Study the following case/situation and express your opinionThere is X

1.	Study the following case/situation and express your opinionThere is X company in which capital contribution by different entities are as follows : Madhya Pradesh Government 35%, Maharashtra Government 35% and Government of India 30% of company.(i) Find out type of this company.(ii) Tell any two features of this company.(iii) Give an example of this type of company.
Answer» (i) ‘X’ company is a Government Company. (ii) Separate legal entity and Registration under the Companies Act, 2013 are the features of “X Government Company. (iii) Hindustan Machine Tools (HMT), State Trading Corporation (STC), are the examples of the Government Company.

Study the following case/situation and express your opinionThere is X company in which capital contribution by different entities are as follows : Madhya Pradesh Government 35%, Maharashtra Government 35% and Government of India 30% of company.(i) Find out type of this company.(ii) Tell any two features of this company.(iii) Give an example of this type of company.

Answer»

(i) ‘X’ company is a Government Company.

(ii) Separate legal entity and Registration under the Companies Act, 2013 are the features of “X Government Company.

(iii) Hindustan Machine Tools (HMT), State Trading Corporation (STC), are the examples of the Government Company.