It is a public sector enterprises in which Govt. of India held 65% of paid up share capital and it is registered as per Company Act, 2013. It deals in manufacturing of fertilizer. (5)
(i) Which type of public sector enterprise is discussed above?
(ii) Write any two characteristics of such organisation.
Dear student,
(a) The type of Public enterprise discussed above is Government Company
(b) characteristics of Government companies are as follows-
1- Separate legal entity from Government
2- whole or majority ie more than 50% capital paid by Government
3- It is registered under the companies act
4- perpetual succession and has its seal under which all contracts are signed
Regards!!
(a) The type of Public enterprise discussed above is Government Company
(b) characteristics of Government companies are as follows-
1- Separate legal entity from Government
2- whole or majority ie more than 50% capital paid by Government
3- It is registered under the companies act
4- perpetual succession and has its seal under which all contracts are signed
Regards!!