SECTION 617 OF THE COMPANIES ACT, 1956

 

617. Definition of "Government Company": -

For the purposes of this Act Government company, means any company in which not less than fifty one per cent 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 of a Government company as thus defined.