What is the difference between government company and public limited company.
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A public company in as instrument of the state created by the statute which can invite public to subscribe to its shares which are quoted in stock exchanges. The minimum paid up capital should be of 5 lakh.
Ex- LIC , ONGC
A government company means a company with 51% or more of shares with Central or State govt. It is created by Articles of Association and Memorandum of Association. It is not a department or an extension of the State.
Ex - National Construction Co. Ltd.
Ex- LIC , ONGC
A government company means a company with 51% or more of shares with Central or State govt. It is created by Articles of Association and Memorandum of Association. It is not a department or an extension of the State.
Ex - National Construction Co. Ltd.
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