Question

state government sponsered companies​

Answer 1

Explanation:

State-owned enterprise

Organization legal structure

A state-owned enterprise or government-owned enterprise is a business enterprise where the government or state has significant control through full, majority, or significant minority ownership. Defining characteristics of SOEs are their distinct legal form and operation in commercial affairs and activities.

Answer 2

Explanation:

The manufacturing concerns in public sector often use the joint stock company form. It is incorpo­rated under the Companies Act, 1956. Section 617 of this Act states that “a government company is that in which not less than 51 per cent of the paid-up share capital is held up by the central government and by any state government or governments or partly by the central government and by one or more state governments”.

This Act recognizes two forms of companies:

(1) Private limited, and

(2) Public limited.

Some of these important government companies are:

1. Hindustan Machine Tools (Private) Limited

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2. Bharat Electronics (Private) Limited

3. Bharat Heavy Electricals (Private) Limited

4. Hindustan Cable (Private) Limited

5. Hindustan Housing Factory (Private) Limited

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6. Rashtriya Fertilizers and Chemicals (Private) Limited

7. Hindustan Antibiotics Limited

8. Indian Tourism Development Corporation

9. Indian Telephone Industries Limited

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10. Indian Oil Corporation

11. Heavy Engineering Corporation

12. National Coal Development Corporation

13. Hindustan Insecticides (Private) Limited

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14. Fertilizer Corporation of India Limited

15. Hindustan Shipyard Limited

16. Shipping Corporation of India Limited

17. Maruti Udyog Limited