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COMPANY LAW
TOPIC 2: CLASSIFICATION OF COMPANY
MUHAMMAD UMAR BIN ABDUL RAZAK
Classification of Companies
1.
Classification according to
liability of members
Company Limited by Shares
Company Limited by Guarantee
Unlimited Company
2.
Public and Private Companies
3.
Related Companies
CLASSIFICATION
OF COMPANY
ACCORDING
TO LIABILITY
OF MEMBERS
LIMITED BY
SHARES
LIMITED
LIABILITY
UNLIMITED
LIABILITY
LIMITED BY
GUARANTEE
LIMITED BY
SHARES AND
GUARANTEE
Unlimited Company
Conversion
public
to a aprivate
Section 26of(1)
enables
public
company
with
a share
capital
to be
company
and
from
private
to public
converted into a private company by
company
passing a special resolution.
Related Companies
B Ltd
(subsidiary)
C Ltd
(subsidiary)
D Ltd
(subsidiary)
A subsidiary of a subsidiary is a
subsidiary.
Thus, if D Ltd is a subsidiary of B
Ltd, D Ltd will be a subsidiary of A
Ltd too.
End of Lecture
Thank You