Question

Company can be called govt company if _________ % of paid up share capital is held by government.

• A. more than 30
• B. more than 40
• C. more than 50
• D. none

Answer 1

The correct option is C more than 50

The Government Company are the companies in which not less than 51% (fifty-one percent) of the paid-up share capital is held by the Central Government, or any State Government or Governments, or Partly by the Central Government and partly by one or more State Governments, or includes a Company which is a Subsidiary Company of such a Government Company. A Subsidiary of Government Company also treated as a Government Company.

Thus the correct answer is C.