Question

Name the company in which the paid-up capital held by the government is not less than 51 percent. Explain its features.

Answer 1

Answer:

There are approximately 300 companies comes under this category in India.

Name of Some:

Air India, Hindustan Petroleum, IISCO Steel Plant, GAIL

Explanation:

Features:

1. These are considered separate legal entities from Government and  run by a board of directors.
2. Their employees are not government employees their working environment is similar to private companies.
3. Annual Profit and Loss statement is present to the parliament annually.

Answer 2

Answer:

There are approximately 300 companies comes under this category in India.

Name of Some:

Air India, Hindustan Petroleum, IISCO Steel Plant, GAIL

Explanation:

Features:

These are considered separate legal entities from Government and  run by a board of directors.

Their employees are not government employees their working environment is similar to private companies.

Annual Profit and Loss statement is present to the parliament annually.

Explanation: