Incorporation related query
This query is : Resolved
10 February 2017
AS PER THE COMPANIES ACT 2013,
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, and includes a company which is a subsidiary company of such a Government company.....
KINDLY LET ME KNOW AS PER THE ABOVE DEFINITION WHETHER THE TERM "ANY COMPANY" INCLUDES PRIVATE COMPANY IN IT...
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, and includes a company which is a subsidiary company of such a Government company.....
KINDLY LET ME KNOW AS PER THE ABOVE DEFINITION WHETHER THE TERM "ANY COMPANY" INCLUDES PRIVATE COMPANY IN IT...
10 February 2017
No. Pvt ltd company can't be incorporated with govt subscription. Inference - corollary to section 2(68) (iii).
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