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Mention any three features of government company? |
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Answer» Features of government company: . 1. Registrations under the companies Act: A government company is formed under the Companies Act 1956. 2. Own staff: A government company has its own staff except government officials who are sent to it on deputation. 3. Majority of the capital provided by the government: The whole or majority (at least 51%) of the capital of a government company is provided by the government. |
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