public company means registered as LTD co under Cos act 2013, and co in a public sector means a sector which is owned and controlled by the cent govt. govt co means in which more than half of shares are held by the cent/state govt individually or in aggregate. govt undertaking means which is regulated under govt control.e.g LIC is a govt undertaking
Priya kashyap :Section 2(71)public company" means a company which—
[a] is not a private company *****14[and];
[b] 9[has a minimum paid-up share capital 5[Omitted], as may be prescribed]:
Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be public company for the purposes of this Act even where such subsidiary company continues to be a private company in its articles ;
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