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Define Registered company and on what basis they are categorized?

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posted Jul 18 by Adarsh

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1 Answer

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Registered company is the one which is registered under the Companies Act. These companies are categorized on the basis of liability and number of members.

On the basis of liability companies can be categorized in the following three categories:
- Unlimited companies.
- Company limited by shares.
- Company limited by guarantee.

On the basis of number of members companies can be of two types:
- Private company
- Public company

answer Jul 19 by Chetan Hindu
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