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Joint Venture

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(Querist)
20 July 2007 If a company is registered under Companies Act 1956 as a Government Company but the paid up capital of the company under some agreement is divided into the ratio of 50:50 with a public/private company then
a)whether the co. remains as a government co.?
b)Is this agreement comes under the ambit of joint venture or is it take over?
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Shashi Mohan Jha

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Shashi Mohan Jha (Expert)
21 July 2007 It would lost the status of a government company (Min51% stake required)and owuld be termed as a 50::50 JV only.
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