Question

Gas authority of India Ltd. (GAIL) is carrying on various projects of energy and power. Majority of its share are held by government if India. It is registered under Companies Act,1956. The company prepare its annual report and submit to appropriate authorities.a) name the type of public sector enterprise referred in above para;b) Explain any three merits and two limitations of public sector enterprise identified in part (a). *

Answer 1

Answer:

GAIL) is carrying on various projects of energy and power . Majority of its shares are held by government of India . It is registered under Companies Act , 1956 and enjoy all the characteristics of a company . The board of directors are appointed by the government .