A government company is established under dash
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Government company is registered under Companies Act 1956. Explanation: A government company is established under the Companies Act, 1956.
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A government company is established under the Companies Act, 1956. The provisions of the Companies Act regulate the management and operations of a government company. For example, Bharat Heavy Electricals Ltd, Hindustan Machine Tools Ltd, etc are registered under the Companies Act, 1956.
Explanation:
A “Government company” is defined under Section 2(45) of the Companies Act, 2013 as “any company in which not less than 51% of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, and includes a company which is a subsidiary company of such a Government company”.
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