Engineers India Ltd. provides engineering and related technical services for petroleum
refineries and other industrial projects. Majority of the shares are held by the government. It is
registered under the Companies Act 1956 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 shareholder and is responsible for its efficient management. The company prepares its annual
report and submits it to the appropriate authorities.
a) The given case is referring to the working of which public enterprise.
b) Engineers India Ltd. is established by enactment of an act. Name the act.
c) It can sue and be sued, enter into contracts and acquire property in its own name. It refers to
which features of the company.
d) What does the term majority of shares stands for?
e) In whose name the shares of the company purchased?
f) Identify two values which according to your have motivated the government in creating
government companies
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Answer:
it is not the question of English dear☺.....
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