Gas authority of India Ltd. (GAiL) is carrying on various projects of energy and power. Majority of its shares are held by the government of India . It was registered under the previous Companies Act. It enjoys all the characteristics of a company. The board of directors are appointed by the government. The Board and shareholders are responsible for the efficient working of the company. The company prepares its annual report and submit to the appropriates authorities.
(a) Name the type of public sector enterprise referred to in the above para.
(b) In whose name does the government buy shares ?
(c ) State any three features of the type of public sector enterprise identified in part (a) other than those discussed in the above para.

Explanation

(a)Government Company
(b) President of India
( c) Features of government company : (Explain any three )