Question

Q 2 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.​

Answer 1

Answer:

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