Question

A government company is any company in which the paid up capital held by the government is not less than _______.

• A. 49 percent
• B. 51 percent
• C. 50 percent
• D. 25 percent

Answer 1

Answer: (B)

51 percent

Section 2(45) of the Indian companies act, 2013, defines government company as, "Any company in which not less than 51% of the paid up share capital is held by the central government, or by any state government."