classification of companies
Direct Tax Lessons
- Indian Company Sec 2(26)
- Domestic Company Sec 2(22A)
- Foreign Company
What is Indian Company
- Company registered in India under laws relating to companies
- Company formed and registered in state J&K and UT of Dada nagar Haveli
What is Domestic Company
- Indian company which made prescribed arrangement for payment of equity and preference dividend in india
What is foreign company
- A company that is not a domestic company, is a foreign company
Companies in which public are substantially interested (Widely held company)
- Companies owned by Govt/RBI
- Companies where at least 40% of shares held Govt/RBI
- Listed companies
- Sec 25 Companies
- Mutual Benefit companies
- Companies not having share capital declared by board as public are substantially interested
- companies whose equity shares carrying not less than 51% of the voting power were throughout the relevant previous year held by one or more co-operative societies
Companies in which Public not Substantially Interested closely held company
- Private Limited Company
- Public Limited Company closely held by family group
CA N.Rajasekhar [M.Com, FCA, DISA (ICAI)]
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