Government company

101 views 4 replies

Mohit Bishnoi

Ipcc G1

22 Points Joined April 2018

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)

Law Aspire

755 Points Joined August 2009

No how it can be government company,
You check the definition of government company

Guest

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;

Law Aspire

755 Points Joined August 2009

Originally posted by : Manish
	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;