Question

a government company is a company in which the paid up capital held by the government is not more then​

Answer 1

Answer:

In any government company, the minimum share or capital held by the government is not less than 51 percent of the total paid up capital. 51 % of the total paid up capital is held by central government or state government or jointly.

"A GOVERNMENT COMPANY MEANS ANY COMPANY IN WHICH NOT LESS THAN 51 PER CENT OF THE PAID UP CAPITAL IS HELD BY THE CENTRAL GOVERNMENT, OR BY ANY STATE GOVERNMENT OR PARTLY BY CENTRAL GOVERNMENT AND PARTLY BY ONE OR MORE STATE GOVERNMENTS."

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