G Ltd Has the paid up equity capital structure held as follows By Central Government 38 By State Gov...........

Companies Act-Phase (I & II) Introduction to Company Act

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G Ltd. Has the paid-up equity capital structure held as follows:

By Central Government-38%

By State Government-10%

By Subsidiary of Government company-17.50%

By Retail shareholders-remaining shares.

Which of the following classes of companies would it belong to:

Government Company

Public Company

Private Company

Deemed Public Company

None of the above

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Explanation:

As per Section 2(45) of Companies Act, 2013 a Government Company is a company in which not less than 51% of its paid-up capital is held by Central Government or by State Government(s) or partly by Central Government and partly by State Government(s) and includes a company which is a subsidiary company of such Government Company.