Question

_________ refers to the company in which $51\%$ or more of the paid up capital is held by the government.

• A. Departmental undertaking
• B. Statutory corporation
• C. Government company
• D. All of the above

Answer 1

Answer: (C)

Government company

Government Company is a company or an organization in which at least 51% of the paid up share capital is held by the central government or the state government or partly by both central and state government.

A company having business operations in India and registered under the Indian Companies Act, 1956 is called Indian Company. An Indian company may be formed as a public limited, private limited or government company.