Question

The shares of a Government Company are purchased in the name of which of the following?
a.Crossed Cheque
b.Bearer’s Cheque
c.Both the above
d.None of the above​

Answer 1

Answer:

The acquisition or holding of shares in a company by the Government of India or a State Government is "executive action" as contemplated by Articles 77(1) and 166(1) of the Constitution and can, therefore, be made in the name of the President of India or the Governor of the State, as the case may be. 5.

Explanation:

none of the above