Tag: forms, comparison and cases of public enterprises

Questions Related to forms, comparison and cases of public enterprises

____ formed by the government to meet some governmental and political purposes.

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. A foreign corporations

  2. A public corporation

  3. A Private corporations

  4. A professional corporations

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Correct Option: B
Explanation:

Public Corporation is a body corporate created by an Act of Parliament or Legislature. Its name is notified in the official gazette of the Central or State Government. It is an artificial person with the flexibility of the private sector and the powers of the government. They are set up with the objective of carrying out a specific type of commercial activity. These organizations are formed for administering nationalized industries or undertakings. Many service organizations of the government are set up in the form of corporations. It is formed and operated basically with a service motive. Profits are only a secondary consideration. For eg: FIC,  LIC,  ONGC etc.

Which ONE of the following is unlikely to constitute unfairly prejudicial conduct?

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. The payment of excessive remuneration.

  2. Preventing the members from obtaining the best price for their shares.

  3. The improper transfer of shares.

  4. Mismanagement

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Correct Option: D
Explanation:

Mismanagement. (usually uncountable, plural mismanagements) The process or practice of managing ineptly, incompetently, or dishonestly. The value of the firm's stock fell precipitously when word leaked out that officers of the company were under investigation for gross mismanagement.

The shares of the government company is purchased in the name of ___________.

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. Central government

  2. State government

  3. Prime minister of India

  4. President of India

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Correct Option: D
Explanation:

The shares of the company are purchased in the name of the President of India. Since the government is the major shareholder and exercises control over the management of these companies.

The government company cannot enter into contract or acquire property in its own name.

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. True

  2. False

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Correct Option: B
Explanation:
A government contractor is a company (privately owned or publicly traded but not a state-owned enterprise) either for-profit or non-profit – that produces goods or services under contract for the government. Ownership is the state or fact of exclusive rights and control over property, which may be an object, land/real estate or intellectual property. 
Ownership is self-propagating in that the owner of any property will also own the economic benefits of that property.

The government company obtains funds from ___________ .

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. government share holdings

  2. private shareholders

  3. capital market

  4. all of the above

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Correct Option: D

An auditor for the government company is appointed by ___________.

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. Parliament

  2. Central government

  3. State government

  4. All of the above

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Correct Option: B
Explanation:


In accordance with the provisions of Section 139 of the Companies Act, 2013 (earlier section 619 of the Companies Act, 1956), in the case of a Government company, the Comptroller and Auditor General of India (C&AG of India) shall, in respect of a financial year, appoint an auditor duly qualified to be appointed as an.

Minimum paid up capital to be kept by the government of a government company is ______.

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. 35%

  2. 75%

  3. 51%

  4. 50%

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Correct Option: C
Explanation:
A “Government company” is defined under Section 2(45) of the Companies Act, 2013 as “any company in which not less than 51% of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government. A government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government.

Government company can file a suit in court of law and can also be used.

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. True

  2. False

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Correct Option: A

Government companies are established for business purposes.

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. True

  2. False

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Correct Option: A

The government company has a separate legal entity apart from the government.

organisation of commerce and management government organisation meaning and features of government company government companies forms, comparison and cases of public enterprises

  1. True

  2. False

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Correct Option: A
Explanation:

A company is a separate legal entity as distinct from its members. A company is a separate legal entity as distinct from its members, therefore it is separate at law from its shareholders , directors , promoters etc and as such is conferred with rights and is subject to certain duties and obligations.