Business Studies

_________ refers to the company in which $$51\%$$ or more of the paid up capital is held by the government.


ANSWER

Government company


SOLUTION
Government Company is a company or an organization in which at least 51% of the paid up share capital is held by the central government or the state government or partly by both central and state government.
A company having business operations in India and registered under the Indian Companies Act, 1956 is called Indian Company. An Indian company may be formed as a public limited, private limited or government company.
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Single Correct Medium Published on 18th 08, 2020
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