Question 16 of 22
Q.The share capital of the Government in a Government Company must not be less than :
(a) 95%
(b) 75%
(c) 51%
(d) 60%
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2024MCQ· 1mImportance★★★★★
73% · 16/22 Questions
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Start your 14-day free trial to unlock the full solution →The share capital of the Government in a Government Company must not be less than 51%, option (c).
Under the Companies Act, a Government Company is defined as a company in which not less than 51% of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central and partly by one or more State Governments. This majority holding give …
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