Question

which public enterprise established under Indian company act and conducted business in competition with companies in private sector?

Answer 1

Hello !

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