Hello frnds....Can anyone explain me the difference between a Government Co. and a Public Co. in detail?
ANJALI NEGI (Chartered Accountant) (1263 Points)
12 October 2012Hello frnds....Can anyone explain me the difference between a Government Co. and a Public Co. in detail?
deepali agarwal
(Company Secretary)
(1289 Points)
Replied 12 October 2012
According to Companies Act, Government company is also a public limited company.
Public Company means a company which-
(a) is not a private company;
(b) has a minimum paid-up capital of five lakh rupees or such higher paid-up capital, as may be prescribed;
(c) is a private company which is a subsidiary of a company which is not a private company.
A public limited company wherein Central or any State Government holds not less than 51% of paid up shareholding, it is called as government company.
CA Lokesh Pokharna
(CA (Ahmedabad Bhilwara Chittorgarh))
(4128 Points)
Replied 23 October 2012
Dear anjali , public companies divided into two parts .
first known as govt. company & others are non govt. co.
in a public co. where govt holdings are as per sec, 619 than its known as govt company , otherwise it known as only public company.
every listed company is known as public company like RIL, ITC but if if there are holdings are as per sec. 619 than these are as govt. company like ONGC, IOC, BPCl, BHEL,etc,
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 01 November 2012
for Public Company go to this link
https://indiankanoon.org/doc/1330413/
For government company
For the purposes of 1[this Act] Government company, means any company in which not less than fifty one per cent of the 2[paid-up share capital] is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, 3[and includes a company which is a subsidiary of a Government company as thus defined].
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GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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