Question

The companies are governed by the Companies Act, ________.

• A. $1956$
• B. $1936$
• C. $2013$
• D. $1856$

Answer 1

Answer: (C)

$2013$

A Government company is defined under Section 2(45) of the Companies Act, 2013 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 or Governments, or partly by the Central Government and partly by one or more State Governments.

Section 2(20) of the 2013 Act defines the term company to mean “a company incorporated under the Companies Act 2013 or any previous company law.The sub-section states that for the purposes of such definition, the expression company includes body corporate.