Business Studies

Give the classification of companies on the basis of ownership. 


SOLUTION
On the basis of ownership companies can be divided as 
  • Government company: It is a company in which at least 51% of the paid up share capital is owned by the central or the state government. The rest is owned by an individual or a private company. Example: Coal Mines Authority Ltd.
  • Non-Government company: It is a company which is not owned by the government but instead by a private individual or group of individuals. Example: HelpAge India
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