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

Asked by Aman20 Aug 2025470 views
CA Foundation doubt

Asked by Aman20 Aug 2025470 views
Gauresh · 21 Aug 2025
It is a subsidiary company and subsidiary company is also considered as govt. Co.
Gauresh · 21 Aug 2025
See mtp september 2025
Shiv · 21 Aug 2025
Principal company is govt company that's why it is a govt company
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.
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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