which public enterprise established under Indian company act and conducted business in competition with companies in private sector?
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Reliance company
The hierarchy of reliance company.
a) It's a government company
b) minimum 51% of the paid up capital and the shareholder's is government(major) through medium of the ministry concerned
c) MERITS: 1) Flexibility- they can change their rules in hour of need
2) Ouick decision- they can take quick decision in absence of uncessary formalities and red tapism
DEMERITS: 1) no continuity in policies- speedy replacement of chairman causes change in policies rapidly
2)Incomplete operational autonomy- moer interference of government through government ministries in company
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