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This question belongs to Commerce Legal Aspects Of Business

Legal Aspects of Business

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Which of the following can be served as the best definition of a Government Company?

A) Where the central government holds 51% or more shares B) Where the state government holds 51% or more shares C) Where central and state governments together hold more than 51% of shares D) Where the central, state & local government hold more than 51% shares putting together E) Where central, state or local government holds more than 51% shares or is working as a subsidiary to a government company

Answer & Solution

Correct Answer: Option E

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