Multiple choice

According to the Indian Companies Act 1956, a government company means, any company in which not less than _______________ of the paid up capital is held by the central government or partly by central government, and partly by one or more state governments.

  1. 100 percent

  2. 91 percent

  3. 75 percent

  4. 51 percent

  5. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

This is the correct answer. The paid up capital by the government is not less than 51 percent.

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