Formation of Government Company:

Formation of Government Company:

We provide our services for online incorporation of a new government company anywhere in India and providing all procedures & FAQ's about formation of government companies in India. We register a government company anywhere in India.

A GOVERNMENT COMPANY in which 51 per cent or more of the total paid-up share capital is held by the Central Government and/or any one or more State Governments. A subsidiary of a Government company is also a Government company. The holding of shares by municipal and other local authorities or statutory corporations is, however, not to be taken into consideration for calculating the extent of Government shareholding. A Government company may be a private company or a public company. Law requires minimum of two members to float a private company, one of whom can be the President or the Governor, as the case may be, and the other any officer of the Government. All Government companies are treated as public sector companies.

  •  Under section 620 of the Act, the Central Government may, by notification in the Official Gazette, exempt any Government company from complying with such provisions of the Act as may be specified in the notification.
  • The auditors of a Government company has to be appointed or re-appointed by the Controller and Auditor-General of India who can conduct supplementary/test audit also.

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