Question

Define a government company. ​

Answer 1

MEANING OF GOVERNMENT COMPANY:

A Government company is a company in which more than 50% of the paid-up capital is held by the Central Government, State Government, or jointly by the Central and the State Governments.It is formed and registered under the Companies Act 20113.

Answer 2

Answer:

A Government company is a company in which more than 50% of the paid-up capital is held by the Central Government, State Government, or jointly by the Central and the State Governments.

It is formed and registered under the Companies Act 20113.

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