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If a nationalized bank hold more than51% in any company, will it be called as government company
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No We must check the holding of Central or State government only. Sec 2(45): Government company means any company in which not less than 51% of the 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, and includes a company which is a subsidiary company of such a Government company
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