Question
XYZ Co, is having 15% share capital held by X Company
and 50% held by Central Government and 10% held by State Government and 25% held by other people then that company will beSolution
A government company is a company in which the Government or State Government holds 51% or more of the paid-up capital. Government Company, also called Public Enterprise, State Enterprise. It works as other companies registered under the Companies Act.
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