Public, Private and Global Enterprises · Class 11 · CBSE · Commerce Business Studies
According to the Indian Companies Act, a Government Company is defined as any company in which the paid-up share capital held by the Central Governme…
Practice question from Public, Private and Global Enterprises (Class 11 · CBSE · Commerce Business Studies), with the correct answer and a step-by-step solution.
medium · MCQ · Q-BF917E
According to the Indian Companies Act, a Government Company is defined as any company in which the paid-up share capital held by the Central Government, or State Government(s), or partly by Central and partly by State Governments is not less than:
- A.49 percent
- B.50 percent
- C.51 percentCorrect answer
- D.74 percent
Solution
A Government Company is defined under the Companies Act as any company in which at least 51% of the paid-up capital is held by the Central Government, State Government(s), or both.
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