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      Question

      A government company is a company inĀ  which __________%

      of the paid up share capitalĀ  is held by the central government , or by any state government .
      A More than 20 Correct Answer Incorrect Answer
      B More than 30 Correct Answer Incorrect Answer
      C Not less than 40 Correct Answer Incorrect Answer
      D Not less than 51 Correct Answer Incorrect Answer

      Solution

      Section 2(45) of the Indian Companies Act, 2013, defines government companyĀ  as, Any company inĀ  which not less than 51% of the paid up share capitalĀ  is held by the central government , or by any state government.

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