Home › CA Foundation › businesslaw › The Companies Act, 2013 › Under Section 2(45), a 'Government company' is o…
Under Section 2(45), a 'Government company' is one in which not less than ___ of the paid-up share capital is held by the Government.
A74%
B100%
C51%
D26%
Answer & Solution
Correct answer: C. 51%
A Government company is one in which at least 51% of the paid-up share capital is held by the Central and/or State Government(s).
Related questions
A private company which is a subsidiary of a public company is, for the purposes of the AcUnder Section 44, shares (or debentures) of a member in a company are:Under Section 43, the share capital of a company limited by shares is of two kinds:'Paid-up capital' is equal to:Under Section 2(8), 'authorised' (nominal) capital is:Under Section 9, the effect of registration is that, from the date of incorporation, the cUnder Section 7, upon registration the Registrar issues a certificate of incorporation andUnder Section 2(52), a 'listed company' is one which: