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1. Statutory Company
The statutory companies are also known as statutory corporations or public corporations,
Statutory Corporation are public enterprises brought into existence by a Special Act of the
Parliament. The Act defines its powers and functions, rules and regulations governing its
employees and its relationship with government departments.. Known examples of statutory
bodies are municipal councils, bar councils, State Bank of Pakistan, universities etc.
2. Chartered company
Chartered company is formed under a special charter granted by the head of the state, or Queen
or King in some countries. This type of company normally enjoys some special rights or
privileges over other companies. The Chartered Bank of England is an example of chartered
company.
3. Government Company
A single member company can be defined as a company with only one member, also referred to
as the shareholder. A company may be formed as a single member company or may become a
single member company following a share transfer whereby the number of shareholders is
reduced to one. This one shareholder will hold all of the shares of the company in their name
example are SME Business Solutions (Pvt) Limited
5. Registered Company
A registered company in Pakistan is the company which is registered under the provisions of the
Companies Ordinance, 1984. These companies have different types which are explained below:
Company Limited by Share
Companies Limited by Guarantee
Unlimited Company
Company Limited by Shares
6. Company Limited by Shares
A company limited by shares is the type of company in which the liability of the members of the
company is limited to the amount unpaid on the shares if any. In simple words if company has
authorized capital of Rs. 100,000 out of which members have paid just Rs
Company limited by share may again be of two types :Private limited companies and public
limited companies
6.1.
Public Company
Its share are freely transferable .while the sale of share must be notified to the company
for updating Its membership records, no prior permission is required for sale or transfer
of share
It can have any number of shareholder in excess of seven which is the minimum number
require by the law
Its share can be offered for public subscription upon meeting the condition set for such
issue by relevant authorities
Listed Companies
A listed Public limited company is the one whose share are traded at stock exchange .There is a
laid down procedure for getting a company listed at the stock exchange and the company has to
observe certain rule for staying listed . A study of these regulations is not part of this basic text
on finance .A public limited company can decide not be listed at the stock exchange in which
case it can sell its share to its public only through personal contact and placement , not an open
offer to public
6.2.b.
Unlisted Company
An unlisted public limited company does not enjoy the same level of public faith and confidence
.Through the share of an unlisted company are freely transferable, its shareholder may not find
buyer as easily as a listed public limited company
8. Unlimited Company
Unlimited companies are those whose shareholders have unlimited liability toward the liabilities
of the company .These companies may or may not have share capital. They resemble
Partnerships. However, these are not very common and in fact it would be difficult to find an
unlimited company in Pakistan. A limited liability company is one whose shareholders, liability
toward companys debt is restricted to a stated sum