It is a public enterprise established under indian companies act and conducts business in competition with companies in private sector. (a) identify the type of public enterprise. (b) what is the minimum investment govt. Has to make in such companies. (c) in whose shares of this type of company are purchased. (d) explain any two advantages and limitations of such companies.
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(b) According to the Indian Companies Act. 1956, a government company means any company in which not less than 51 per cent of the paid up capital is held by the Central Government, or by any State Government or partly by Central Government and partly by one or more State Governments.
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