Different types of company

Different types of company

Business enterprises or organization is defines as a unit of people or social group constructed for some special economic goals. The main activity of an organization is goal oriented and they have a clear road map & coordination in respect of duties and responsibilities. These human beings fully coordinated in respect to their assign activity.

Different types of company

Registered company –

                                            Any company, which is formed under a law & have a registration under company act or under other company low. These law passed by the Government of India.

Statutory company – 

                                    A company which is formed under a special act of legislature, we normally call them as statutory company like – Reserve Bank of India (RBI), State Bank of India (SBI), NHAI etc.

Chartered company – 

                                 This is the starting model of the company, where a Queen or King grante these types of company. Greater Britain king normally formed lot of company like British East India Company or Bank of England etc.

Foreign company – 

                              A company, which is established at outside the India but currently managing their business operation in India also. These known as a foreign company or multi-national company.