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: Option E