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 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).

Examples of Government company in a sentence

• Rafael was formerly part of the Ministry of Defense and in January 2002 was converted into a Government Company.

• An additional Government Company would hold and manage the ports’ assets and lease them to the three port operating companies.

• Such a Government Company was designated to balance supply and demand, supervise competition and plan future development.

• In addition, a Government Company was to be formed and be in charge of the system’s management and coordination between the various companies.

• Defense Oriented Companies In 2013, the Ministerial Privatization Committee decided to privatize Israel Military Industries Ltd., which is another defense-oriented Government Company of which the State held 100% until 2018, by establishing a new Government Company to which the business activity of Israel Military Industries would be transferred, and the new Government Company would be sold in a private sale to investors.

More Definitions of Government company

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

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 Government company within the meaning of section 617;