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    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 be
    A HUF Correct Answer Incorrect Answer
    B Private Company Correct Answer Incorrect Answer
    C Public Company Correct Answer Incorrect Answer
    D Government Company Correct Answer Incorrect Answer

    Solution

    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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