company. Acc riper. registered under the Companies Act is known as 'Incorporated' or itched' conipafiy A11 existing companies m India. except statutory co names, have been formed in this way and are governed by the pro Nissans of the Companies Act, 1956. It may, however, be noted that issuance. Ban and Electric Supply Comp though incorporated under the Companies Act are also governed for most of their operative matters by the provisions of their special Acts, the; Insurance Act, 1938. the Ban Regulation Act, 1949, and the Supply Act, 1948, and the provisions-of the Cornpones Act Nil; he applicable to these companies only to such extent as these are not .inconsistent With those contained in the special Acts governing them (Sec. 6 16)
'Registered companies can further be classified ill two watts: (i) on the ' .525 of number of members, and (ii) or. the basis
46 I 'S: SECRETARIAL Practice
KINDS OF REGISTERED COMPANIES ON THE BASIS OF LIABILITY OF MEMBERS
On tale basis of liability of numbers. the provision for the registration of three types of companies namely:
1. Companies Hunted by shares. or
2. Companies limited by guarantee. or
t Unlimited companies.
Each of these types may be a public comp am-' or a private company' Sec. 12).
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