After reading this article you will learn about:- 1. Characteristics of a Government Company 2. Advantages of a Government Company 3. Limitations. Characteristics of a Government Company: 1. A government company is formed and registered under the Companies Act, 1956 as a public company or a private company. Provisions of company law are applicable to government companies also. 2. It [...]
After reading this article you will learn about:- 1. Meaning and Definition of Public or State Enterprises 2. Characteristics of State Enterprises 3. Objectives 4. Advantages 5. Disadvantages. Meaning and Definition of Public or State Enterprises: State enterprises as a form of business organisation occupy an important place in the economy of the country today. State enterprise is an undertaking [...]
Following are the different forms of organisation for managing state enterprises: 1. Departmental Form of Organisation 2. Public or Statutory Corporation 3. Government Company. 1. Departmental Form of Organisation: Departmental form of organisation is the oldest method of organising and operating the state enterprises. A departmental enterprise is financed and controlled much in the same way as any other government [...]