KLC & Co.|Classification of Companies in India

Classification of Companies in India

Companies under the Companies Act, 1956 may be classified on various groundsĀ as under:

On the basis of business activities undertaken:

  • Manufacturing
  • Services
  • Non Banking Finance
  • Non Profit Making (Section-25)
  • Producer (Section 581)

On the basis of liabilities of the members and directors:

  • Limited Liability Company
  • Limited by shares
  • Limited by guarantee and possesses share capital
  • Limited by Guarantee
  • Unlimited Liability Company

On the basis of membership pattern:

  • Public
  • Listed Company
  • Unlisted Company
  • Private
  • Independent Company
  • Subsidiary of public company
  • Government

On the basis of place of registration:

  • Indian Company (Incorporated in India )
  • Foreign Company (Company incorporated out of India but possesses a
  • place of business in India)

On the basis of control over the management:

  • Holding Company
  • Subsidiary Company


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