Government company


 Government Company


  •   As per Section 2(45), government company means any company in which not less than fifty-one per cent. of the paid-up share capital is held by-

(i) the Central Government, or

(ii) by any State Government or Governments, or 

(iii) partly by the Central Government and partly by one or more State governments,


  • And the section includes a company which is a subsidiary company of such a government company

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