what is meant by the term government company
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Answer:
MEANING OF GOVERNMENT COMPANY
A Government company is a company in which more than 50% of the paid-up capital is held by the Central Government, State Government, or jointly by the Central and the State Governments.
A Government company is a company in which more than 50% of the paid-up capital is held by the Central Government, State Government, or jointly by the Central and the State Governments.It is formed and registered under the Companies Act 20113.
FEATURES OF A GOVERNMENT COMPANY
Any company will become a government company when the government owns at least 51% of the company's shares.
Any company will become a government company when the government owns at least 51% of the company's shares.Any management in the company is governed by the companies act.
Any company will become a government company when the government owns at least 51% of the company's shares.Any management in the company is governed by the companies act.The employment takes place based on the Memorandum and Articles of Association of the company.
Any company will become a government company when the government owns at least 51% of the company's shares.Any management in the company is governed by the companies act.The employment takes place based on the Memorandum and Articles of Association of the company.The company gets its funds from shareholders (government and private).
Any company will become a government company when the government owns at least 51% of the company's shares.Any management in the company is governed by the companies act.The employment takes place based on the Memorandum and Articles of Association of the company.The company gets its funds from shareholders (government and private).Such a company is also allowed to raise funds for various purposes.
LIMITATIONS OF GOVERNMENT COMPANY
A limitation is that the companies act is valid because the company is owned by the government.
A limitation is that the companies act is valid because the company is owned by the government.Such companies are not answerable to the parliament and could lead to under the table business practices.
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