Question

how much percentage of share must be held by government to call a company as government company?
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Answer 1

Answer:

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”.

Explanation:

Answer 2

Answer:

Majority of the share must be held by government to call a company as government company or Public Sector (PSU).

Example : 51% out of 100%