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Section 617 – The Companies Act,1956

The Companies Act, 1956

617. Definition of “Government Company”.

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].

1 Substituted by Act No. 65 of 1960, for the words and figures “sections 618, 619 and 620”

2 Substituted by Act No. 65 of 1960, for the words “share capital”.

3 Inserted by Act No. 65 of 1960.

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The Companies Act, 1956

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