K.M Chemicals Ltd. registered under the Companies Act 1956, was started with a paid up capital of Rs. 20,00,000. 40% of this paid up capital is in the hands of private individuals and the balance held by the Government of Kerala. (a) Identify the type of Company. (b) Write any five features of the company identified in part(a)
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is this social subject..............
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Answer:
Government company
Explanation:
Easy formable
Flexibility in operations
permit public participation
Enjoys better credit facilities
Majority of directors appointed by govt. is little political interference
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