TMI BlogDefinitions of "company", "existing company", "private company" and "public company".X X X X Extracts X X X X X X X X Extracts X X X X ..... ed below: (a) any Act or Acts relating to companies in force before the Indian Companies Act, 1866 (10 of 1866), and repealed by that Act; (b) the Indian Companies Act, 1866 ( 10 of 1866); (c) the Indian Companies Act, 1882 ( 6 of 1882); (d) the Indian Companies Act, 1913 ( 7 of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 [1] [(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 S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (c) prohibits any invitation to the public to subscribe for any shares in, or debentures of, the company; [6] [(d) prohibits any invitation or acceptance of deposits from persons other than its members, directors or their relatives:] 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; [7] [(iv) "public company" means a company which __ (a) is not a private company; (b) has a minimum paid-up capital of five lakh rupees or such h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be deemed to be a defunct company within the meaning of section 560 and its name shall be struck off from the register by the Registrar. (6) A company registered under section 25 before or after the commencement of Companies (Amendment) Act, 2000 shall not be required to have minimum paid-up capital specified in this section.] ------------------------------- Notes:- [1] Substituted by Act 62 of 1956, section 2 and Schedule for clause (f), w.e.f. 1-11-1956. [ Substituted by the J K (Extension of Laws) Act, 1956 ]. [2] Inserted by Act 25 of 1968, section 2 and Schedule, w.e.f. 15-8-1968. [ Inserted by the Central Laws (Extension to J K) Act, 1968, w.e.f. 15-08-1968 ]. [3] Inserted by the Goa, Daman an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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