Companies under the Companies Act, 1956 may be classified on various grounds as under:
A. On the basis of business activities undertaken:
• Manufacturing
• Services
• Non Banking Finance
• Non Profit Making (Section-25)
• Producer (Section 581)
B. On the basis of liabilities of the members and directors:
1. Limited Liability Company
• Limited by shares
• Limited by guarantee and possesses share capital
• Limited by Guarantee
2. Unlimited Liability Company
C. On the basis of membership pattern:
1. Public
• Listed Company
• Unlisted Company
2. Private
• Independent Company
• Subsidiary of public company
3. Government
D. 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 )
E. On the basis of control over the management:
- Holding Company
- Subsidiary Company
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