Question

What is Government Company in B.S.T​

Answer 1

Answer

A “Government company” is defined under Section 2(45) of the Companies Act, 2013 as “any company in which not less 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,

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Answer 2

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$\huge\text{Govt.\:Company:-}$


If Central or any State Government holds majority of paid up share capital in any company, it is called a $\bold{Government\:Company.}$


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$\bold{Note:-}$


Government companies are created by $\bold{executive\:action.}$


They are $\bold{incorporated}$ under the Companies Act, 1956.


They are better than Departmental organizations because they enjoy $\bold{more\:flexibility.}$


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