Economics · Government Companies
Which one of the following is not correct regarding a Government Company in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Its accounts are audited by or under the direction of the Comptroller and Auditor General of India.
- 2The Government can hold a maximum of 51% of the paid-up share capital.✓
- 3Its directors are appointed by the Government.
- 4It is established under the Companies Act.
Correct answer
The Government can hold a maximum of 51% of the paid-up share capital.
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