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Business Studies

Government Company and Its Features

If the Centra...

Question

If the Central or State Government hold more than 51% share capital in any company then it can be termed as ____________.

A

Statutory Company

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B

Departmental Undertaking

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C

Government Company

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D

Government Company in form of department undertaking

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Solution

The correct option is C Government Company
Government Company means Company any in which not less than 51% (fifty one per cent). of the paid-up share capital is held by- The Central Government, or Central Government and partly by one or more State Governments, .Sometimes these Companies are called as Mixed Ownership Company.

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