Question

Bharat Heavy Electrical Limited (BHEL), Steel Authority of India (SAIL) being government companies provides goods and services at reasonable prices to the public at large. Majority of the shares are held by the government. It is registered under the Companies Act, 2013 and thus possesses all characteristics of a company like separate legal entity, perpetual succession and a common seal. It can sue and be sued, enter into contracts and acquire property in its own name. The Board is appointed by government and its shareholders and is responsible for its efficient management. The company prepares its annual report and submit it to the appropriate authorities.. 
(a) Which legislation of the Parliament governs the establishment and functioning of these companies? 
(b) Who is the major shareholder and has full control over the management of these companies.
  (c) How much paid up capital is held by the government in these companies? 
(d) In whose name are the shares of these companies purchased? 
(e) How are the employees of these companies appointed?
  (f) How does these companies obtain its funds? ​

Answer 1

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Bharat Heavy Electrical Limited (BHEL), Steel Authority of India (SAIL) being government companies provides goods and services at reasonable prices to the public at large. Majority of the shares are held by the government. It is registered under the Companies Act, 2013 and thus possesses all characteristics of a company like separate legal entity, perpetual succession and a common seal. It can sue and be sued, enter into contracts and acquire property in its own name. The Board is appointed by government and its shareholders and is responsible for its efficient management. The company prepares its annual report and submit it to the appropriate authorities.

Answer 2

Explanation:

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