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प्रश्न
What are the Features of Government company? (Any 5)
उत्तर
1. Registration Under the Companies Act:
A Government company is formed through registration under the Companies Act, 1956; and is subject to the provisions of this Act, like any other company. However, the Central Government may direct that any of the provisions of the Companies Act shall not apply to a Government company or shall apply with certain modifications.
2. Executive Decision of Government:
A Government company is created by an executive decision of the Government, without seeking the approval of the Parliament or the State Legislature.
3. Separate Legal Entity:
A Government company is a legal entity separate from the Government. It can acquire property; can make contracts and can file suits, in its own name.
4. Whole or Majority Capital Provided by Government:
The whole or majority (at least 51 %) of the capital of a Government company is provided by the Government, but the revenues of the company are not deposited into the treasury.
5. Majority of Government Directors:
Being in possession of a majority of share capital, the Government has the authority to appoint a majority of directors, on the Board of Directors of a government company.
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संबंधित प्रश्न
Select the correct option and rewrite the sentence:
In government company minimum __________ % paid-up capital is held by the government.
Complete the sentence.
All government companies are registered under ____________ Act, 2013.
Answer in one sentence.
What is Government Company?
Explain the following term/concept.
Government Company.
Study the following case/situation and express your opinion.
There is X company in which capital contribution by different entities is as follows: Madhya Pradesh Government 35%, Maharashtra Government 35%, and Government of India 30% of the company.
- Find out the type of this company.
- Tell any two features of this company.
- Give an example of this type of company.
Attempt the following.
Features of Government Company.
Attempt the following.
Demerits of Government Company.
Answer the following in detail.
Explain merits and demerits of Government Company.
Match the pairs.
| Group ‘A’ | Group ‘B’ | ||
| A) | BHEL | 1) | Special Legislature |
| B) | Statutory Corporation | 2) | 49% paid up capital by govt. |
| C) | Departmental Organisation | 3) | Service Motive |
| D) | Private Sector | 4) | Railway |
| E) | Public Sector | 5) | Profit Motive |
| 6) | 51% paid up capital by govt. | ||
Match the pairs.
| Group ‘A’ | Group ‘B’ | ||
| A) | BHEL | 1) | Special Legislature |
| B) | Statutory Corporation | 2) | 49% paid up capital by govt. |
| C) | Departmental Organisation | 3) | Service Motive |
| D) | Private Sector | 4) | Railway |
| E) | Public Sector | 5) | Profit Motive |
| 6) | 51% paid up capital by govt. | ||
