Question

What is a government company?

Answer 1

ANSWER

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A government company is a company in which not less than 51% of the paid up share capital is held by the central government or by one or more state governments or jointly by the central and state government it is formed and registered under the Companies Act 1956 which contains special provisions relating to the government companies a government company may be either a public company in which both the government and private investors hold shares or a private company which is wholly owned by the government in India most of the Government companies are private companies and their entire share capital is described by the government.

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Answer 2

Explanation:

Government Companies

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