples of such type of companies.

GOVERNMENT COMPANY

A government company is a company of which not less

than 51% (fifty-one percent) of the paid up capital is held

by the Government.

A company which is a subsidiary of a Government company

automatically becomes a Government company.

SINGLE MEMBER COMPANY

Single member company (SMC) has been introduced

through the companies Ordinance 2002.The Single Member

Company shall have all the rules and rights and privileges

as well as obligations and liabilities as other private

company has.

REGISTERED COMPANY

Registered companies are those companies which are

registered in Pakistan under the companies Ordinance,

1984.

Company limited by shares

Company limited by Guarantee

Unlisted company

Company limited by shares

It means a company whose memorandum of association

limited the liabilities of its members to the amount

unpaid, if any , on the shares held by them in the capital

of the company.

Company limited by shares

Private Limited Company

Public Company

Private Limited Company

A private limited company is the company which restricts

the right to the transfer the shares .

Private Limited Company restricts the maximum number

of members to be fifty.

Private Limited Company prohibits any kind of invitation

to general public to subscribe for its any shares

Public Company

A company other than a company registered as private

limited company is called public limited company.

A Public company is a company which does not impose any

restriction on the right of transfer of its shares.

Listed Company

Public Listed company is the company which has its

shares listed on any stock exchange.

In Pakistan at the moment companies are listed on three

stock exchanges of the country namely Karachi Stock

Exchange, Lahore Stock Exchange and Islamabad Stock

Exchange.

Unlisted Company

Unlisted Public companies are those companies whose

shares are not listed on any stock exchange of the country

and these type of companies are not allowed to trade

their shares through stock exchange

Company limited by Guarantee

In a company limited by guarantee ,there are no

shares - hence there are no shareholders. Instead,

the company will have 'members'

Unlimited company

It is a company which is registered without limited the

liability of the members to the extent of the value of the

shares held by them.

An unlimited company is one which does not limit the

liability of its members.