Question

A Government Company is defined in Section _________ of the Companies Act, $2013$.

• A. $2\left(45\right)$
• B. $3\left(15\right)$
• C. $209$
• D. $224$

Answer 1

Answer: (A)

$2\left(45\right)$

A government company is defined under section 2(45) of the companies Act 2013 as-

a) any company where not less 51% of the paid share capital is held by either state government or central government or partly by state and party by central government. or,

b) any company which is a subsidiary of a government company.