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Government company
whether subsidiary company of a government company is government company, if yes go on the definition of subsidiary company and government company and answer.
Replies (4)
No how it can be government company,
You check the definition of government company
Yes.
"Government company" means any company in which not less than fifty-one per cent 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;
| Originally posted by : Manish | ||
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Yes. "Government company" means any company in which not less than fifty-one per cent 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; |
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Please quote the section
2(45) of companies act 2013.
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