Business Studies, asked by nobitanobi3, 2 months ago

A news about a government company made you think what is it all about. You and your

friend explored on internet the features of a government company. Mention them.

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Answered by Anonymous

3

Solution. The Company which is registered under Companies Act, 2013 having a minimum 51% of paid-up share capital held by central government or any state government or partly by the central government and partly by one or more state governments is known as Government company.

Features of a Government Company

It is a separate legal entity. It is incorporated under Companies Act 1956 & 2013. The management is governed and regulated by the provisions of Companies Act. The Memorandum of Association and Articles of Association govern the appointment of employees.

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Answered by Anonymous

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Answer:

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