Government company definition

Government company means any company in which not less than fifty-one per cent. 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, and includes a company which is a subsidiary company of such a Government company;

Government company means a Government Company formed and registered under the Companies Act, 1956.

Government company means a company within the meaning of section 617; and

Examples of Government company in a sentence

• Whilst the Government’s shareholding in our Company equals or exceeds 51%, our Company will continue to be classified as a Government company and will be subject to various regulations, regulatory exemptions and benefits generally applicable to public sector companies in India.

• A Sector Undertaking (PSU) means a company in which not less than fifty- one per cent of the paid-up share capital is held by either the Central Government, or by any State Government (s) or partly by the Central Government and partly by one or more State Governments and includes a company which is a subsidiary of a Government company as thus defined.

• A Sector Undertaking (PSU) means a company in which not less than fifty-one per cent of the paid-up share capital is held by either the Central Government, or by any State Government (s) or partly by the Central Government and partly by one or more State Governments and includes a company which is a subsidiary of a Government company as thus defined.

• A Government company is such a company registered under the Act in which not less than 50% 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, and includes a company which is a subsidiary of a Government company as thus defined (Sec.

• Strategic sale, disinvestment, etc., of immovable property by Government company not liable to stamp duty.

More Definitions of Government company

Government company means a company in which not less than fifty-one per cent of the share capital is held by the Federal Government, Provincial Government(s) and/or local government(s).

Government company means any company in which not less than fifty- one per cent. of the paid-up share capital is held by the Central Government, or by any

Government company means any company in which not less than fifty one per cent of the paid-up share capital is held by the State Government or Governments and includes a company which is a subsidiary of a Government company as thus defined;

Government company means a Government company within the meaning of the Companies Act, 1956;

Government company means a company as defined under section 617 of the Companies Act, 1956 (1 of 1956);

Government company means a company where the majority of the stock or shares in the capital is or are beneficially owned by the State, whether such shares are held in the name of a Minister, public officer, nominee of the State or otherwise;

Government company means a company registered under the Companies Act and in which the Government of Mauritius -