BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If in a company, government’s share holding is more than 51%, it is classified as
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Public Ltd
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Partnership
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Private Ltd
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Government company
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Semi government
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Explanation:
Detailed explanation-1: -Government Company means Company any in which not less than 51% (fifty one per cent). of the paid-up share capital is held by-The Central Government, or Central Government and partly by one or more State Governments, . Sometimes these Companies are called as Mixed Ownership Company.
Detailed explanation-2: -Atleast 51% of the shares must be owned by the government in order to be a government company.
Detailed explanation-3: -Example of a Government Company is Steel Authority of India.
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