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    Question

    Under which law is the minimum paid-up capital required

    to be held by the government in a company to make such company a government company?
    A Indian Constitution Correct Answer Incorrect Answer
    B Companies Act, 1956 Correct Answer Incorrect Answer
    C Income Tax Act, 1961 Correct Answer Incorrect Answer
    D Indian Contract Act, 1872 Correct Answer Incorrect Answer
    E Companies Act, 2013 Correct Answer Incorrect Answer

    Solution

    According to the Companies Act, 2013, a company is classified as a government company if at least 51% of its paid-up share capital is held by the government, directly or indirectly.

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