Business Studies, asked by divyasinghkm53, 7 months ago

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.​

Answers

Answered by ZOYA1447
0

Answer:

Government Company: means any Company in which not less than 51% (fifty one per cent). of the paid-up share capital is held by:- The Central Government, or Any State Government or Governments, or Partly by the Central Government and partly by one or more State Governments, or includes a Company which is a Subsidiary Company of such a Government Company;

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BACKGROUND:

Government Company: means any Company in which not less than 51% (fifty one per cent). of the paid-up share capital is held by:-

♠ The Central Government, or Any State Government or Governments, or Partly by the Central Government and partly by one or more State Governments, or includes a Company which is a Subsidiary Company of such a Government Company;

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