Multiple choice

A company is a government company only if

  1. all the shares of the company are held by the central or state government

  2. at least 25% of shares are held by the central or state government

  3. majority of shares are held by the central or state government or both

  4. majority of directors are appointed by the central or state government

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A government company is any company in which not less than fifty-one percent 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.

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