Definitions of Company, Existing Company, Private Company and Public Company.
In this Act, unless the context otherwise requires, the expressions company, existing company, private company and public company shall, subject to the provisions of sub- section 2 , have the meanings specified below- i company means a company formed and registered under this Act or an existing company as defined in clause ii ii existing company means a company formed and register- ed under any of the previous companies laws specified below- a Any Act or Acts relating to companies in force before the Indian Companies Act, 1866 10 of 1866 . and repealed by that Act b The Indian Companies Act, 1866 10 of 1866 c The Indian Companies Act, 1882 6 of 1882 d The Indian Companies Act, 1913 7 of 1913 e The Registration of Transferred Companies Ordinance, 1942 54 of 1942 and f Any law corresponding to any of the Acts or the Ordinance aforesaid and in force- 1 in the merged territories or in a Part B State other than the State of Jammu and Kashmir , or any part thereof, before the extension thereto of the Indian Companies Act, 1913 7 of 1913 or 1. Cl. 49A omitted by Act 17 of 1967, s. 4 and Sch. w. e. f. 1- 7- 1967 . 2. Ins. by Act 22 of 1996, s. 31 and Sch. w. e. f. 20. 9. 1995 . 3. Subs. by Act 62 of 1956, s. 2 and Sch., for cl. f w. e. f. 1- 11- 1956 . 2 in the State of Jammu and Kashmir, or any part thereof, before the commencement of the Jammu and Kashmir Extension of Laws Act, 1956 62 of 1956 . in so far as banking, insurance and financial corporations are concerned, and before the commencement of the Central Laws Extension to Jammu and Kashmir Act, 1968 25 of 1968 in so far as other corporations are concerned iii private company means a company which, by its arti- cles,- a restricts the right to transfer its shares, if any b limits the number of its members to fifty not including- i persons who are in the employment of the company, and ii persons who, having been formerly in the employment of the company, were members of the company while in that employment and have continued to be members after the employment ceased and 1. Ins. by Act 25 of 1968, s. 2 and Sch. w. e. f, 15- 8- 1968 . c prohibits any invitation to the public to subscribe for any shares in, or debentures of, the company Provided that where two or more persons hold one or more shares, in a company jointly, they shall, for the purposes of this definition, be treated as a single member iv public company means a company which is not a private company.
company means a company formed and registered under this Act or an existing company as defined in clause ii
existing company means a company formed and register- ed under any of the previous companies laws specified below- a Any Act or Acts relating to companies in force before the Indian Companies Act, 1866 10 of 1866 . and repealed by that Act b The Indian Companies Act, 1866 10 of 1866 c The Indian Companies Act, 1882 6 of 1882 d The Indian Companies Act, 1913 7 of 1913 e The Registration of Transferred Companies Ordinance, 1942 54 of 1942 and f Any law corresponding to any of the Acts or the Ordinance aforesaid and in force- 1 in the merged territories or in a Part B State other than the State of Jammu and Kashmir , or any part thereof, before the extension thereto of the Indian Companies Act, 1913 7 of 1913 or 1. Cl. 49A omitted by Act 17 of 1967, s. 4 and Sch. w. e. f. 1- 7- 1967 . 2. Ins. by Act 22 of 1996, s. 31 and Sch. w. e. f. 20. 9. 1995 . 3. Subs. by Act 62 of 1956, s. 2 and Sch., for cl. f w. e. f. 1- 11- 1956 . 2 in the State of Jammu and Kashmir, or any part thereof, before the commencement of the Jammu and Kashmir Extension of Laws Act, 1956 62 of 1956 . in so far as banking, insurance and financial corporations are concerned, and before the commencement of the Central Laws Extension to Jammu and Kashmir Act, 1968 25 of 1968 in so far as other corporations are concerned
Any Act or Acts relating to companies in force before the Indian Companies Act, 1866 10 of 1866 . and repealed by that Act
The Indian Companies Act, 1866 10 of 1866
The Indian Companies Act, 1882 6 of 1882
The Indian Companies Act, 1913 7 of 1913
The Registration of Transferred Companies Ordinance, 1942 54 of 1942 and
Any law corresponding to any of the Acts or the Ordinance aforesaid and in force- 1 in the merged territories or in a Part B State other than the State of Jammu and Kashmir , or any part thereof, before the extension thereto of the Indian Companies Act, 1913 7 of 1913 or 1. Cl. 49A omitted by Act 17 of 1967, s. 4 and Sch. w. e. f. 1- 7- 1967 . 2. Ins. by Act 22 of 1996, s. 31 and Sch. w. e. f. 20. 9. 1995 . 3. Subs. by Act 62 of 1956, s. 2 and Sch., for cl. f w. e. f. 1- 11- 1956 . 2 in the State of Jammu and Kashmir, or any part thereof, before the commencement of the Jammu and Kashmir Extension of Laws Act, 1956 62 of 1956 . in so far as banking, insurance and financial corporations are concerned, and before the commencement of the Central Laws Extension to Jammu and Kashmir Act, 1968 25 of 1968 in so far as other corporations are concerned
1 in the merged territories or in a Part B State other than the State of Jammu and Kashmir , or any part thereof, before the extension thereto of the Indian Companies Act, 1913 7 of 1913 or 1. Cl. 49A omitted by Act 17 of 1967, s. 4 and Sch. w. e. f. 1- 7- 1967 . 2. Ins. by Act 22 of 1996, s. 31 and Sch. w. e. f. 20. 9. 1995 . 3. Subs. by Act 62 of 1956, s. 2 and Sch., for cl. f w. e. f. 1- 11- 1956 .
Ins. by Act 25 of 1968, s. 2 and Sch. w. e. f, 15- 8- 1968 .
2 in the State of Jammu and Kashmir, or any part thereof, before the commencement of the Jammu and Kashmir Extension of Laws Act, 1956 62 of 1956 . in so far as banking, insurance and financial corporations are concerned, and before the commencement of the Central Laws Extension to Jammu and Kashmir Act, 1968 25 of 1968 in so far as other corporations are concerned
private company means a company which, by its arti- cles,- a restricts the right to transfer its shares, if any b limits the number of its members to fifty not including-
a restricts the right to transfer its shares, if any
b limits the number of its members to fifty not including-
persons who are in the employment of the company, and
persons who, having been formerly in the employment of the company, were members of the company while in that employment and have continued to be members after the employment ceased and 1. Ins. by Act 25 of 1968, s. 2 and Sch. w. e. f, 15- 8- 1968 . c prohibits any invitation to the public to subscribe for any shares in, or debentures of, the company Provided that where two or more persons hold one or more shares, in a company jointly, they shall, for the purposes of this definition, be treated as a single member
c prohibits any invitation to the public to subscribe for any shares in, or debentures of, the company Provided that where two or more persons hold one or more shares, in a company jointly, they shall, for the purposes of this definition, be treated as a single member
public company means a company which is not a private company.
Unless the context otherwise requires, the following companies, shall not be included within the scope of any of the expressions defined in clauses i to iv of sub- section 1 , and such companies shall be deemed, for the purposes of this Act, to have been formed and registered outside India-- a a company the registered office where of is in Burma, Aden or Pakistan, and which immediately before the separation of that country from India was a company as defined in clause i of subsection 1
a a company the registered office where of is in Burma, Aden or Pakistan, and which immediately before the separation of that country from India was a company as defined in clause i of subsection 1