Question

Features of Government Company ​

Answer 1

Features of a Government Company. ... 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. A government company gets its funding from government shareholding and other private shareholdings.

Answer 2

Government Company is a company or an organization in which at least 51% of the paid up share capital is held by the central government or the state government or partly by both central and state government.