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CA Foundation doubt

According to me this is not government company Paid up share is less than 51 percent But suggested answer give it is government company Whats your opinion

Image attached to the doubt: According to me this is not government company Paid up share is less than 51…

Asked by Aman20 Aug 2025470 views

5 answers

  1. Gauresh · 21 Aug 2025

    It is a subsidiary company and subsidiary company is also considered as govt. Co.

  2. Gauresh · 21 Aug 2025

    See mtp september 2025

  3. Shiv · 21 Aug 2025

    Principal company is govt company that's why it is a govt company

  4. Riddhi · 21 Aug 2025

    Here Mahendra company is a government company and any subsidiary company of government company will be a government company. Mahendra has more than 50% share which makes it holding company.

  5. PRIYANSHU · 20 Aug 2025

    IF THE PRINCIPAL COMPANY IS A GOVERMENT COMPANY THEN THE SUBSITUTE COMPANY WILL BE ALSO A GOVERMENT COMPANY

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