Question

what do mean by government company​

Answer 1

Answer

Government Company is a company or an organization in which at least 51% of the paid up share capital is held by the central government or the state government or partly by both central and state government.

Answer 2

definition of of government company:

a government company is a company where not less then 51% or at least 51 % share in the paid up capital is held either by the central government or by state government.

:features of government company:

1. incorporated as per the provisions of the companies act.
2. at least 51% of the shares are held by government.
3. it has a separate legal entity.
4. it is managed by board of directors.