Business Studies

A government company can be established by fulfilling the requirements of the Companies Act.


ANSWER

True


SOLUTION
Companies Act 1956 was an Act of the Parliament of India, enacted in 1956, which enabled companies to be formed by registration, sets out the responsibilities of companies, their directors and secretaries and also provides for the procedures for its winding.
View Full Answer

Its FREE, you're just one step away


TRUE/FALSE Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 146
Enroll Now For FREE

Realted Questions

Q1 TRUE/FALSE Medium
State the following statements is True or False:
The report sent to the members before the statutory meeting is the statutory report.
  • A. True
  • B. False

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Accelerated Industrial Growth through a MNC is an advantage to ______.
  • A. home country
  • B. host country
  • C. both country
  • D. none of the above

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
Feature(s) of a public corporation is/ are ________________________.
  • A. It is generally not exempt from the rigid rules applicable to the expenditure of public funds
  • B. A public Corporation is managed by board of directors who are appointed by the public financial institutions
  • C. The primary motive of the corporation is public service rather than private profits
  • D. All of above

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
Which of the following is/are statutory corporation?
  • A. Life Insurance Corporation(LIC)
  • B. Unit Trust of India(UTI)
  • C. Food Corporation of India
  • D. All of the above

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
Which of the following is/are included in public sector enterprises as 'Navaratnas'?
  • A. RCL
  • B. LIC
  • C. RBI
  • D. GAIL

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer