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Companies Act, 1956 Section 617

Title: Definition of "government Company"

State: Central

Year: 1956

For the purposes of1[this Act] Government company me ans any company in which not less than fifty-one per cent of the2[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 Governments3[and includes a company which is a subsidiary of a Government company as thus defined]. _________________________ 1. Substituted by Act 65 of 1960, Section 198, for "sections 618, 619 and 620" (w.e.f. 28-12-1960). 2. Substituted by Act 65 of 1960, Section 198, for "share capital" (w.e.f. 28-12-1960). 3. Added by Act 65 of 1960, Section 198 (w.e.f. 28-12-1960).

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