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What is the difference between govt. company and public
ltd. company
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Answer Posted / mitrani banerjee
GOVT. COMPANY: AS PER THE PROV. OF SEC. 617 OF THE
COMPANIES ACT,1956 GOVT CO. MEANS ANY COMPANY IN WHICH NOT
LESS THAN 50%OF THE PAIDUP CAPITAL IS HELD BY THE GOVT.OR
BY ANY STATE GOVT.OR GOVTS.,OR PARTLY BY THE CENTRAL
GOVT.AND BY ANY STATE GOVT.
PUBLIC CO.: AS PER THE PROV. OF SEC.3(1)(IV) OF THE
COMPANIES ACT,1956 PUBLIC COMPANY MEANS,
I)WHICH IS NOT A PVT.CO.,
II)MINIMUM PAID UP CAPITAL Rs.50,00,000 OR MORE,
III)IS APVT.CO.WHICH IS A SUBSIDIARY OF A COMPANY WHICH IS
NOT APVT.CO.
| Is This Answer Correct ? | 6 Yes | 8 No |
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