Public Private and Global Enterprises Test - 3

The different types of public sector enterprises are as follows:
1.Departmental undertakings : This is the oldest and most traditional form of organizing public enterprises. Examples of these undertakings are railways, post and telegraph department.
2.Statutory corporations : Statutory corporations are public enterprises brought into existence by a special act of the parliament.
3.Government company : A Government company is established under the Indian Company Act, 1956 and is registered and governed by the provisions of the Indian Companies Act.

The different types of public sector enterprises are as follows:
1.Departmental undertakings : This is the oldest and most traditional form of organizing public enterprises. Examples of these undertakings are railways, post and telegraph department.
2.Statutory corporations : Statutory corporations are public enterprises brought into existence by a special act of the parliament.
3.Government company : A Government company is established under the Indian Company Act, 1956 and is registered and governed by the provisions of the Indian Companies Act.

Departmental undertakings : This is the oldest and most traditional form of organizing public enterprises. Examples of these undertakings are railways, post and telegraph department.

Departmental undertakings : This is the oldest and most traditional form of organizing public enterprises. Examples of these undertakings are railways, post & telegraph department and Air India.
 

Statutory corporations: Statutory corporations are public enterprises brought into existence by a special act of the parliament and are governed by the provisions of the Act.

Statutory corporations are public enterprises brought into existence by a special act of the parliament. Statutory corporations are Public enterprises.

A private company is the one which has a minimum paid up share capital of Rs. 100000 or such higher capital as prescribed by the Companies Act. Its Article of association mentions that the company restricts the right to transfer its shares; limits the number of its members from 2 to 50.

Public Limited Companies is those types of companies where minimum number of members is 7 (seven) and there is no cap on the maximum number of members.

Before commencing the incorporation of a company, the directors of the company must acquire the proposed name must be approved by the Registrar of Companies in Ministry of Corporate Affairs.

A proposed name of Company is considered undesirable if

1. it resembles closely the popular or abbreviated description of an existing company or limited liability partnership;
2. the proposed name is identical with or too nearly resembles the name of a company or limited liability partnership incorporated outside India and reserved by such company or limited liability partnership with the Registrar:
3. the proposed name includes the word “State”, the same shall be allowed only in case the company is a government company;