Business Studies

A government company is any company in which the paid up capital held by the government is not less than _______.


ANSWER

51 percent


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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Single Correct Medium Published on 18th 08, 2020
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