Q.What is a Government Company? Explain briefly with reference to the legal minimum government shareholding required.

A Government Company shows how a public sector enterprise can itself be organised in the Joint Stock Company form already studied in this chapter.

A Government Company is a company incorporated under the Companies Act, 2013 (like any other company, with all the usual features of separate legal entity, perpetual succession, and limited liability) in which the Central Government, or any State Government, or partly the Central Government and partly one or more State Governments, holds not less than 51% of the paid-up share capital. …