Define Government Company?
 
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As per the Section 617 of Company Act of 1956, a Government Company means 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 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.


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A government company is defined as a company in which at least 51% of the paid-up share capital is held by the central government or any state government. This definition is outlined in Section 2(45) of the Companies Act, 2013. Government companies operate as public enterprises and are established to undertake activities in various sectors such as infrastructure, services, and manufacturing, often aimed at promoting public welfare and economic development 


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