Section 617 - Definition of "Government Company". - Companies Act, 1956

Application of Act to Government Companies Definition of "Government Company". 617. For the purposes of [1] [this Act] Government company means any company in which not less than fifty-one per cent of the [2] [paid-up share capital] is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, [3] [and includes a company which is a subsidiary of a Government company as thus defined]. ----------------------------------------- Notes:- [1] Substituted by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 198, for "sections 618, 619 and 620". [2] Substituted by the Companies (Amendment) Act, 1960, 65 of 1960, section 198, for "share capital". [3] Inserted by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 198.