ABC Ltd. is a company incorporated under the Companies Act, 2013. The paid-up share
capital of the company is held as under:
Government of India
20%
Government of Andhra Pradesh
20%
Government of Tamil Nadu
10%
Government of Maharashtra
10%
Explaining the provisions of the Companies Act, 2013, stating whether the said company be
called a ‘Government company’ and also whether the employees of a Government company
can claim their salaries from the Government of India
Answers
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4
Answer:
Yes......
Explanation:
Section 2(45) of the Indian companies act, 2013 "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."
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