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Features of Joint Stock Company|Merits|Limitations|Types of Companies

Features of Joint Stock Company|Merits|Limitations|Types of Companies

A company has 5 lakh shares of Rs. 15 each. The capital of the company is _________.

Explain in detail the types of debentures a company can issue.

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?

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