government company is completly owned,managed and controlled by government ministry?? state wheather true or false
Answers
Answer:
False
Explanation:
Public sector enterprises are either partly or completely owned by the central or a state government.
Answer:
Government company is completly owned,managed and controlled by government ministry.Yes it is true.
Explanation:
Public sector enterprises are partly or wholly owned by the central or state government. Private sector companies, on the other hand, are owned and operated by private individuals or companies whose sole motive is to make a profit.
A company in which at least 51% of the paid-up share capital is owned by the Central or State Government or partly by the Central or State Government is a public company. Public companies are governed and governed by the provisions of the Companies Act, 2013 like any other registered company. For example Steel Board of India, State Trading Corporation, Hindustan Machine Tools.
Features of Govt Company:-
Registration: A government company is incorporated under the Companies Act, 1956. All provisions of the Companies Act apply to a state company.
Ownership: A government enterprise is wholly or partly owned by the government. The share capital of these companies is held by the Government of India in the name of the President.
Governance: The government is governed by a board of directors appointed by the government and other shareholders. The government has the right to appoint most of the directors.
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