GENERAL KNOWLEDGE

Detailed explanation-1: -However, the provisions of the Companies Act, 1956 applies to them, insofar as the same are not inconsistent with the special Acts under which these companies are formed. 1. Incorporation-: The Government Company is registered under Companies Act, 1956.

Detailed explanation-2: -Government Companies are legally registered under the Companies Act 2013, under section 2(45). The Government Companies observe the rules engraved in this section. Like all other companies, Government Companies too have a separate legal entity, that is to be sued and can sue in legal matters.

Detailed explanation-3: -The Companies Act 2013 is an Act of the Parliament of India on Indian company law which regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company.

Detailed explanation-4: -Section 149(1)(b) of Companies Act, 2013 shall not apply to the Government Company, which says that any company should not have more than 15 directors.

Detailed explanation-5: -What is the difference between Companies Act 1956 and Companies Act 2013? The key difference between Companies Act 1956 and Companies Act 2013 is that as per the Companies Act 1956, a person cannot form a company, whereas in the Companies Act 2013, a person can form a company.