What is Company Or Industry? It’s type?

Written by Admin@NOT-CON

December 8, 2023

All Content Included in the Table

1.What Is Company? It’s Types

Ans:- A Company is a team or group of people in which all the people work together to produce any product. There are different departments within any company. Any company works by following the rules and regulations given by the government.

1.Chartered Company

2.Statutary Company

3.Incorporated Company Or Registered Company

2.What Is Industry And It’s type?

Ans:- A group of businesses that produce and sell products.Like the clothing industry in which clothes are made and at the same time they are also saved. There are many such industries where manufacturing and export business also takes place. This type of process is kept inside the industry.

1.Primary Industry

2.Secondary Industry

3.Tertiary Or Service Industry

3.What Is the Different between Company And Industry ?

Ans:- There are Some Different between Company And Industry below

4. What Is Company Act? How it made Company Act 2013?

Ans:-To start any company with rules and regulations, some rules are made which are kept in the Act and everyone has to follow it, this is called Company Act.

(A) The Companies bill 2011 was Passed by Loksabha On 18th December 2012 and Rajya Sabha On 8 August 2013.

(B) The Companies Act 2013 Receive the ascent of President of India On 29th August 2013.

(C) And Come In to Force with effect from 30 August 2013.

(D) The Companies Act 2013 Consists of 470 Sections Spread Over 29 Chapters and 7 Shedules.

(E) The Companies Act 2013 replace the Previous Company Act 1956.

5. What Is the Characteristics Of Company?

Ans:- In Incorporated Association

(a) Incorporation Or registration under the company Act.

(b) A Joint Stock Company may be Incorporated under the act either as a private or public company.

(c) Minimum number of persons required for the business purpose and 20 in case of any Corporation

7 People – Public company

2 People – Private Company

1- One Person Company

(d) However an association of more than 10 person in the case of banking business and 20 in case of any other business.

6. How does the company work ?

Ans:- 1. A Company Is an association of many persons.

2. Who Contribute money or money’s worth.

3. To a company stock and

4. Employed for a common purpose.

5. The Common stock so contributed is denoted in money and is capital of the money.

6. The Persons who contribute it or to whom it belongs are members.

7. The Proportion Of Capital to which each member is entitled is there shares.

8. Shares are always transferable although the right to transfer is often more or less restricted.

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