Hello frnds....Can anyone explain me the difference between a Government Co. and a Public Co. in detail?
4 Replies
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].
Recent Topics
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
- Section 194 J Technical Service/Professional Servi
- Solving of Export Related Problems
- Need your valueble insight.
- Softex For freelancer ?
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
Related Threads
CAclubindia
