1.

ABC Ltd. is a company incorporated under the Companies Act, 2013. The paid-up sharecapital of the company is held as under:Government of India20%Government of Andhra Pradesh20%Government of Tamil Nadu10%Government of Maharashtra10%Explaining the provisions of the Companies Act, 2013, stating whether the said company be called a ‘Government company’ and also whether the employees of a Government company can claim their salaries from the Government of India​

Answer»

ANSWER:

Yes......

Explanation:

Section 2(45) of the Indian companies ACT, 2013 "Any company in which not less than 51% of the paid up SHARE capital is held by the CENTRAL government, or by any STATE government."



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