Question

In government company 51% of the paid up capital is by ___ and ____ company

Answer 1

Answer:

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”.

Thus, the cardinal feature of a government company is not less than 51% ownership by Central/state government, either individually or jointly.

Answer 2

chairman and share older