What is the difference between government company and public company ?
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goverment company is owned by goverment wheras public company is owned by private individual
in public company mai motive is to maximze profit wheras in goverment company main motive is lookin social welfare of society
in public company mai motive is to maximze profit wheras in goverment company main motive is lookin social welfare of society
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i have made two mistakes in typing 1. on the place of main i typed mai 2. on the place of looking i typed lookin
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ANSWER:
Government Company
It is the one in which "not less than 51%" of the paid- up share capital is held by the "Central Government" or State Government or both jointly. It is not an agent of the state. It has the characteristics of a private company. Government companies are under the control of:
- Judicial control
- Governmental control
- Parliamentary control
- Public control
- Public Company
Example: National Construction Co. Ltd
It is the one whose shares are traded freely on a stock exchange. It is an instrument of the government and is created by the statute. Once a public company is established, it is hard for the authorities to change the nature of business, unless the Parliament or state legislature amends the original statute. Public corporations are controlled by:
- Judicial control
- Governmental control
- Public control
Examples: LIC, FCI
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