Financial Diaries Project 2003-2004
South Africa, 2003 - 2004
Created on
Apr 25, 2019
Last modified
Apr 25, 2019
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- Data Files
- CME1996-97
Legal Status (LEG_STAT)
Data file: CME1996-97
Overview
Valid:
0
Invalid:
0
Type:
Discrete
Decimal:
0
Range:
-
Format:
Questions and instructions
Literal question
What is the legal status of the establishment?
Categories
| Value | Category |
|---|---|
| 1 | Personal |
| 2 | Partnership |
| 3 | Public Limited |
| 4 | Private Limited |
| 5 | Other |
Warning: these figures indicate the number of cases found in the data file. They cannot be interpreted as summary statistics of the population of interest.
Description
Definition
Legal Status: It defines the status of ownership of the establishment for example, whether an establishment is recognized and registered as one person ownership, or partnership, or private limited company, or public limited company, or cooperative society.
Individually owned: It means the manufacturing establishments owned and run by one person or family who bear the profits or losses of the establishment.The establishment registered under "Private form registration act 2014" is called "private" or individually owned establishment.
Partnership: A partnership-manufacturing establishment is an establishment created by an agreement. Its members will be more than one. All establishments registered under partnership act 2020 are
termed as partnership establishments.
Private limited company: A company, which has no right to transfer the shares of its members to others according to the "Company Act 2063”. The number of members must be at least two but not more
than fifty, and the employees are not regarded as members. The public may not be asked to buy the company's shares or debentures.
Public limited company: A company incorporated under the company's act or recognized thereby as an existing company, which is not a private company. A public company can have any number of
members more than seven, excluding of course its employees and can invite public subscription for its shares and debentures..
Co-operative A corporate body operating not for the purpose of earning profit but rather for the purpose of providing services to its members. In a co-operative society the capital needed is supplied by
members and by borrowing and its saving are distributed to the members.Such kind of establishments are registered under "Cooperative Act 2048".
Individually owned: It means the manufacturing establishments owned and run by one person or family who bear the profits or losses of the establishment.The establishment registered under "Private form registration act 2014" is called "private" or individually owned establishment.
Partnership: A partnership-manufacturing establishment is an establishment created by an agreement. Its members will be more than one. All establishments registered under partnership act 2020 are
termed as partnership establishments.
Private limited company: A company, which has no right to transfer the shares of its members to others according to the "Company Act 2063”. The number of members must be at least two but not more
than fifty, and the employees are not regarded as members. The public may not be asked to buy the company's shares or debentures.
Public limited company: A company incorporated under the company's act or recognized thereby as an existing company, which is not a private company. A public company can have any number of
members more than seven, excluding of course its employees and can invite public subscription for its shares and debentures..
Co-operative A corporate body operating not for the purpose of earning profit but rather for the purpose of providing services to its members. In a co-operative society the capital needed is supplied by
members and by borrowing and its saving are distributed to the members.Such kind of establishments are registered under "Cooperative Act 2048".