Government company [Section 2(45)]:
Government Company means any company in which not less than 51% of the paid-up share capital is held by-
(i) the Central Government, or
(i) the Central Government, or
(ii) by any State Government or Governments, or
(iii) partly by the Central Government and partly by one or more State Governments,and the section includes a company which is a subsidiary company of such a Government company.
(iii) partly by the Central Government and partly by one or more State Governments,and the section includes a company which is a subsidiary company of such a Government company.
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