Question

How is the Govt. Company different from public corporation legally?​

Answer 1

Public corporation legally is owned by the public. It is maintained by the public.

Where as government company is owned by the government. It is maintained by the government.

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Answer 2

Answer:

A public company in as instrument of the state created by the statute which can invite public to subscribe to its shares which are quoted in stock exchanges. The minimum paid up capital should be of 5 lakh. A government company means a company with 51% or more of shares with Central or State govt.

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