Government company
This query is : Resolved
10 June 2010
Hi,
does the definition of a company include a government company. Section 125 of the companies act 1956 is applicable to a company, does that mean it is applicable to a government company as well. Pls reply asap.
does the definition of a company include a government company. Section 125 of the companies act 1956 is applicable to a company, does that mean it is applicable to a government company as well. Pls reply asap.
10 June 2010
AS per section 2(18) of the Companies Act,1956 'Government Company' means a Government company within the meaning of Section 617 of the Act.
In Bare Act u can read 'Application of Act to the Government Companies'.
In my opinion sec.125 is not applicable on govt.companies.
In Bare Act u can read 'Application of Act to the Government Companies'.
In my opinion sec.125 is not applicable on govt.companies.
10 June 2010
In my opinion, A Government company is also a company under the act even if it is not registered under the act.
Though the definition specifically define private & public company, In the Act at various places the word" company" is used, without any prefix or suffix, it would mean that the provision applies to all kind of companies.
Though the definition specifically define private & public company, In the Act at various places the word" company" is used, without any prefix or suffix, it would mean that the provision applies to all kind of companies.
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