India - Service Sector: NSS 63rd Round, Schedule 2.345, July 2006 - June 2007

Item 208: Type of ownership: The definitions and corresponding codes are:
Type of ownership / Description - Code
Proprietary
Here, an individual is the sole owner of the enterprise.
Male - 1
Female - 2
Partnership
It means relation between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all.
Persons from the same household - 3
Persons from different households - 4
Co-operative society / self-help group
For definition of SHG, refer to paragraph 3.0.12. Co-operative society is a society formed through the cooperation of a number of persons (members of the society) to benefit the members. The funds are raised by members' contributions/ investments and the members share the profits. The government or government agency can also be a member or shareholder of a registered co-operative society but this fact cannot render the society
into a public sector enterprise for the purpose of the present survey. - 5
Limited Company (outside public sector)
'Company' is an enterprise registered under the Companies' Act, 1956. A private company means a company which by its Articles, (a) RESTRICTS the right to transfer its shares, if any, (b) LIMITS the number of its members (not including its employees) to 50, and (c) PROHIBITS any invitation to public to subscribe for any shares or debentures of the company. A limited company means a company where liabilities of the shareholders are limited to the quantum of shares held by them. Pubic limited company means a company which is not a private limited company
Private limited company - 6
Public limited company - 7
Others
These are the enterprises not falling under any of the above categories (e.g., unlimited companies) - 9