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    Question

    A government company is a company in which __________% of the paid up share capital 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 company as, any company in which not less than 51% of the paid-up share capital is held by the central government, or by any state government.

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