government company
(concept)
Answers
Answer:
For the purposes of [this Act], Government company means any company in which not less than fifty-one per cent of the [paid-up share capital] is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments.
For the purposes of [this Act], Government company means any company in which not less than fifty-one per cent of the [paid-up share capital] is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments [and includes a ...
FEATURES OF A GOVERNMENT COMPANY - DEFINITION
FEATURES OF A GOVERNMENT COMPANY - DEFINITIONAny company will become a government company when the government owns at least 51% of the company's shares.
FEATURES OF A GOVERNMENT COMPANY - DEFINITIONAny company will become a government company when the government owns at least 51% of the company's shares.Any management in the company is governed by the companies act.
FEATURES OF A GOVERNMENT COMPANY - DEFINITIONAny company will become a government company when the government owns at least 51% of the company's shares.Any management in the company is governed by the companies act.The employment takes place based on the Memorandum and Articles of Association of the company.
FEATURES OF A GOVERNMENT COMPANY - DEFINITIONAny company will become a government company when the government owns at least 51% of the company's shares.Any management in the company is governed by the companies act.The employment takes place based on the Memorandum and Articles of Association of the company.The company gets its funds from shareholders (government and private).
FEATURES OF A GOVERNMENT COMPANY - DEFINITIONAny company will become a government company when the government owns at least 51% of the company's shares.Any management in the company is governed by the companies act.The employment takes place based on the Memorandum and Articles of Association of the company.The company gets its funds from shareholders (government and private).Such a company is also allowed to raise funds for various purposes.