Here You can get an answer about How are companies divided according to their incorporation. Companies are classified according to incorporation as follow:
How are companies divided according to their incorporation?
a. Chartered Company
A Company that is formed under a special charter granted by the king or queen is called a chartered company. The Power, liabilities, and nature of the business of such company are explained by the charter.
b. Statutory Company
A company which is formed by a special act of the parliament or by order of the head of the state is called a statutory company. It is regulated by the act under which it is formed.
c. Registered company
A company which is formed under the companies ordinance 1984 is called the registered company. It also includes existing companies registered under previous laws.
d. Foreign Company
A company incorporated outside Pakistan and carries on business inside Pakistan is called a foreign company e.g MAN Energy solutions, Coca Cola, Shell Petroleum.
