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Business Studies

Promotion of a Company

Select the pr...

Question

Select the proper option from the options given below and rewrite the sentences.

Government company is registered under ________.

(a) special legislation
(b) Companies Act 1956
(c) Banking Act 1949

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Solution

Government company is registered under Companies Act 1956.

Explanation:
A government company is established under the Companies Act, 1956. The provisions of the Companies Act regulate the management and operations of a government company. For example, Bharat Heavy Electricals Ltd, Hindustan Machine Tools Ltd, etc are registered under the Companies Act, 1956.
The correct option is B.

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