Government Companies enjoy legal status.

1. Government Company is one in which not less than 51% of the share capital is held by the Central Government or State Government or part by Centre and part by State. 

2. Government Companies are registered under Indian Companies Act, 2013 and its working is as per the Act and hence has distinct legal entity apart from the government, 

3. Being a company registered under 2013 Act, it has all features like common seal, limited liability, stability, etc. It can enter into contracts and acquire property in its own name. 

4. Thus, Government Company enjoys legal status or management is in the hands of Board of Directors and ownership is with Government.