Public Private and Global Enterprises Test - 2

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 and partly by one or more State Governments, and includes a company which is a subsidiary company of such a Government company”.

Centralized control in the context of MNC's refers to the control exercised by the corporation's headquarters. In the case of MNC's the headquarters exercise (centralized) control over all its branches and subsidiaries across all the countries where the MNC has a presence.

A state-owned enterprise in India is called a Public Sector Undertaking (PSU) or a Public Sector Enterprise (PSE). These companies are owned by the union government of India, or one of the many state or territorial governments, or both.

Board for Industrial and Financial Reconstruction (BIFR) was set up in January, 1987 and functional with effect from 15^th May 1987. The responsibility of reviving of sick public sector units lies with of the BIFR. It decides whether the sick PSU's are to be reconstructed or these should be shut down.

Disinvestment involves the sale of the equity shares to the private sector and the public. The objective was to raise resources and encourage wider participation of the general public and workers in the ownership of Public Sector Enterprises (PSE).

The Indian economy consists of both privately owned and government owned business enterprises, it is known as a mixed economy. The Government of India has opted for a mixed economy where both private and government enterprises are allowed to operate.

The Indian economy consists of both privately owned and government owned business enterprises, it is known as a mixed economy. The Government of India has opted for a mixed economy where both private and government enterprises are allowed to operate.

The private sector encompasses all for-profit businesses that are not owned or operated by the government. This is run by private individuals or groups, usually as a means of enterprise for profit.

A state-owned enterprise in India is called a Public Sector Undertaking (PSU) or a Public Sector Enterprise (PSE). These companies are owned by the union government of India, or one of the many state or territorial governments, or both.

After having attained independence, the Government of India declared its first Industrial Policy on 6th April, 1948. The Industrial Policy 1948 was presented in the parliament by then Industry Minister Dr. Shyama Prasad Mukherjee.