The __________ have the responsibility in ensuring that the corporations act according to the rules and norms of the society. * a. Governments b. Public c. Customers d. Creditor​

Laws governing the cooperative societies are uniform in all states. These laws give the member of a housing society the right to nomination during his lifetime. This is quite unlike the rule in other property related cases where nomination comes into force after the demise of the member. The question then arises that, can the nominee get full proprietorial rights over a flat merely because he has been nominated by a deceased member of the society. Many people are under the wrong impression that once a nomination form has been filled, their responsibility is over and that the nominee would have no problem acquiring the property. And that the legal heirs of the member will pose no problem for the nominee. Cooperative movement had started with cooperative housing societies.

Gas authority of India Ltd . (GAIL) is carrying on various projects of energy and power . Majority of its shares are held by government of India . It is registered under Companies Act , 1956 and enjoy 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 appropriate authorities. (a) Name the type of public sector enterprise referred in above para. (b) Government dusy shares in whose name ? (c ) Where does goverment companies submit their reports?

Gas authority of India Ltd. (GAIL) is carrying on various projects of energy and power. Mojority 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 prepaers its annual report and submit to the appropriate 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 shareholders. It is also premitted to raise funds from the capital market.