Definition
Legal Status
• "Publicly Listed Company" - requires no fewer than seven members and there is no limit as to the maximum number of members it can have (based on definitions of companies Act. o. 17 of 1982).
• "Privately Held Limited" Company - has a [minimum of two and a maximum of fifty share holders] restriction on the right to transfer its shares and profits and to any invitation to the public to subscribe for any shares or debentures (based on the definitions of companies Act. No. 30( I) of 1982).
• "Partnership Company" - Partnership is an agreement either written or verbal among the partners (minimum 2. maximum 20) for the purpose of making profits. (written or verbal agreement of the partner or under the partnership Act. of 1918)
• "Co-Operative" - The establishments which are registered under the Co-operative Act.