Under the Companies Act, 2013, a company in which not less than 51% of the paid-up share capital is…
Section 2(45) of the Companies Act, 2013 defines a "Government company" as any company in which not less than fifty-one per cent of the paid-up share capital is held by the…
Choose your answer
Under the Companies Act, 2013, 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 Government and partly by one or more State Governments, is called
Answer and explanation
Correct answer C
Section 2(45) of the Companies Act, 2013 defines a "Government company" as any company in which not less than fifty-one per cent of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, and it includes a company which is a subsidiary of such a Government company. A foreign company is a company or body corporate incorporated outside India that has a place of business in India (section 2(42)), and a producer company is one registered under Chapter XXIA to carry on activities relating to the produce of its producer members, so neither fits the description.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
CLAT PG
Subject revision for a passage-based exam
-
CUET PG Law (LL.M.)
Subject revision
-
AILET PG
Subject revision
-
Bihar Judicial Services
Subject revision