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Difference between public/government co

sai kiran mulukalla (s) (61 Points)

12 October 2012

Government Company is a company in which more than 50% of shareholding held by state,central,local government.

Public company means other than private & Government company because it cannot explain in short.

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6 Replies

CA Ayush Agarwal (Kolkata-Pune-Mumbai) (27186 Points)
Replied 12 October 2012

Public Company Means A Large General Public Have Holding in That Company.

Also Called PSU.

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sai kiran mulukalla (s) (61 Points)
Replied 12 October 2012

Originally posted by : sai kiran mulukalla
	Government Company is a company in which more than 50% of shareholding held by state,central,local government. Public company means other than private & Government company because it cannot explain in short.

Deepak kumar sharma (Govt. job) (2946 Points)
Replied 12 October 2012

Besides legal positions

Today i read a news in paper about Indian public sector companies. A chinise researcher concluded that Indian public sector is a disaster and obstacle in fast growth and i am totally agree with him.

parul mendiratta (article) (25 Points)
Replied 13 October 2012

yes sai kiran..u r correct...thanks fr sharing....

CA Gopal Somani (Associate Consultant at Infosys Ltd.) (464 Points)
Replied 18 October 2012

hey frnds

according to my knowledge :-

In India, public sector undertaking (PSU) is a term used for a government-owned corporation (company in the public sector). The term is used to refer to companies in which the government (either the Union Government or state or territorial governments, or both) owned a majority ( more than 50 %) of the company equity, Which is also called Government company.

a public company is one in which general public having holding..

in my opinoin CA AYUSH AGRAWAL is wrong in saying that a public company is PSU. Reliance, infosys all are public companies but not PSU. but BHEL SAIL are PSU.

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CA Ayush Agarwal (Kolkata-Pune-Mumbai) (27186 Points)
Replied 18 October 2012

Originally posted by : CA Gopal Somani
	hey frnds according to my knowledge :- In India, public sector undertaking (PSU) is a term used for a government-owned corporation (company in the public sector). The term is used to refer to companies in which the government (either the Union Government or state or territorial governments, or both) owned a majority ( more than 50 %) of the company equity, Which is also called Government company. a public company is one in which general public having holding.. in my opinoin CA AYUSH AGRAWAL is wrong in saying that a public company is PSU. Reliance, infosys all are public companies but not PSU. but BHEL SAIL are PSU.