Question

ABC Ltd. is a leading marketing company of soft drinks. Its 32%

of total paid-up capital is held by Central Government and 21% is by Delhi

Government.

(a) Identify the form of public sector enterprise mentioned above.

(b) State any four features of such an enterprise.​

Answer 1

Answer:

Section 2(45) of the Indian companies act, 2013, defines government company as, "Any company in which not less than 51% of the paid up share capital is held by the central government, or by any state government." 

Explanation:

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Answer 2

In this question, we are asked to tell which type of company ABC Ltd.

• As the total share held by the government is 53% so it is a Public Company.
• Government firms are those in which the central government or any state government holds at least 51% of the paid-up share capital, according to Section 2(45) of the Indian Companies Act, 2013.
• The company can raise further funding through share capital.
• Limited liability applies to the shareholders.
• Pricing negotiations with suppliers will be easier because larger companies can take advantage of economies of scale.
• Public Limited Company is a limited liability organization that sells shares to the general public.
• A firm with an Rs. 5,000,00,000 minimum paid-up capital.
• For the legislation, the company that is a subsidiary of a company that is not a private company must be a public company.

PROJECT CODE #SPJ2