Question

Give the classification of companies on the basis of ownership.

Answer 1

On the basis of ownership companies can be divided as

• Government company: It is a company in which at least 51% of the paid up share capital is owned by the central or the state government. The rest is owned by an individual or a private company. Example: Coal Mines Authority Ltd.
• Non-Government company: It is a company which is not owned by the government but instead by a private individual or group of individuals. Example: HelpAge India