https://www.taxtmi.com/article/detailed?id=12557 A government company is one where at least 51% of paid up capital is held by government, triggering CAG advised auditor appointment, MOA/AOA control over employee appointments, and presentation of annual and audit reports to Parliament or the state legislature; such companies have reduced public disclosure compared with public limited companies. A public limited company raises capital from the public, has limited liability, member appointed auditors, director control of employee appointments, annual reports presented to members, and broader public disclosure obligations. Both are governed by the Companies Act, 2013. en-us Thu, 25 Apr 2024 10:16:10 +0530 Thu, 25 Apr 2024 10:16:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12557 A government company is one where at least 51% of paid up capital is held by government, triggering CAG advised auditor appointment, MOA/AOA control over employee appointments, and presentation of annual and audit reports to Parliament or the state legislature; such companies have reduced public disclosure compared with public limited companies. A public limited company raises capital from the public, has limited liability, member appointed auditors, director control of employee appointments, annual reports presented to members, and broader public disclosure obligations. Both are governed by the Companies Act, 2013. Articles Corporate Laws / IBC / SEBI Thu, 25 Apr 2024 10:16:10 +0530 https://www.taxtmi.com/article/detailed?id=12557