Question

Government company meaning

Answer 1

Answer:

A government company is a company registered under Indian Companies Act in which not less than 51% of paid up shares captital is held by the central government or any state government partly by one or more state governments. Private participation in captail and mangment is not allowed in this form of organization. It enjoys faniancial autoonmy and has idependent staffing system. Such a company does not have to worroy about auditing, accounting and bugetary contols.

Answer 2

Answer:

A government company is a company registered under the Indian Companies Act in which not less than 51% of paid up share capital is held by the central government or any state government or partly by central government partly by one or more state governments.

Explanation:

A government company is a company registered under the Indian Companies Act in which not less than 51% of paid up share capital is held by the central government or any state government or partly by central government partly by one or more state governments.