Question

A government company is a company in which ______ of the paid up share is held by the Central Government.

Options

• not less than 30%

• not less than 51%

• not less than 71%

• not less than 50%

Answer 1

A government company is a company in which not less than 51% of the paid up share is held by the Central Government.

Explanation:

A government company is a company in which the Central or State Government holds at least 51% of the paid up share capital, giving it full command and ownership of the company.