Government company status by government shareholding preserves corporate distinctness and excludes employees from civil servant protections. A government company is one in which the government holds controlling paid-up share capital and includes its subsidiaries; this status preserves the company's corporate distinctness from the government, confers statutory regulatory control and privileges, but does not convert the company into the government. Consequently, employees of a government company are not government servants and do not attract constitutional protections applicable to civil service, nor have a direct legal claim on the government for company payroll or pay revision obligations.
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Government company status by government shareholding preserves corporate distinctness and excludes employees from civil servant protections.
A government company is one in which the government holds controlling paid-up share capital and includes its subsidiaries; this status preserves the company's corporate distinctness from the government, confers statutory regulatory control and privileges, but does not convert the company into the government. Consequently, employees of a government company are not government servants and do not attract constitutional protections applicable to civil service, nor have a direct legal claim on the government for company payroll or pay revision obligations.
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