A government company is not answerable directly to the Parliament.

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A True
A Government company is free from budgetary, accounting and audit controls, applicable to Government undertakings.
Accountability to the Parliament/State Legislature.
The Annual Report of a Government company is placed before the Parliament or the State Legislature.

Suggest Corrections

Similar questions

A government company is any company in which the paid up capital held by the government is not less than

Join BYJU'S Learning Program