Multiple Choice Questions on In ABC Co if 10 of the paid up share capital held by another Public company 35 held by Central Gover........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

In ABC Co if 10 of the paid up share capital held by another Public company 35 held by Central Gover...........

Companies Act-Phase (I & II) Introduction to Company Act
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    In ABC Co. if 10% of the paid-up share capital held by another Public company, 35% held by Central Government, 55% by public, then that company is a:

    Government company

    Incorrect Answer

    Private company

    Incorrect Answer

    Public company

    Correct Answer

    None of the above

    Incorrect Answer
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    Explanation:

    Public company is a company in which majority of the shares are held by public. Government company is a company in which atleast 51% or more shares are held by Government.

    By: Vikas Goyal
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