Question

explain formation of government companies​

Answer 1

Answer:

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Government Company is formed and registered under the Indian Companies Act, 1956, either as a Private company or as a Public company. It does not require any Special Act for its formation. ... The directors may be nominated by government or even the shareholders can appoint the Board of Directors.

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Answer 2

Answer:

Government Company is formed and registered under the Indian Companies Act, 1956, either as a Private company or as a Public company. It does not require any Special Act for its formation. 2. Huge Capital: A government company requires huge capital for its business operations.

explanation:

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