4.6 The Types' Taxonomy (the Companies Act's Classification)

Public vs private companies (the great divide): the private company — the closed membership (the Act's numerical cap), restricted share transfer, no public invitation; the public company — the seven-member floor, the public-issue power, the fuller regime; Non-profit-making companies: Nepal's statutory "company not distributing profits" — the form's public-spirited use (the foundations, the charities, the professional bodies — the company form without the profit distribution); Government companies: the state ownership's corporate face (the Government's shareholding through the company form — the modern SOE mode beside the Corporations Act's track); Foreign companies: the companies incorporated abroad operating in Nepal (the branches and liaison offices — the FITTA 2075 gate; the registration-and-compliance duties); Holding and subsidiary companies: the control's chain (the holding company's control through shareholding — the group structure; the subsidiary's separate personality within the group — the veil questions of Unit 3.2); The further classifications: companies limited by shares vs by guarantee; listed vs unlisted (the NEPSE discipline); the Act's size tiers (the small-and-large compliance classes). Exam Focus Long questions: (i) The four public-body tracks (charter/Companies Act/Corporations Act/Development Board — the map as the banker); (ii) The private firm-partnership- company table (the comparison's set question). Short questions: the charter corporation; the Corporations Act's corporation; the "company not distributing profits"; the holding-subsidiary chain. Trick areas: (i) The Corporations Act 2021 B.S.…