Question

Write the difference between statutory corporation and government company in six points

Answer 1

The Government is owner of 51% of its capital and receives part of profits by way of dividend after appropriation of all expenses. Thecorporations have independent financial powers and they can raise capital from the market to the extent permitted by theGovernment or 49% of equity which ever is more.

Answer 2

Explanation:

. The listed public limited company would one whose ownership is disbursed among the general public in the form of shares traded on one or more stock exchanges however a Government company is one where at least 51% of the paid up share capital is held by the Central and/or a state government