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Government Company. It is one in which not less than 51% of paid up share capital is held by the Central Government or by any Provincial Government.
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Such companies Must use the word limited at the end of their names So that the public can understand that the liability of the member if limited.
The Karachi Stock Exchange (Guarantee) Limited, Lahore Stock Exchange (Guarantee) Limited, And
If the company has a share capital, It shall state the amount of share capital with which the company purposes to be registered.
Association Not For Profit. Generally the companies are formed for earning profit. Some associations are made not for the purpose of earning profit.
However, under section 42, Association not for profit can be registered as a company with limited liabilities. Such as association does not add the word limited or privet limited or guarantee limited to their names
Holding Company..
It means a company or a body corporate, Which holds (directly or indirectly), more than 50% The voting securities of a company or Has a power to elect and appoint more than 50% of directors of each company.
Associated Company A company whose 20% or more shares (up to 50%) are held by another company shall be considered as an associated company of that company.
Where one man holds practically the entire share capital of the company and he takes a few other members who are no more than dummies nominees of the former. This is done to fulfill the statutory requirement of at least seven members (now 3 under the Companies Amendment Ordinance, 2002) in case of public company and two (now one under the Companies Amendment Ordinance, 2002) in case of private company.
These are freely transferable. It should also be noted that public company must add the word Limited at the end of its name