Govt. companies

what are government companies.
list of government companies in various sectors of the indian economy.

1. GOVERNMENT COMPANIES

2. What are Government Companies? A public enterprise incorporated under The Indian Companies Act, 1956 is called a government company. These companies are owned and managed by the central or state government. According to the Indian Companies Act, 1956, a government company means “any company in which not less than 51 % of the paid up share capital is held by the state or central government and include a company which is subsidiary of government company.

3. T hese companies are registered as private limited companies though their management and their control vest is with the government. This is a type of organization where both the government and private individuals are share holders. Sometimes these companies are called as a mixed ownership companies.

4. Features of Government Companies.. It is formed under the provisions of The Indian Companies Act,1956. The total share capital or 51% or more of share capital is held by the government. It enjoys the status of a legal entity and therefore it can use or be sued by others. The finance of a government company is obtained from the government and from private share holders .

5. The employees are governed by the rules prescribed for the company by the board of directors. It is not subject to budgeting, accounting , and audit rules applicable to a government department. The directors are not nominated by the government depending upon participation of private capital.

6. COAL INDIA LIMITED (CIL) C oal India Limited (CIL) is an Indian state controlled coal mining company headquartered in Kolkata, West Bengal, India.   It is the largest coal producer company in the world and contributes around 81% of the coal production in India.   It produced 452 million tonnes of coal during FY 2012–13[1] and earned a revenue of INR 882.81 billion from sale of coal in the same financial year.

7. Union Government of India owns 90% of the shares in CIL and controls the operations of CIL through Ministry of Coal. Coal India had 357,926 employees as on 31 March 2013, out of which 304,792 were workmen, 33,542 were supervisors and 19,592 were Executives. It spent Rs. 273.21 billion on Employee benefits which accounted for 52.47% of the total expenditure incurred during the FY 2012–13.

8. FOLLOWING ARE SOME MORE EXAMPLES..

9. TELE COMMUNICATION

10. CRUDE OIL..

11. GAS..

12. RAILWAYS..

13. BANKS..

14. Role of government companies in benefiting the General public...

15. It gives employment to all level of people be it skilled or unskilled regularly.  It works for general welfare with minimal profits.  It provides the facility subsidy  products .

16. Presentation By- Kanak Daga