What do you mean by government company explain its features?
A “Government company” is defined under Section 2(45) of the Companies Act, 2013 as “any company in which not less than 51% of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, and ….
What are the merits of government company?
Merits of Government CompanyEasy to establish. Government companies are easy to be established. … Large capital base. This is one important advantage of government companies. … Greater flexibility. … Professional management. … Facilitates private participation. … Better Continuity. … Lack of autonomy & flexibility. … Lack of motivation.More items…
What is the example of government company?
HMT, Hindustan Steel Limited, Hindustan Copper Limited, Hindustan Antibiotics Ltd., Hindustan Shipyard, Hindustan Aeronautics Limited, Steel Authority of India Limited (SAIL), Bharat Heavy Electricals Limited (BHEL), Maruti Udyog Limited, Bharat Earthmovers Limited (BEML), Madras Refineries Limited (MRL), Indian …
What is a government company Class 11?
Government Companies Government Company means any company in which at least 51% of the paid up share capital is held by the Central or State Government or partly by Central or State Government. For example, Steel Authority of India.
What work does the government perform?
Major functions of modern government include (1) foreign diplomacy, (2) military defense, (3) maintenance of domestic order, (4) administration of justice, (5) protection of civil liberties, (6) provision for and regulation of the conduct of periodic elections, (7) provision for public goods and services, (8) promotion …
What is the importance of a government?
Governments provide the parameters for everyday behavior for citizens, protect them from outside interference, and often provide for their well-being and happiness. In the last few centuries, some economists and thinkers have advocated government control over some aspects of the economy.