Multiple Choice Questions on In ABC company 10 of paid up capital is held by another public company 55 held by Central Government........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

In ABC company 10 of paid up capital is held by another public company 55 held by Central Government...........

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

    Government Company

    Correct Answer

    Private Company

    Incorrect Answer

    Public Company

    Incorrect Answer

    Deemed Public Company

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

    Government company is a company in which atleast 51% or more paid up equity shares are held by Government (Central or State).

    By: Vikas Goyal
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