Question

what do you mean by government company? explain features​

Answer 1

Answer:

the companies which are running in the power of government  and some times with the help of private powers are called government companies , these companies provide products or services in low costs or free of cost to people of the society .

Explanation:

Answer 2

Explanation:

A “Government company” is defined under Section 2(45) of the Companies Act, 2013 as “any company in which not less than 51% of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, and includes a company which is a subsidiary company of such a Government company”.

Thus, the cardinal feature of a government company is not less than 51% ownership by Central/state government, either individually or jointly.

This definition includes what is generally known as public sector undertakings/ enterprises in India.

A “subsidiary company” or “subsidiary” of a Government Company would also be categorized as a Government Company provided the Government Company

(i) controls the composition of the Board of Directors; or

(ii) exercises or controls more than one-half of the total voting rights

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