govt company.. sec 617.. 

As more than half in nominal value of its equity share capital is held by a State Govt. it's a subsidiary of the Government company as per Section 4(1)(b)((ii) and consequently a Government company as defined in Section 617.

Hii

But Section 617 says about holding of ateast 51% to become government company.

Regards- Sudhir

The Company in which 50.25% of shares are held by one/more State Govt./Central Govt. then the category will be "Indian Non-Government Company" and NOT the "Governemnt Company"

Yes, agreed with Ashwani ji its not a government comapny, it can be either public or private non govt. company

Though Section 617 talks about 51% holding by a CG or SG, it also says that a subsidiary of a government company shall be a government company. 

As per Section 4(1)(b (ii), a company shall be deemed to be a subsidiary of another if the other company holds more than half in nominal value of its equity share capital i.e. more than 50%.  In the instant case 50.25% is held by the government company, so the government company is a holding company and the other is a subsidiary of a government company and consequently the subsidiary is also a government company.

This is my interpretation. Let's have the views of other experts in the forum too.

Fully agreed with Ms. Jaishree.'s reply. However, as per query, 50.25% is held by the government  (no where mentioned in the query about Govt. Company). This is my interpretation of the query posted by Mr. Preet.

sorry all.. i have given a wrong answer,, it is 51 %.. 

For becoming govt. co.  51% or more paid share capital should be held by state or central govt or both  as case may be.

and subsidiary of govt co is also a govt co.

But as per  ur case it held less than  51 % and it's not a govt co.