Write Notes on government companies for 5 marks
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GOVERNMENT COMPANY {SECTION 2(42)}
GOVRNMENT COMPANY IS A COMPANY IN WHICH NOT LESS THAN 51%, OF PAID-UP SHARE CAPITAL IS HELD BY THE CENTRAL GOVERNMENT OR BY ANY STATE GOVERNMENT OR GOVERNMENTS, OR PARTIY BY CENTRAL GOVERNMENT OR PARTLY BY ONE OR MORE STATE GOVERNMENTS, AND INCLUDES WHICH IS SUBSIDIARY COMPANT OF SUCH A GOVERNMENT COMPANY.
WHERE THE CENTRAL GOVERNMENT IS A MEMBER OF A GOVERNMENT COMPANY, THE CENTRAL GOVERNMENT SHALL CAUSE AN ANNUAL REPORT ON THE WORKING AND AFFAIRS OF THAT COMPANY TO PREPARE WITHIN 3 MONTHS OF ITS AGM, AND LAID DOWN BEFORE BOTH THE HOUSES OF PARLIAMENT TOGETHER WITH THE COPY OF THE AUDIT REPORT AND COMMENTS UPON OR SUPPLEMENT TO THE AUDIT REPORT, MADE BY THE COMPTROLLER AND AUDITOR GENERAL OF INDIA.
WHERE IN ADDITION TO THE CENTRAL AND ANY STATE GOVERNMENT IS ALSO THE MEMBER OF THE GOVERNMENT COMPANY, THAT STATE GOVERNMENT SHALL CAUSE A COPY OF THE ANNUAL REPORT PREPARED WITHIN THE 3 MONTHS OF ITS AGM AND LAID BEFORE BOTH THE HOUSES OF PARLIAMENT OF THE AND ALSO TO THE HOUSES OF STATE LEGISLATURE TOGETHER A COPY OF THE AUDIT REPORT AND THE COMMENTS UPON OR SUPPLEMENT OF THE AUDIT REPORT , MADE BT THE COMPTROLLER AND AUDITOR GENERAL OF INDIA.
WHERE THE CENTRAL GOVERNMENT IS NOT A MEMBER OF THE GOVERNMENT COMPANY EVERY STATE GOVERNMENT WHICH IS A MAMBE OF THAT COMPANY, OR WHERE ONLY ONE STATE GOVERNMENT IS A MEMDER OF THE COMPANY, THAT STATE GOVERNMENT SHALL CAUSE PREPARATION , LAID BEFORE THE HOUSE OR BOTH HOUSES OF STATE LAGISLATURE TO THE AUDIT REPORT MADE BY THE COMPTROLLER AND AUDITOR GENERAL OF INDIA,
GOVRNMENT COMPANY IS A COMPANY IN WHICH NOT LESS THAN 51%, OF PAID-UP SHARE CAPITAL IS HELD BY THE CENTRAL GOVERNMENT OR BY ANY STATE GOVERNMENT OR GOVERNMENTS, OR PARTIY BY CENTRAL GOVERNMENT OR PARTLY BY ONE OR MORE STATE GOVERNMENTS, AND INCLUDES WHICH IS SUBSIDIARY COMPANT OF SUCH A GOVERNMENT COMPANY.
WHERE THE CENTRAL GOVERNMENT IS A MEMBER OF A GOVERNMENT COMPANY, THE CENTRAL GOVERNMENT SHALL CAUSE AN ANNUAL REPORT ON THE WORKING AND AFFAIRS OF THAT COMPANY TO PREPARE WITHIN 3 MONTHS OF ITS AGM, AND LAID DOWN BEFORE BOTH THE HOUSES OF PARLIAMENT TOGETHER WITH THE COPY OF THE AUDIT REPORT AND COMMENTS UPON OR SUPPLEMENT TO THE AUDIT REPORT, MADE BY THE COMPTROLLER AND AUDITOR GENERAL OF INDIA.
WHERE IN ADDITION TO THE CENTRAL AND ANY STATE GOVERNMENT IS ALSO THE MEMBER OF THE GOVERNMENT COMPANY, THAT STATE GOVERNMENT SHALL CAUSE A COPY OF THE ANNUAL REPORT PREPARED WITHIN THE 3 MONTHS OF ITS AGM AND LAID BEFORE BOTH THE HOUSES OF PARLIAMENT OF THE AND ALSO TO THE HOUSES OF STATE LEGISLATURE TOGETHER A COPY OF THE AUDIT REPORT AND THE COMMENTS UPON OR SUPPLEMENT OF THE AUDIT REPORT , MADE BT THE COMPTROLLER AND AUDITOR GENERAL OF INDIA.
WHERE THE CENTRAL GOVERNMENT IS NOT A MEMBER OF THE GOVERNMENT COMPANY EVERY STATE GOVERNMENT WHICH IS A MAMBE OF THAT COMPANY, OR WHERE ONLY ONE STATE GOVERNMENT IS A MEMDER OF THE COMPANY, THAT STATE GOVERNMENT SHALL CAUSE PREPARATION , LAID BEFORE THE HOUSE OR BOTH HOUSES OF STATE LAGISLATURE TO THE AUDIT REPORT MADE BY THE COMPTROLLER AND AUDITOR GENERAL OF INDIA,
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